How about USD to MYR conversion? You can't spend USD in Malaysia.

wow from this pic seems RHB MCA is better than Wise, it is with better rate for the opposite from MYR To foreign currency?
contemplating open one

You are right, there are few options for transfer.
However, the last screenshot was taken when I cancelled the transfer from IBKR portal, and made a normal ACH transfer from Wise instead.

When initiating the transfer from IBKR, transfer method is not available for selection, which is shown in screenshot #1 and 2.
Screenshot #3 is the corresponding transaction details that appears in Wise, while the transfer is being initiated from IBKR.

1. If the surviving spouse is not a US citizen, in general, the portion of jointly owned property that is taxed in the estate of the first spouse to die is based upon who provided the “consideration” to purchase the property (i.e. whose assets were used to purchase the property).

Source: https://www2.deloitte.com/content/dam/Deloi...dent-aliens.pdf



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2. Non-US domiciled S&P 500 ETF are not considered as US situated assets for your tax purpose (the fund is domiciled in Ireland). But if you purchase S&P 500 ETF directly from say, NYSE Arca, then that would count as US situated asset for your tax purpose

Source: https://www.bogleheads.org/wiki/Nonresident...ng_tax_leakage). 

Hi friends, just to share some info from my experiment:

I've set up recurring investment for VWRA, a LSE listed ETF denominated in USD.



Contrary to the information provided by IBKR:

1. If you don't have enough USD, it will convert from your other currency balances. This conversion is free.
2. It trades at the end of the trading day.
3. It charges minimal commission where possible. (0.35 USD instead of the usual 1.70+ USD) The ongoing theory is that it's an internal trade within IBKR where possible and it saves cost.

The cheapest route to invest at any amount now for me is:

1. Remit SGD to SG Bank. (MoneyMatch -> CIMB SG, <2 hour during working hours)
2. Deposit from SG Bank to IBKR SG (CIMB SG -> IBKR, <2 hour before funds are made tradable)
3. Set up recurring investment, it's possible to set to buy for exactly 1 time to mimic normal buying.
4. SGD automatically converted to USD without 2USD commission on trade with IBKR's great spot rate.
5. Trade is done at cheapest possible broker commissions.

Not only this makes weekly DCA viable, it also basically eliminates my minimum investment amount per trade. (Used to be RM3000+ for better rates on SunwayMoney and keeping TX cost at around 0.5%)
Obviously, if your stock has shit spread, do not do this. But this is a great boon for investors like me.

TOS2based on my interpretation, you need to withdraw USD from IBKR and deposit into Wise. this will utilize the bank details. just converting from RM to USD won't use those details

can withdraw USD1.