Hi all, im trying withdraw money from IB to my CIMB account, but it asked me to select the intermediary bank for CIMB. It seems like CIMB customer support is not even sure of this. Anyone has idea what this intermediary bank is about and what is the intermediary bank for CIMB?

I’m trying to withdraw to CIMB Malaysia. I’m aware of the higher cost though. Since I need to do this rather urgently, hence I didn’t bother to check out other options for now.

I’ll check out Wise later on.

Now that I’ve opened a Wise account and verified it, when I withdraw from IBKR, I should still choose the Bank located in Malaysia or US?

Medufsaid

Thank you so much for the detail walk through. Really appreciate your help on this. Will try this when I get home tonight.

Just wondering, after conversion to MYR, am I able to transfer the MYR to other local bank account just like the usual DuitNow transfer? Or I can only withdraw through my TnG eWallet?