Mar 31 2014, 12:33 PM
I have just opened an trading account in Interactive Brokers but have no idea how to transfer fund from my local bank (Maybank) account to IB trading account, could you please assist on this issue ? Thanks a lot
QUOTE(rosdi1 @ Jun 13 2012, 12:21 PM)
Yes I TT my fund to my account.with them .
They will deposit in the trust accout with the bank there.
You don't have problem to TT less than RM100K per year if not have to get Bank Negara approval
The cost of TT is generally cheap and cleared the same day/ next day there.
To make sure you don't get taxed you must not have any US address and you have to fill in the declaration form.
To cash out I asked them to TT back the fund but your tarding a/c name and your bank a/c name here must be exactly the same.
Good Luck to you.
They will deposit in the trust accout with the bank there.
You don't have problem to TT less than RM100K per year if not have to get Bank Negara approval
The cost of TT is generally cheap and cleared the same day/ next day there.
To make sure you don't get taxed you must not have any US address and you have to fill in the declaration form.
To cash out I asked them to TT back the fund but your tarding a/c name and your bank a/c name here must be exactly the same.
Good Luck to you.
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