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Investment TD Ameritrade Singapore, Withdrawal and Funding

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Ramjade
post Feb 20 2021, 12:21 AM

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QUOTE(red streak @ Feb 20 2021, 12:20 AM)
Ugh if kenot use fractional shares on the whitelabels then no point loh. I was considering opening an IKBR account to park my long term funds in US stocks. Even took half a day off to reopen my CIMB account after all of them went dormant.
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Slow and steady. Once you have usd200k (margin of safety in case market drop by 50%) then you transfer over to pure IB. That's what I am doing anyway. Slowly collecting until reach Usd200k then make the switch.
Ramjade
post Feb 20 2021, 07:39 AM

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QUOTE(JohnL77 @ Feb 20 2021, 12:25 AM)
Thanks for the info. So can open SG Maybank account online?

Can transfer to IB using MY Maybank? Kena fees?
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Go read the respective threads for more info.
Ramjade
post Feb 20 2021, 08:30 PM

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QUOTE(JohnL77 @ Feb 20 2021, 07:01 PM)
Ok, thank you. Kinda sneaky this TD. Their website only stated withdrawal fee $25. If every deposit also kena $25 then die la for poorfags like me.
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It's from Malaysian side. Nothing to do with TD.

This post has been edited by Ramjade: Feb 20 2021, 08:30 PM
Ramjade
post Feb 20 2021, 11:00 PM

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QUOTE(JohnL77 @ Feb 20 2021, 08:35 PM)
Currently reading the IB thread.

But I'm curious whether this method will work to avoid the $25 fee?
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Don't waste time trying to go through so manny hoops. Pick one.

Either you suck up to TD and don't withdraw so much.
Or go the IBKR way.
Ramjade
post Mar 16 2021, 09:54 AM

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QUOTE(xerxesbear_1 @ Mar 15 2021, 07:51 PM)
Thanks for the correction Ramjade. I just want to ask if there a withdrawal limit with TDA?

I was funding by IBKR account by using the method below

[Maybank acc] -> [instarem] - > [US Account] -> via ACH -> IBKR (whitelable)

but the settling time for the money is like 1 week. Is there a faster way to fund?
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No unless you have a DBS/POSB bank account.
Ramjade
post Apr 17 2021, 07:25 AM

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QUOTE(yudhi @ Apr 17 2021, 06:27 AM)
Hi there,

Anyone can share what is the fastest period your account verified when you created TDAsg new acc?
Its been a month since I create account, but no feedback on verification yet.
or perhaps anyone can share if there's anything can be done to speed up the process.
I ask TDA FB support chat with live agent, but seems the agent doesn't cater for TDAsg which means TDAsg has no live agent support. CMIIW. :confused:
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Is just one month. Minimal wait is like 3 months. So yeah you still got very long to go.

Just continue waiting or go with moomoo/Tiger.

This post has been edited by Ramjade: Apr 17 2021, 07:26 AM
Ramjade
post Apr 30 2021, 11:46 AM

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QUOTE(lambsauce @ Apr 30 2021, 11:34 AM)
hi i just opened account

to fund,

if use maybank transfer, charges is USD$10 + $25 wire?

if use cimb, charges also same?

no points using cimb sg to fund right? coz charges even higher?

Ramjade TOS allhafiez
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Which Maybank? SG or MY Maybank?
Which CIMB? SG or MY CIMB?

Keep in mind some sg banks allow you to deposit cheques which is free but take longer time for money to clear.
Ramjade
post Apr 30 2021, 03:31 PM

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QUOTE(lambsauce @ Apr 30 2021, 11:34 AM)
hi i just opened account

to fund,

if use maybank MY transfer, charges is RM10 + USD$25 wire?

if use cimb MY, charges also same?

no points using cimb SG to fund right? coz charges even higher?

Ramjade TOS allhafiez
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If you use Malaysian banks
Get ready to pay more than that. Get ready to pay say extra 3% (markup on currency conversion by Malaysian banks).

Not really. If Singapore banks can do echeque for SGD you will get cheaper than using Malaysian banks. You need to ask CIMB SG via emailing their customer service and see if they support eCheque.
Ramjade
post May 1 2021, 03:59 PM

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QUOTE(IJustWantToAsk @ May 1 2021, 03:40 PM)
Why is it so far to use CIMB to masuk duit in TDASG?
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What do you mean by so far?
Ramjade
post May 2 2021, 01:39 PM

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QUOTE(wongmunkeong @ May 2 2021, 01:23 PM)
Anyone having issues logging in since Sat morning till today via Windows desktop application & mobile authenticator?

When logging in, as usual - userid & password on the desktop application BUT when authentication / approval via mobile, issues

I've been getting issues with the mobile authenticator - when it pops-up by itself and i select approve
user posted image
BUT
when it's open and running, it will not show any request to approve log-in.

Note - my DNS is using google's DNS + i've also tested with VPN (surfshark) - both methods also no issues last week.
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Use VPN to access. This week TD like got problem. Maybe it's effect of Malaysian govt blocking TD.
Ramjade
post May 3 2021, 10:43 AM

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QUOTE(IJustWantToAsk @ May 3 2021, 09:52 AM)
sorry, its so hard
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CIMB malaysia.or CIMB SG?
If CIMB SG, ask customer whether can issue eCheque or not? I saw something like CIMB issuing eCheque.
Ramjade
post May 3 2021, 11:17 AM

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QUOTE(IJustWantToAsk @ May 3 2021, 10:50 AM)
cimb msia, i even call customer service and they said "just try and error see if it works or not" doh.gif
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Could be because Malaysian govt banned TD. So banks are not supposed to do business with those banned companies. Just speculation on my part.
Ramjade
post May 5 2021, 09:59 AM

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QUOTE(wongmunkeong @ May 5 2021, 09:48 AM)
Good lord.. really mobile phone app Authenticator issue. Once i called TDASG - it was apparent/known issue. They de-linked it to allow log-in without authenticator - walla! kow tim
Very knowledgeable helpdesk BUT i think they are swamped - waited nearly 20 mins to get through.. oof.. my phone call cost.. bwhaha
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Use hotlink prepaid IDs calls. Only cost RM0.12/minute I think. Of course must dial IDD code or else you will be charged normal rates.

I have hotlink just for calling sg. biggrin.gif
Ramjade
post May 5 2021, 10:50 AM

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QUOTE(TOS @ May 5 2021, 10:30 AM)
You got suggestion for HK ah? My Hang Seng bank account got locked out 2 days ago just because wrong password for 3 times, need to dial directly from here, cost me like 8-10 ringgit within half an hour...
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Same. Hotlink IDD.Only RM0.12/min.
Alternative Skype credit. Heard it's like 1c/min
Ramjade
post Jun 7 2021, 06:25 PM

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QUOTE(Brandonlow1231 @ Jun 7 2021, 01:55 PM)
Hi All,

I have been investing with TD Ameritrade for multiple years by myself and thought of consistently funding my account and acquire more position in great companies for long term purpose such as 10 – 20 years timeframe.

As of now the SC have put TD into the banned list and I still using it for my investment, does anyone know whether retail investor need to declare ourself to any financial bodies mentioning that we are investing overseas?

Because I would not perform any withdrawal unless I needed it and I had the concern if one day I would to liquidate the entire account and transfer back the funds to Malaysia, would I be question that I did not declare myself etc.

If there are such process, please let me know and I would willing to do so instead of investing 10-20 years later been told the money to be freeze for further investigation etc.
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Just declare in your income tax filling that you have money overseas. SC ban is more political than justified.

 

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