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What's the best online method to Wire Transfer to INTERACTIVE BROKERS?
Updated July 29th 2020
mrburns
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What's the best online method to Wire Transfer to INTERACTIVE BROKERS?
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#1 (permalink
Tokushima, Japan
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Hello Futures.io People! :-)https://www.interactivebrokers.com/ https://transferwise.com/ https://www.worldremit.com/
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forestcall
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#3 (permalink
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Thanks Bob -
bobwest
You really need to contact IB for a question like this. Suppose someone gives you their answer, and it's wrong? IB will be able to tell you how to wire them and the wire instructions, and really only them. They are the ones who have to receive the money, after all, and it has to be the way they are prepared to receive it.
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forestcall
Thanks Bob -
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Great thanks for the feedback!!!
mrburns
Living in EU I've been using transferwise (US account) several times as well as SEPA and local currency (Czech Crowns) wire transfers to IB UK and did not experience any issue.
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#6 (permalink
Prague, Czechia
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Oh yeah, that's anti money laundering law dictating that both accounts ( IB and banking) owner name must equal.
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#7 (permalink
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As previously stated, anyone should check with their particular broker for suitable methods. Transferwise is not universally acceptable as I have seen some brokers (eg. Phillip Capital) specifically say it is not.
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#8 (permalink
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mrburns
Living in EU I've been using transferwise (US account) several times as well as SEPA and local currency (Czech Crowns) wire transfers to IB UK and did not experience any issue.
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"You can’t send USD to brokerages or intermediary banks...only checking & savings accounts"
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#9 (permalink
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Etisan
Curious how you do that as Transferwise website says "You can’t send USD to brokerages or intermediary banks...only checking & savings accounts"
screenshot and ACH funding details under "US Automated Clearing House (ACH) Transfer Initiated at IBKR " on IB website pafehttps://www.interactivebrokers.com/en/index.php?f=1544 futures.io mobile app
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#10 (permalink
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@Etisan Interactive Brokers and how to fund trading account with them. I do not see any benefit in mentioning other brokers like Phillip Capital and moving the thread offtopic
Etisan
As previously stated, anyone should check with their particular broker for suitable methods. Transferwise is not universally acceptable as I have seen some brokers (eg. Phillip Capital) specifically say it is not.
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July 29, 2020
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