QUOTE(gn9746203 @ Mar 6 2021, 02:00 PM)
Hi, all.
Have anyone tried to deposit money using other's account ? How long does it take ?
I am helping a friend to open his TSG account, while waiting for his CIMB SG account to opened, he transfer his initial fund to my CIMB SG and I did the initial funding for him.
I did it around 10am this morning but the money has yet to show up in his account.
Any idea how long it will take since the sender's name isn't his name
QUOTE(Manatau @ Mar 6 2021, 02:59 PM)
Is there any restrictions also in withdrawing to a bank account that is in someone else name?
Actually my full name is not on IBKR. Will CIMB SG reject the receipt of the funds?
I can't remember where I read it, but funding & withdrawing to/from a bank account not in your name will raise a red flag!!
Don't say we didn't warn you.
QUOTE(Sky.Live @ Mar 6 2021, 02:08 PM)
I transferred at 10.50pm yesterday, by 11.30pm i received sms / email said amount cleared.
I will try second batch of bank in later
anyone can advice which pricing plan to choose?
Tiered or default?
Will not trade a lot i think
If you're on TSG, there's no pricing plan for you to choose.
If you're on pure ibkr, go for tiered pricing.