I tried making a fund transfer from IBKR to Maybank but was told that i need to get a Correspondence Bank in order to make the transfer. The Maybank SWIFT code isnt accepted by IBKR. I called and spoke to Maybank and they couldnt provide a solution.

Has anybody here done such a transfer from IBKR to Maybank? Please advice.


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You need to be soecifi5to Maybank. What is Maybank US correspondence address not Maybank swift code.

try cimb sg, I was told this works

Have you done a similar transfer from IBKR to Maybank Malaysia?

I cant try something which i dont have access to. I have a Maybank Malaysia account which i want to transfer funds to from the US.

No. But I have experience transfering money overseas and I got a shock at the amount they charge. Cause all Asian banks have a intermediate bank that also take a cut of the money. So you need to know who is that intermediate bank is.

Well then time for you to open an account to make your life easier.

make cimb my account
next make cimb sg account

How to open SG bank account when im not residing or working in SG? Plus later still need to transfer to Malaysia.

CIMB sg allows u to open without leaving malaysia. as long as u have monthly statements from investment account (or roboadvisor account). & your salary payslip

refer to ziet's video on how to open CIMB sg acct https://www.youtube.com/watch?v=mXjaob63K2w

@cybermaster98

do let me know the transfer method you use once you are able to transfer the fund back.

bill11 if it's not too much, just withdraw to Wise then convert to MYR (Wise is Plan B. Plan A, is to open a CIMB sg bank account)

This post has been edited by Medufsaid: Oct 31 2023, 05:01 PM

Wise temporary disable the USD account for retailer.
You can see here. That is why i asking, whether anyone tried their debit card etc ?

https://wise.com/help/articles/2827506/how-...account-details

I have yet to attempt a transfer back to Malaysia.

Only affecting new accounts 🤦‍♀️ those with existing no issue

Unker just want to let you know that:
1) the swift code is not complete
2) you can have a swift code by asking the branch/telephone
3) not worth to have USD/MYR transfer…go open a multicurrency account

As per my post, the SWIFT code is not the issue. Even with multi currency there is still the need to do the first conversion to USD. Im only withdrawing funds years down the road.

Ok

Fyi, I did a test transfer from my TD Ameritrade US account to my Maybank MFCA account. USD to USD. No issues. Only needed Maybank Swift code - MBBEMYKL, and all the other standard stuff - account number, reason, etc…

wise enabled already I think. Able to transfer?

enabled but havent try to transfer back yet.

Excuse me for digging your old reply.

It is possible for you to let us know of the fees incur for transactions? Between Maybank MFCA.

Quite intrigue.

AthrunIJ while waiting for Mattrock, is this comparison sufficient for you?

This post has been edited by Medufsaid: Feb 19 2024, 09:09 AM

Hmm, seems intriguing.

See if there is any hidden fees and some currency rate.

he is sending usd and receiving usd into mfca... no fx conversion...

O yea hor.

Crap. Ma brain fart

Haha.

Thanks.

Which mean maybank to maybank fx conversion is the bank rate then..

Hmm, possible to use with wise to reduce the rate?

Intriguing