Use telegraphic transfer. Pay higher exchange rate + TT fees + intermediate fees.
If you have access to sg bank account, you can try FAST transfer even though on paper it mentioned that they accept only DBS/POSB.
Keep in mind TD conversion fees is not as cheap as IB.
I have access to SG Bank (only CIMB SG) to fund for my IBKR but never try what you mentioned to TOS. I wrote to TOS and got feedback that I can only wired transfer to their bank account in US. Below is their reply for those who are interested:
Hi <name>,
This method of electronic transfer is for DBS/POSB bank account holders only.
If you are sending funds from other banks, you will have to do a wire transfer to our Wells Fargo account directly.
You may refer to our website for more funding information.
https://www.tdameritrade.com.sg/why-td-amer...nd-funding.htmlDo take note of the following when wiring your funds over.
· We cannot accept third party wires. Funds must be wired from a bank account that is registered under your own name.
· Funds sent to Wells Fargo Bank MUST be sent denominated in US Dollars. Funds received in non-US dollar denominations will be returned to the sending account
· Deposits directed from a currency exchange will not be accepted and will be returned.
· Please note you may be asked to provide a bank statement verifying ownership of the bank account for the incoming wire. Feel free to submit this now to avoid any delays in posting your funds.
Overseas Transfer
Beneficiary Name : TD Ameritrade Clearing Inc
Beneficiary Address: 200 South 108th AVE Omaha, NE 68154-2631
Beneficiary Bank : WELLS FARGO BANK NA
Bank Address: 420 Montgomery Street, San Francisco, CA 94104
Bank Country: United States
Bank Account Number: 4123214561
Bank Country: United States
Swift Code: WFBIUS6SXXX
REMITTANCE AMOUNT : USD
Charges Borne By: Applicant (Local and Overseas charges fully borne by Applicant)
Payment Details/Further Credit To
Full Name As per NRIC/Passport
TDA SG account number 220XXXXXX
You can retrieve your 9-digit TD Ameritrade account number by logging into www.tdameritrade.com.sg and look up under "Account Centre > Account Summary" or locate it at the top left corner of your thinkorswim desktop trading platform.
<name>
TD Ameritrade Singapore Pte. Ltd.
===================================
Hi there,
From
https://www.tdameritrade.com.sg/why-td-amer...nd-funding.html I could only see electronic transfer can only be done by DBS or POSB.
For my case, I only have an account in CIMB and I have no plan to open another bank account in near future as I am not staying in Singapore. Kindly advise how do I fund my thinkorswim account from CIMB.
Thanks.
Regards,
<name>
Have anyone tried to fund TOS using WISE? Can you share the experience and total cost?
Nov 24 2021, 03:33 PM
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