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Investment Put fund into Ameritrade

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Skyvi
post Oct 12 2021, 04:23 PM

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QUOTE(dwRK @ Oct 12 2021, 03:42 PM)
$25 is charged by intermediary bank when using SWIFT transfer network between Malaysia & USA
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Yes, charged by Wells Fargo for handling wire , but TD officer mentioned only when withdrawal…
zacknistelrooy
post Oct 12 2021, 05:23 PM

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QUOTE(Skyvi @ Oct 12 2021, 04:23 PM)
Yes, charged by Wells Fargo for handling wire , but TD officer mentioned only when withdrawal…
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Most US banks charge for incoming international wire transfer.
dwRK
post Oct 12 2021, 06:10 PM

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QUOTE(Skyvi @ Oct 12 2021, 04:23 PM)
Yes, charged by Wells Fargo for handling wire , but TD officer mentioned only when withdrawal…
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no. Wells Fargo is the final receiving bank... another middle man bank before it is the intermediary bank... either Citi or Chase. Wells Fargo is not approved intermediary bank for SWIFT

QUOTE(zacknistelrooy @ Oct 12 2021, 05:23 PM)
Most US banks charge for incoming international wire transfer.
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Yes... but will charge its customer TDA, not the sender. TDA should enjoy fee free deposits as big customer anyways...
Skyvi
post Oct 12 2021, 06:34 PM

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QUOTE(allhafiez @ Nov 6 2020, 07:05 AM)
AffinOnline transaction failed.. the Bank call me asking me stupid question like what's the proof that I would use the fund for purchase of stocks instead of Forex.
I told the officer that I need to transfer the fund into my trading account first before I can purchase the stock. She said the Bank had to reject the TT because it's not allowed by BNM  bangwall.gif

So I tried CIMBClick again and put my Trading account and my name in the NRIC/Passport column as ss below:

user posted image

Luckily this time it was succesful  rclxm9.gif
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Plan to transfer by Cimb clicks (cash back promo now), anyone can advise what to fill in here “relationship with beneficiary “?
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Skyvi
post Oct 12 2021, 06:35 PM

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Yes... but will charge its customer TDA, not the sender. TDA should enjoy fee free deposits as big customer anyways...
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[/quote]

You mean we won’t get charge the USD25?
dwRK
post Oct 12 2021, 08:28 PM

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[quote=Skyvi,Oct 12 2021, 06:35 PM]
Yes... but will charge its customer TDA, not the sender. TDA should enjoy fee free deposits as big customer anyways...
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[/quote]

You mean we won’t get charge the USD25?
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[/quote]
you are confusing the fees... typically when you send money...

1. outgoing wire fee... sender pays (eg RM10)
2. intermediary bank fee... deduct from transfer (eg $25)
3. incoming wire fee... receiver pays (eg $15)

so... you pay 1 & 2

TDA pays 3 but because is big account usually don't need to pay...

This post has been edited by dwRK: Oct 12 2021, 08:33 PM
Trees
post Oct 26 2021, 09:15 PM

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is there anyone using cimb sg to transfer to tda sg? if so, how was the usual process?

i registered an account under cimb sg, thought that might ease the deposit process
dwRK
post Oct 26 2021, 10:25 PM

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QUOTE(Trees @ Oct 26 2021, 09:15 PM)
is there anyone using cimb sg to transfer to tda sg? if so, how was the usual process?

i registered an account under cimb sg, thought that might ease the deposit process
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cannot

local xfer only from dbs
Trees
post Oct 26 2021, 10:26 PM

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QUOTE(dwRK @ Oct 26 2021, 10:25 PM)
cannot

local xfer only from dbs
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Can I register a dbs account?

Or CIMB transfer will be faster?
dwRK
post Oct 27 2021, 08:29 AM

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QUOTE(Trees @ Oct 26 2021, 10:26 PM)
Can I register a dbs account?

Or CIMB transfer will be faster?
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must open in sg

yes from any banks will be fastest because you no dbs

for tda, do big xfer to be more cost effective because swift wire has intermediary bank fee
xerxesbear_1 P
post Nov 19 2021, 09:50 PM

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so TDA is added to the securities commission blacklist in Malaysia. i have some money in that account. am i screwed? does that mean i cannot bring back my money anymore?
bill11
post Nov 20 2021, 02:56 PM

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QUOTE(xerxesbear_1 @ Nov 19 2021, 09:50 PM)
so TDA is added to the securities commission blacklist in Malaysia. i have some money in that account. am i screwed? does that mean i cannot bring back my money anymore?
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SC alert list means that if some shit happen, they cant help you.

Their parent company is listed company in US what, why screw? can still withdrawal.
kimhoong
post Dec 8 2021, 01:28 PM

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QUOTE(yunodie @ Jul 11 2021, 08:50 PM)
can use Wise to TT overseas. the rates definitely cheaper than banks.
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Have anyone tried this?

Found it but anyone here tested it?

» Click to show Spoiler - click again to hide... «


This post has been edited by kimhoong: Dec 8 2021, 03:45 PM
dwRK
post Dec 8 2021, 04:49 PM

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QUOTE(kimhoong @ Dec 8 2021, 01:28 PM)
Have anyone tried this?

Found it but anyone here tested it?

» Click to show Spoiler - click again to hide... «

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tda sg does not have ach option... only wire
kimhoong
post Dec 8 2021, 05:13 PM

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QUOTE(dwRK @ Dec 8 2021, 04:49 PM)
tda sg does not have ach option... only wire
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Yes, I'm also stuck at that. Trying to get help from helpdesk.
yunodie
post Dec 8 2021, 10:36 PM

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QUOTE(kimhoong @ Dec 8 2021, 01:28 PM)
Have anyone tried this?

Found it but anyone here tested it?

» Click to show Spoiler - click again to hide... «

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successfully transferred to ibkr thru wise.
dwRK
post Dec 8 2021, 11:01 PM

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QUOTE(yunodie @ Dec 8 2021, 10:36 PM)
successfully transferred to ibkr thru wise.
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tda.sg is not like ibkr
dwRK
post Dec 8 2021, 11:01 PM

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QUOTE(kimhoong @ Dec 8 2021, 05:13 PM)
Yes, I'm also stuck at that. Trying to get help from helpdesk.
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last time they tell me cannot
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