has anybody done a fund transfer from IBKR LCC (US) to Maybank Malaysia? IBKR said the Maybank SWIFT code is insufficient. They need a correspondence bank for Maybank in order to make the trasnfer. Maybank cant resolve this issue for me hence im asking here.

if u don't mind indirect way, transfer USD out to wise, then convert to RM, and topup your ewallet via Wise debit card. good to know the alternatives as IBKR gives 1 free bank withdrawal monthly, and 1 free Wise withdrawal for the same period

1st step. I would not convert back my money unless you really need it. SGD4.0 is coming in few years time.

Interest is paid on positive cash balance regardless of whether it is set aside for whatever purpose. There is 0 interest on the first $10k. Suggest you put into SGOV instead.

Open tiger broker and dump into Fullerton SGD cash account.

Based off exchange. Some exchange more expensive but faster execution. Some exchange cheaper but slowe execution.

It doesn't matter if same or not. It's the exchange that ibkr route the order through.

For some reason after qualifying as AI, a new account is opened, and it is managed from US. So if I were to do a withdrawal to a local bank, it has to be to a US bank. To send to Singapore or Malaysia, it will be via international wire transfer. I am finding out what TDA SG's role is now. Anyway, since this is IBKR thread, I won't prolong this subject.

If MY residents end up with IBKR US account, then no point for me to transfer to IBKR. Will investigate this. Thanks.

since this is an IBKR thread, what if he ACH the funds (assuming it's not funds that is needed in an emergency in the near future) from a us bank account into IBKR, and then only withdraw it to a singapore bank account at least 3-5 years down the line?

won't be flagged for "using IBKR to forex" yea?

the stock positions (except for fractional units), he can directly transfer to IBKR without liquidating

Ayam scare, becos i got a close call last time.......
So I guess u all of you used IC? Any reason why didn't use driving license?

It's nearing the end of January 2024, I still don't see IBKR refund my 30% WHT deducted out of my BIL holdings.

Can anyone confirm the exact date of WHT refund for last year/previous years?

Thanks.

No, for liquidity reasons I go for BIL, but it's the same product, just different fund managers (SGOV - Blackrock, BIL - State Street). 

And no, it is not capital guaranteed. If short-term US T-bill rates move volatile enough T-bill ETF can still lose money. And of course, if Uncle Sam can't service its own debt then do expect volatile movements in the ETF price as well.

There's an additional complexity in using ETF which is the premium/discount over the underlying asset's NAV. This is less of an issue with liquid ETF but can be a problem for less liquid ones. You probably don't have to worry too much about this for BIL or SGOV.

Thanks for the screenshots. I couldn't find the interest rate calculator on IBKR website but managed to get it after a google search for it. Very useful.
The other screenshot was equally useful, but I need to do a more in-depth study as there are various types of interest payments. On my daily activity statement, my broker interest paid and received is 0, but my interest accruals is $3.56.
Thanks, and hope you all have a profitable US trading day!

Thanks for the above example. So, to qualify for the interest of 3.83% pa, I have to have CASH 100k? I thought IBKR meant if the portfolio is above $100k (inclusive of all stocks already purchased) , any idle cash would earn an interest rate of 3.83% pa.