All about ETFs / Foreign Brokers, Exchange traded funds
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 Jun 13 2016, 04:16 PM
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#1
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Junior Member
105 posts Joined: May 2006  
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Hi sifus, how do you transfer money into your IB accounts?
I went to Maybank to transfer a mere 10k usd into the IB account and the bank officer said i needed a BNM approval to trade US equities. Need some advice on this issue. How did you all do it? |
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Jun 14 2016, 02:00 AM
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#2
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Junior Member
105 posts Joined: May 2006
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QUOTE(rjb123 @ Jun 13 2016, 05:41 PM) I've never been questioned by Maybank when doing transfers of 10K USD although I tend to fund from overseas bank as they let me do it online without having the hassle of going to the branch.  QUOTE(AVFAN @ Jun 13 2016, 07:19 PM) now, i hear bnm has been pushing banks to tighten up - rm falling, capital flight, money laundering cases, u know... if bank priority customer, should be OK, i would think.  Im a private banker (not sure if this is 'priority' enough lol) in the Maybank branch I went to do a TT, still had to get the BNM approval for the officer. So tough to start trading nowadays  QUOTE(MNet @ Jun 13 2016, 08:04 PM) U can use maybank online foreign TT You mean even if i did a couple of transactions through this online foreign TT to the IB accounts there will be no questions asked? with RM30k new max limit i think that can really help me out if thats the case. |
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