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


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

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.

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.

You opened IBKR first without going through TSG, right? If it says different entities, then you need to re-do everything, ie go through TSG website to open an account with IBKR. They will redirect you to an IBKR website.

If it says different entities, it means you can't link your ibkr to TSG. You've opened a different IBKR, not the one approved by TSG.

I tried last Friday, will report my findings later this week.

Use transferwise.

It's nice that you called the hotline to confirm ....

but I just want to say that, most if not all of us here are not working in a bank. What we posted here is what we have experienced, regardless of what a website, a customer service officer or a bank officer may say. Most of the time, when it comes to very specific questions that are not written black and white on the internet, I find internet users are more reliable because they have been through the process, whereas the customer support would usually be MCC mong cha cha.

Sometimes you see things like, "You're supposed to do/have A, B, C, ......" and even so, ppl went through without doing or having A, B, C.
Another example, IBKR doesn't encourage us to transfer money using fintech and yet we still do it. One guy even did it with BigPay.

so you can understand sometimes ppl feel tired explaining. Sometimes I said something, then someone said, not written on the website. Then I've to play the sure-win card, "I talked to ibkr and they told me so!" It's ok once in a while but sometimes I feel like giving up. Let them explore themselves.

Anyway, if you have other questions, feel free to post them here. We'll reply based on our experience.


1) Means your documents need to be certified by a notary public, but I don't remember going through this step.

2) I don't understand your question, what pump in fund???
Must deposit to activate the acc la.... can't open it and let it have zero balance for 10 years right?
The base currency doesn't matter. You can deposit in any international currencies.

A lot of IBKR tutorials available. You can also sign up for free webinar seminars etc. They also upload videos to youtube, written articles also available.

If you trade US stocks, you exchange your money to USD.
If you trade HK stocks, you exchange your money to HKD.

If you're on a margin acc, can choose not to exchange and pay interest.

Just open as many bank accounts as possible. There's all to gain, nothing to use. If possible, at least 1 acc in all countries!

I'm withdrawing money to TW, not Malaysia.
Anyway, if it works to move it to TW, by right should have no problem transferring the balance to Malaysia.

I think you're confused. He didn't transfer a bank. He transferred straight to IBKR!

I managed to withdraw from IBKR to TW Borderless account!!

Why you should get Transferwise?

Transferwise is a Fintech (financial technology) company that offers cheap cross-border money transfer, like InstaRem, MoneyMatch, Revolut etc. In addition to highly competitive exchange rates (at the moment, it has the best rate among these fintech companies), ITS MAIN SELLING POINT is that, it provides you with virtual bank account details - they call it the Borderless account.

With Borderless accounts, you have your own bank account details for USD, GBP, EUR, AUD, PLN, SGD and NZD. You can use these account details to accept payment from third parties. For example, I can give my GBP account details to someone in the UK to pay me in GBP, or my SGD account details to someone in SG to pay me in SGD.

To sign up for TW: FREE
Accept payment via Borderless account: FREE



I can assure you, TW offers very competitive rates.
At the point of writing, €1,000 gives RM 4774.65.
versus InstaRem, €1,000 gives 4763.94.
What about banks?? Hmm, I'm not sure but .... good luck!


Debit mastercard: FREE (only for those residing overseas). Perfect for when you're travelling abroad!



This post has been edited by moosset: Jun 7 2020, 08:33 PM

beggars can't be choosers.

I withdrew EUR from IBKR to TW Borderless acc (EUR).

Because my currency was in EUR and I wasn't bringing money back to M'sia.
IBKR (EUR) >>> TW (EUR)

You can of course choose SGD as a transit to bring your money back.
IBKR (EUR) >>> TW (SGD) >>> Malaysian bank (MYR)

Anyway, the whole point was to check if TW can be a transit or a storage for our money from IBKR and it works!

you mean in InstaRem?
what's the account number? I can check with my previous transfer.

I've never thought of this in my last transfer. I just use the number given by IBKR.

Bank code is not branch code! I think branch code is already included in the bank account number given by IBKR. You worry too much.

This post has been edited by moosset: Jun 2 2020, 09:03 PM

add 391 in front of the bank acc number.

Oh yes. You're right! Too bad.

They have changed their mind again but this time, only new users in Thailand; new users in Malaysia excluded.

.......have decided to no longer close borderless for new or existing users in Thailand, or for existing users in Malaysia.

Reference for others:
https://forum.lowyat.net/topic/4953197

This post has been edited by moosset: Jun 3 2020, 12:27 AM

I think the final u-turn is, if you're an existing TW user, you can have borderless account. If you're a new TW user from M'sia, then no.

That's why I always advocate open as many accounts as possible - InstaRem, TW, MoneyMatch, Revolut, CIMB SG, MBB SG, BigPay, TnG, whatever, just open all - as policy like this can change anytime. I read in another thread that one user wanted to close his bank account in HK and I was like, hmmm .... not very smart!

yes, €0.63 from TW (€) to IBKR (€).

I just needed some € in my TW debit card to activate a payment system so I gave it a go.

Nope, not yet.

only for overseas residents like SG, Australia, etc.

This post has been edited by moosset: Jun 3 2020, 09:45 AM

No, I don't think so.

Do you have other active orders? Or orders that you've cancelled but still pending?
Did you transfer money / exchange currency in recently? Did you sell your stocks recently?
Have you included the commission into your estimation?

If you have HKD, then deposit HKD.
If you have SGD, then deposit SGD. Then change to HKD straight away. No need USD.
If you have MYR, then deposit HKD via a FinTech company.

I can't tell you the exchange rate because (1) I don't know which currency pair you're looking for, (2) exchange rates change every second. How to compare?

One thing we can tell is - IBKR has one the best exchange rates, if not the best. Feel free to do your own comparison.

you make your own 2FA with IBKR mobile.

I thought you have started investing a long time already? Still setting up? Market already recovered now....

This post has been edited by moosset: Jun 7 2020, 11:05 PM