I thought you said you read everything?

According to previous posts (within these 2 or 3 pages), BigPay straight to IBKR without going through a bank.

I'd say it's a bit unconventional because you can't state your reference details (which you are supposed to).

Haha that's the problem of reading too many things with information overloaded. 😝😝 Okok, I'll make sure I check back, thanks.

HSBC has an Everyday Global account. It charges $4 USD (excluding cable) for same currency transfer, i.e. USD to USD.

Maybe someone can try?

edit: there's also the Global View Global Transfer thingy, which I'm not sure how it works.

This post has been edited by moosset: May 27 2020, 12:34 PM

Biggest concern i think still the rate? haha bank rate always bad

They claim zero forex conversion fee. Not sure the rate is good or not.

I was actually thinking, using this account to accept USD from IBKR; and when needed, transfer USD from here to IBKR. Both without going through HSBC exchange rate.

This Global Transfer is for you to transfer the same currency from HSBC MY account to another HSBC account overseas. Free transfer charge if you are Premier customer.


Not sure if you can transfer USD from HSBC Malaysia direct to IBKR, never try before. I thought someone here posted here before saying quite hard to TT USD to IBKR, but I think should be doable. Good thing about converting your ringgit to USD within HSBC is that you see the exact rate online, so you can decide if worth it. But be careful of TT charges when transferring to IBKR. Also I think HSBC charges incoming TT as well.

Yggdrasil Did CIMB charge you for receiving USD from IBKR??

so can tell them I want a HSBC (US) acc?


I've just messaged them about this. Will see what they say.

u mean CIMB SG? nope they don't, as per my last withdraw, Maybank ISavvy does

I don't exactly understand your question. The Global View is for accounts you already have with HSBC worldwide. Except for China where you cannot see, the rest most likely you can see. So if you want HSBC US account, you need to open the account first and have it linked to your profile. That way you can view it. I don't think you can open a US HSBC account via Malaysia HSBC account login.

but Fastsaver cannot hold SGD right? They auto change from USD to SGD? or u have a MCA with them?

my understanding is... you open hsbc@my global account fancy name for multi currency account...

in futures if you go overseas study/work say in U.S.... you open hsbc@us account...and link them together you get immediate access to your hsbc@my funds...

hsbc global transfer for your linked accounts... cheap fees compared to tt using swift...

This post has been edited by dwRK: May 27 2020, 09:15 PM

Cool!! So you also have a USD acc in CIMB SG like him.




Fastsaver in CIMB SG is in SGD lah .... so you hold SGD there.

Those that want USD have a separate MCA.

I think I was told (or read somewhere) that HSBC premier customers can open acc anywhere where HSBC has an operation.
What I understood last time was, you need to have a reason. For example, you'll be going overseas soon etc.

I think Ramjade mentioned it before that, we can just simply give any lame excuse, like investment etc.
Anyway, I've not tried it so not entirely sure.

i trust ramjade would have have opened an account already if so, and sharing the info...

Ramjade doesn't want premier banking. He said, it's a waste of money.

I'm sure I read it here in this finance forum somewhere. They said, just give a lame excuse.

but yes, if you have a valid reason, you can open an HSBC acc overseas without being there physically.

lol...true true...

i don't think you can but anyways good luck

Don't look at fees. They can give you zero fees buy you will still received less foreign currency per ringgit. This is because HSBC already mark up the exchange rate. All banks do that. Difference between the spot rate and the rate they quote you = profit for the bank.

One way around it is to use IB account. Once you reached overseas, faster open a local bank account in that country. That way you can convert money at spot rate using IB and withdraw to your local bank account in that country. Cost only USD2.00/transaction.

See above. Do not look at fees. Look at final amount that you will received in foreign currency

If you are going overseas for study or work, might as well open an account there.

just explaining the hsbc thingy to our bro...

hsbc has probably the worst forex rates compare to the banks here...

I did not request to withdraw USD to my CIMB account because if I receive USD, I cannot transfer back to IBKR because they don't allow.
They only allow transfers between CIMB SG USD accounts. Super silly.
If you receive USD from IBKR, you will be forced to convert your USD at their undesirable exchange rate.

So, I convert all the USD to SGD then only transfer back to my CIMB SG account.
Then, I convert SGD to MYR and send to my CIMB MY account.

SGD amount sent by IBKR to CIMB SG is the same amount. The bank didn't take anything as fees.

How long did the withdrawal take from IBKR to CIMB SG? Was just wondering about the ease about withdrawing as depositing is very convenient