facebookCan the USD in my SCB US Security Settlement Account be transferred into IBKR directly? - Seedly

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Anonymous

10 Jul 2021

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General Investing

Can the USD in my SCB US Security Settlement Account be transferred into IBKR directly?

SCB US Security Settlement Account be transferred into IBKR

Discussion (2)

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No, not possible.
I checked with the helpline before.

Only for online trading purposes.

Chris

11 Jul 2021

Owner and Writer at Tortoisemoney.com

I'm not 100% sure, but I believe that the US Security Settlement Account is only authorised for internal use, i.e., for transferring from USD to SGD (and vice versa) within your own SCB accounts. This means that I don't think it's possible to transfer money out of this account to another bank. I would think you might have better luck if it was say, USD$aver or FCY$aver account.

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