I found the below website that details how to bank in money into IBKR via InstaREM. I think it's great coz I do wanna try avoiding opening a bank account in SG. Is anyone here funding your IBKR via this method? i.e. MY Bank -> InstaREM (SGD/EUR) -> IBKR?

If so, I'd like to ask you guys, how do you guys withdraw the money? Is it as simple as IBKR -> InstaREM (SGD/EUR) -> MY Bank?

I did try to look for the answer in this forum but to no success. I see most of the answer is to withdraw into SG bank account then InstaREM back to MY.


Link to website: https://medium.com/@ngshiheng/investing-in-...sd-9f78c61f26cf

Thank you ramjade! Looks like with a heavy heart, I might just have to open the CIMB SG Account.

I did see moosset is experimenting on withdrawing straight from IBKR to MY bank via TransferWise. maybe i'll wait and see, haha.

oh wow, i'm interested!

what's your game plan? planning to move overseas in the future?

-deleted-

found my answer from about 10 posts back.

This post has been edited by encikbuta: Jun 3 2020, 09:05 AM

hey all, i have a rather morbid question. is there anyway we can register a beneficiary into IBKR in case of our death? I looked it up and this IBKR feature is only for US-based clients.

if there is no way to register, do you guys know what is procedure to get my account/funds from IBKR transferred over to say my beneficiary in Malaysia upon my death?

wow thanks for the quick reply! some follow up questions:

i) I guess USD200k is the minimum required amount to open account in IBKR SG?

ii) tbh, USD200k of investable cash is maybe an amount i'll hit very late in life. in case of sudden death before that, since IBKR is a US-based company, maybe i'd have to engage a lawyer in the states to draft my will or something?