thierry5259,

Why don't you talk or e-mail to your brokerage?? As far as I know, you can direct wire transfer to the A/C?? I always do direct deposit between my US Bank A/C and Brokerage account. And, the US brokerage A/C has the same Routing number and A/C number system that is accessible like the bank A/C.

I use TD Ameritrade. It is NOT the cheapest. But, I do not trade that much so it does not matter to me.

Dreamer

thierry5259:

If you can tell us which brokerage you're using, it may help us to understand why.

I am guessing your US brokerage doesn't take wire transfer, hence that why they require you to have a US bank (as intermediary) for transfer (via ACH). If this is the case, you may go about the snail mail way (by mailing a bank draft to them) if you don't have US bank account.

Btw, I use E-Trade and they take direct wire transfer.

I've dealt with many international transfers, and it's usually hassle free. It just doesn't seem quite logical for me that your broker is making you jumping through so many hoops for you to send money their way. So my logical conclusion was either that you missed something or that your broker sucks.

Find another broker as suggested above, or email the customer service contact and ask what they can do for you.

Is it Foreign Telegraphic Transfer also fall under wire transfer category? the online cimb acc only got Foreign Telegraphic Transfer service

yes, when you want to transfer overseas, fill in the Foreign Telegraphics Transfer form in m2u and you'll be done in less than 5 minutes.

i'm looking for local dealer...pls pm me...interested to buy US share...

DJ jumps like nobody business resulted by Citigroup CEO's memo saying that bank is profitable, sent their shares 34% to north and still increasing at the time of writing..

If only I had it in my portfolio when I mentioned Citi was a good buy few days ago...

I guess they're buying on this rumor..
IMO, Citigroup is very risky now even with the CEO statement - I don't believe him.
If their business is profitable, they should return all the TARP/TALF money.

Just wait for another 6 weeks, when the next quarter earnings come out..
if the losses hasn't increase, it will be a good sign... CitiBank will have further upside.

Good news.. is upstick rule is coming back afterall.

anyone bought FAS ?? surge 30% over.

Thanks

Citi is similar to Maybank in 1998, it's too big to file bankruptcy, look ahead 3 years from now, tell urself what is the price of it then?

That's y i wanna open ameritrade to buy citi for long term investment

Hey guys,

Okay so you are saying that you have successfully send your money to the US broker using FTT (Foreign Telegraphic Transfer).

Let's take optionXpress as an example .

U.S. Dollar ($) Wire Instructions:
JPMorgan Chase Bank, NA
Swift Code: CHASUS33* (International wires only)
ABA # 021000021* (Domestic wires only)
A/C 707660205 optionsXpress, Inc.*
F/C/T [your name here]*
A/C# [your 8 digit account number]*

Bank Address: (wires only - do not mail funds)
1 Chase Manhattan Plaza
New York, NY 10081


There is 2 accounts number provided but in FTT you need to fill in only 1 account number. Which account number did you fill in? Kindly look at CIMB FTT online application form (uploaded). There is no Swift code for me to key in. By the way, under the name of beneficiary's bank , you put the name of OptionXpress or JPMorgan Chase Bank in this case. I need to be clear of how you guy fill in the FTT application online like Maybank2U.


Attached thumbnail(s)

Yes, you're right. CITI is good for long term investment. The more you buy, the richer you will in the future.

Hey, I got some Freddie Mac and Frannie Mae to sell tooo.. very cheappppp..
Definitely those will make one richer than Warren Buffett!

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Added on March 12, 2009, 1:19 pmDude,

Look for IBAN..The IBAN is the same as SWIFT code.



This post has been edited by danmooncake: Mar 12 2009, 01:19 PM

Hi danmooncake,

If IBAN same as swift code then where do i key in the acount number? Care to briefly guide me through the FTT aplication form?

Demo with picture using maybank2u:

http://www.elitetraderfx.com/forum/showthread.php?t=8

Hope this help

Hi dreamer 101,

How did you manage to open an account in US bank? I want to know more about your oversea account? You did open your account in Malaysia right?

Hi Junior 83,

Step #3 is without the beneficiary details and #4 seems to have the beneficiary details.
Here goes , sender details is my detail right & in the beneficiary details i put OptionXpress right but i don't have their ID/password. Last is the beneficiary bank details which is JPMorgan in my case.
What is the transaction description at the bottom?

As far as i understand in the example, Sender from Malaysia sent USD 250 to Bank of West (A/C #762055614) then the bank will transfer the money to Interbank FX. After that ...done? No swift code needed?

When you send ur money to US, you must expect it to drop to 3.3. So make sure ur stock increase that much....kekeke

so why if Citigroup gets nationalized (which they already have?) , that the share will become next to nothing? I am thinking of getting them ,it's already back up to 1.78USD per share now

thierry5259,

I am US resident. I opened my A/C in USA.


T_flash,

1) Citigroup is NOT nationalized yet. US government owned about 37% of Citigroup.

2) If Citigroup is nationalized, US government will own 100% of Citigroup. Existing shareholder will own NOTHING or 0.01% of Citigroup. The existing share will be diluted 10 to 100 times.

Dreamer

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Added on March 16, 2009, 12:53 amgogo2,

I think it is 3.7 now.

Dreamer

This post has been edited by dreamer101: Mar 16 2009, 12:53 AM

dam, the ameritrade response is slow , ady fax them the application form, still pending reply mail to confirm acc open b4 wire transfer... cause me miss the Citi boat, now USD2 ady