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 Interactive Brokers (IBKR), IBKR users, welcome!

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bcombat
post Jun 13 2022, 10:46 PM

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CIMB SG not longer accept fund transfer from Wise for deposit purpose. So is it better to wire direct from Wise to IBKR dollar acc? Rather than Wise —> CIMB SG —-> IBKR.

This post has been edited by bcombat: Jun 13 2022, 10:46 PM


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bcombat
post Jun 13 2022, 11:18 PM

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QUOTE(tadashi987 @ Jun 13 2022, 11:11 PM)
correct me if I am wrong, this should only the application first deposit, not normal transfer right?  hmm.gif
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could be.
bcombat
post Jun 14 2022, 12:35 PM

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QUOTE(Lon3Rang3r00 @ Jun 14 2022, 11:38 AM)
Unsure, but early march i did the transfer using CIMB Malaysia to Transfer S$10 and Wise for the rest, the message was there but i simply ignore it and it goes through (Maybe they fixed it?). The most recent transaction i did is when i received the 10K from EPF and use Wise to transfer, no issue as well.

Currently i don't route through SG. For my IBKR topup, i just directly using Wise then using ACH Transfer to IBKR, which don't make a huge different and i save $2 for the conversion fee.

This doesn't mean CIMB SG is redundant, it's still one way to get your money from IBKR back to MYR  biggrin.gif  (Or directly cash out and used it in Singapore)
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Can see the saving using Wise vs CIMB
bcombat
post Jun 23 2022, 11:31 PM

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QUOTE(Lon3Rang3r00 @ Jun 14 2022, 01:28 PM)
Yes, Wise is direct while Bank need to go through Forex Exchange.
Anyway you can check Ziet video on using Wise ACH to IBKR, more straight forward.
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Just try. It is more strait forward and charges about the same as CIMB sg + Wise.

A little small disadvantage is that Wise is taking longer to process the transaction if transfer to IBKR ACH

 

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