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Any interactive brokers user here?
I am planning to have monthly recurring transfer to Interactive brokers for purchase if Vusd... However, I find it hard to deposit money into it. I tried with a small sum. And the money still have yet to be deposited into the brokerage. Does anyone knows if the bank wire for deposit and withdrawal work with ocbc bank other than dbs as I can only find that online.
Many thanks in advance
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thefrugalstudent
21 Sep 2021
Founder at thefrugalstudent.com
Hi Astelle,
There shouldn't be any reason why transferring from OCBC wouldn't be possible. I don't have experience doing so myself as I use DBS (usually completed within hours). For other banks, it may take longer, but if it's been anything more than 2-3 working days you may want to give them a call to check.
Also, you may want to double check that your transfer details are correct and that you included your IBKR account number in the transfer notes to expedite the funding process.
Hope this helps!
Regards,
thefrugalstudent
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Not sure if this helps, I created my account recently. However, I fund it through my DBS account. I ...
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Yes I use OCBC for monthly recurring transfer and it works. The transfer came in the following day.