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 [DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world

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kpc2020 P
post Aug 24 2020, 10:47 AM

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Hi all, did you hear from Instarem that they stopped sending money to Europe for the time being (until further notice)?

I initiated a transfer through Instarem in Euros for IB on 5th Aug 2020. I received e-mail "Transaction Paid" from Instarem on the 7th Aug and I assumed that the money was already in my IB account. Only until recently that I realised that the money did not go into my IB account and then checked that my Instarem portal has the status "returned", although I did not receive any money back yet. Now they're asking me for the bank in slip before they further process my return.

Are there any other affordable options to transfer money to IB Europe (I registered through Tradestation Global)? I do not have Singaporean bank account.
kpc2020 P
post Sep 23 2020, 11:43 AM

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QUOTE(kpc2020 @ Aug 24 2020, 10:47 AM)
Hi all, did you hear from Instarem that they stopped sending money to Europe for the time being (until further notice)?

I initiated a transfer through Instarem in Euros for IB on 5th Aug 2020. I received e-mail "Transaction Paid" from Instarem on the 7th Aug and I assumed that the money was already in my IB account. Only until recently that I realised that the money did not go into my IB account and then checked that my Instarem portal has the status "returned", although I did not receive any money back yet. Now they're asking me for the bank in slip before they further process my return.

Are there any other affordable options to transfer money to IB Europe (I registered through Tradestation Global)? I do not have Singaporean bank account.
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Just an update. I tried to transfer Euro again through Instarem and is successful this time. Initiated transfer yesterday before noon and the money went in to IB on the night itself. Used code GIFT4U and got RM100 discount by Instarem. Unrelated but noticed IB changed their bank to JPMorgan Chase Bank.
kpc2020 P
post Feb 24 2021, 05:30 PM

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Hi all, I recently tried twice to transfer Euro to IB through Instarem, but got rejected with the reason from IB that instant payments are not allowed.
Did anyone experience this? What are my other options to transfer money to my IB account without any Singapore bank account?

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