What's the best online method to Wire Transfer to INTERACTIVE BROKERS? - futures io
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What's the best online method to Wire Transfer to INTERACTIVE BROKERS?


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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! :-)

What is the best online method to wire transfer money to https://www.interactivebrokers.com/

Here are a few I found but have not tested.

https://transferwise.com/
https://www.worldremit.com/

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forestcall View Post
Hello Futures.io People! :-)

What is the best online method to wire transfer money to https://www.interactivebrokers.com/

Here are a few I found but have not tested.

https://transferwise.com/
https://www.worldremit.com/

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.

Bob.

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  #3 (permalink)
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Thanks Bob -

I was just curious if people had used any of the services to wire instead of a bank.

I just went ahead with a bank, like I always do.

Cheers ~


bobwest View Post
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.

Bob.


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  #4 (permalink)
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forestcall View Post
Thanks Bob -

I was just curious if people had used any of the services to wire instead of a bank.

I just went ahead with a bank, like I always do.

Cheers ~

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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  #5 (permalink)
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Great thanks for the feedback!!!

Recently made the mistake of using my wifes bank and the money was sent back. Might go with Transferwise soon.....

Thanks!


mrburns View Post
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.
forestcall View Post
Great thanks for the feedback!!!

Recently made the mistake of using my wifes bank and the money was sent back. Might go with Transferwise soon.....

Thanks!

Sent using the futures.io mobile app

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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)
London UK
 
 
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mrburns View Post
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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Curious how you do that as Transferwise website says "You canít send USD to brokerages or intermediary banks...only checking & savings accounts"
Transferwise do not support "for further credit to ..." instructions either

Thanks

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  #9 (permalink)
Prague, Czechia
 
 
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Etisan View Post
Curious how you do that as Transferwise website says "You canít send USD to brokerages or intermediary banks...only checking & savings accounts"
Transferwise do not support "for further credit to ..." instructions either

Thanks

See screenshot and ACH funding details under "US Automated Clearing House (ACH) Transfer Initiated at IBKR" on IB website pafe

https://www.interactivebrokers.com/en/index.php?f=1544



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  #10 (permalink)
Prague, Czechia
 
 
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@Etisan in the start question there is explicitly mentioned 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 View Post
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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