i remembered i read in here before that the borderless is available in m'sia already? got users login/logout or close the usd balance and re-open again to activate the boderless facility?

use traditional.. don't think we can use the instant one, that'll require username and password.. even if i have US bank account, wouldn't be comfortable to just give it to them

ah ok.. just in time

maybe it's time to give their support a call (or email)?

for deposit, u initate a deposit in ibkr as per usual, choosing the ACH option (it should already appear as ur saved deposit).. key in the amount u want to deposit.. then just wait.. took a day to see my TW account been deducted.. all these are done through ibkr only.. didn't do anything at TW side (apart from maintaining sufficient balance)

if use the send feature (push/send fund to ibkr) in TW, there are fees/charges

just another alternative to minimize cost..

and no one said anything about cimb sg is not the 'bestest' and 'fastest'?

probably doesn't really matter?

TD Ameritrade was added into the SC list can be purely due to they don't operate in m'sia, which we all know every financial company want to conduct business here must adhere to their requirement.. yet we have fellow m'sian open account with TD directly.. so that SC's move maybe just to tell the public that "look, TD is not under our purview, so anything happen to ur money is not our problem, u have been warned".. in other word, less job for them

meanwhile, TD itself is already a well-established company.. now they're merging with c.schwab (itself a cultured company) to become an even bigger entity.. it's like the US banning Huawei.. but Huawei is still one of the biggest telecommunication company in the world and no less people using their phone or 5g technology

i see.. that's quite bad though

that's great..

now u if want to try, can initiate a withdrawal from ibkr (free for the month if u haven't already make any withdrawal) to ur TW USD, using that saved ACH that had been set-up.. try slightly higher amount maybe USD300-USD500 if u could.. once the amount reach TW, initiate a deposit in ibkr of the same amount (not necessary the same actually, it's up to u) using the same saved ACH function.. money in ur TW will then be auto deducted and transfer to ur ibkr account, which have a holding period of 4 business days before u can actually use it

hope u'll find it useful

exactly.. smh

to give the benefit of doubt, SC is probably just being protective.. it's still up to the individual to do their due diligence and understand what they're doing or what they're engaging in

there u go

sad to know about ur ingenious way to set up the borderless account doesn't work.. or rather doesn't satisfy their compliance.. else it could be a very useful alternative funding for a lot of people..

as far as i understand, ACH is not applicable too for 'Foreign Currency Account'.. eg. if u have USD in ur m'sia bank account, and u fund IBKR using it, that is consider as normal wire or TT transfer.. ACH is only applicable locally between banks in the US.. eg. Citibank (US) to/from Bank of America (US), JP Morgan (US) to/from Morgan Stanley (US), etc.. so in short, u can only use that system if u have a bank account there

relating to Wise, those who has borderless account is equivalent to having a bank account in the US

if u're transferring into IBKR in USD, there's additional USD 25 foreign fee.. eg. if u transfer USD 1,000 into IBKR, u will get USD 975 nett as the amount reflected in ur IBKR account

transfer of fund from maybank to IBKR usually only takes a few hours

yes, as far as im concerned..

but if u come across higher foreign fee for a higher amount deposited, feel free to share with all of us here

instead of direct debit, would u be able to set-up under ACH (through IBKR) instead?

hm, that's weird.. it should be fine once the verification of the small amount are credited and then debited..

are ur Wise USD borderless account from the first few batches of sign-up where they actually still allow it? ours doesn't mention 'direct debit is not allow' though

i see..

didn't know about there's two USD account details.. so far i've only encountered one and only used the mobile version

for transfer using bigpay, i think the info we entered in ibkr (the section where we initiate a deposit) is more crucial than the info we entered in bigpay..

for bigpay, as long as the amount and recipient account number is correct, the transfer should be fine.. it is at ibkr where the info entered when creating a deposit has to be as accurate as per the bigpay's transfer details.. usually i'll make sure the SGD amount entered in ibkr is exactly as the amount bigpay had sent out.. i will also input the bank name of sending institution as Bigpay (Transaction ID: xxx).. this transaction ID can be easily obtain from the bigpay app after u made the transfer.. just so that it's easier for them check and tally.. that's all

i guess whether the transfer name is later shown as bigpay or transglo or god-knows-what-3rdparty-they-use, is the least of ur worry at this juncture..

what most important is to always have a copy of the transfer details to prove that u are indeed the sender (that it is under ur own name and u're just using a legal fintech to move the fund).. with that, and if ibkr ever ask (which they will randomly do so somewhere 6-12 months after the transfer), they will almost always accept ur deposit.. a copy of the transfer details will do wonder too even if local authorities come knocking on ur door to invite u for a cup of coffee or tea

i guess if u're transferring like RM800k, RM1mil, or higher.. one shot to IBKR.. make sense to use the bank route as ur cost is lower relative to the high amount u're remitting (but u still get bad bank's exchange rate).. transferring high amount one shot would usually equate to those who don't need to remit money every month, or every quarter or whichever.. understand certain people feel 'safer' using a bank..

for certain people, who are not transferring such a significant amount of money.. or those who are accumulating wealth by consistently investing (transferring to IBKR).. it make sense to utilise a route that'll be the most bang for bucks as possible.. assuming they are investing for the long haul, imagine the amount of fees that need to be incurred for 10 or 20 years if opt for the bank option..

to each his/her own.. at the end of the day, the fund will and still for the most part, reach IBKR inevitably

using Wise, USD direct to IBKR also can.. but only if one has their legendary borderless account

would like to share my de-link process as well..

submitted the request by email to ibkr on 13/07.. there were no news/email/notification whatsoever thereafter.. though i did noticed the appearance of ibkr pro logo, refer friend link and option for tiered commission.. however my statement still showed TSG as master name..

hit up live chat this afternoon.. and u've guessed it, the representative confirmed my de-link was successful.. and informed that the master name of TSG will be gone by next week (as they're refreshing this and process new de-link once a week friday).. i've enquired as well why there was no request for verbal verification for my account.. the reply was that my signature on the de-link form matched that in their record.. so i guess those who was requested for verbal verification might have deviate their signature on the form away from their passport signature (or any other signed document submitted during their initial account opening step)?

anywhere, that's all.. hope it'll bring more clarity

yea we just typed in as signature.. but i assume u should have submit some kind of ID such as IC or passport? if it was an IC, then most probably they don't have ur signature in their record

yea u're right.. submitted my passport (with the signature page).. the signature is same as the one i signed on the de-link form

pardon me for chipping in..

i see u owned BPY shares? if so, u'll have 3 options for this takeover.. to receive cash, receive BAM shares or receive BPY preferred shares

since u mentioned u had agreed with the acquisition, i assume u're accepting to receive cash? if it's this option, the price will be transacted at $18.17 (regardless of how high the price has gone to now).. once u receive ur cash payout, the number of BPY shares shall have already been strike off from ur account (or in layman term, the shares have been sold to BAM)

at this point, u're probably not able to sell off the shares since the proposal had been accepted.. at least, it shouldn't be able to, by right.. ibkr probably have mechanisms in place to restrict such order.. u can try though by queing in at a higher price to test it out.. but then if u're able to, it might also be the cut-off date for acceptance has not reach yet