AMP account funding/withdrawal via ACH with Transferwise - futures io
futures io



AMP account funding/withdrawal via ACH with Transferwise


Discussion in Brokers

Updated
    1. trending_up 3,072 views
    2. thumb_up 9 thanks given
    3. group 1 followers
    1. forum 1 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Closed Thread
 
Search this Thread
 

AMP account funding/withdrawal via ACH with Transferwise

(login for full post details)
  #1 (permalink)
emmett
Christchurch
 
 
Posts: 42 since May 2020
Thanks: 28 given, 20 received

Hello all,

I'm positing this here so that it might help anyone else searching for an answer about AMP accounts and Transferwise.

I live in New Zealand and wanted to know whether I could fund my AMP U.S. account (not a Global account) with USD via ACH using Transferwise.

The answer from AMP is 'yes', and you can also withdraw from your AMP U.S. account using ACH to Transferwise.

This means a few things for non-US residents who have a AMP U.S. account:
  1. You can use Transferwise's very competitive exchange rates to convert your currency to USD before funding your AMP U.S. account
  2. You can avoid your bank's wire fee by using ACH to fund
  3. You don't need to pay US$30 for each wire withdrawal from AMP
  4. You can use Transferwise's exchange rates to convert your withdrawals to your own currency before transferring to your personal bank account.

All in all, it means $$ saved!

Cheers

The following 7 users say Thank You to emmett for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(82 thanks from 13 posts)
looks_twoSalao's Journalby Salao
(25 thanks from 6 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(25 thanks from 9 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(12 thanks from 7 posts)
looks_5Maybe a little bit different journalby Malykubo
(7 thanks from 5 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
futures io site changelog and issues/problem reporting
76 thanks
The Crude Dude Oil Trading System
73 thanks
Would You Sell Your System?
71 thanks
FIO Journal Challenge - April 2021 w/Jigsaw Trading
35 thanks
Big Mike in Ecuador
31 thanks
 
(login for full post details)
  #2 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,973 since Jun 2009
Thanks: 32,440 given, 98,180 received

Please use the main AMP thread:



Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal
The following 2 users say Thank You to Big Mike for this post:

Closed Thread

futures io Trading Community Trading Reviews and Vendors Brokers > AMP account funding/withdrawal via ACH with Transferwise


Last Updated on May 17, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
 

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts