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Anonymous

24 May 2021

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Is there any way to withdraw USD from IBKR(interactive brokers) to SG local bank without telegraphic charges?

Is there any way to withdraw USD from IBKR(interactive brokers) to SG local bank without telegraphic charges?

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Tan Choong Hwee

24 May 2021

Solutions Specialist at Providend

No, the only way to withdraw USD from IBKR to SG local bank is thru TT (or Wire Transfer in IBKR terminology).

There are other withdrawal methods called ACH/GIRO. ACH is for US bank transfer, whereas GIRO is for SGD only. You can convert USD to SGD and then transfer SGD to SG local bank using GIRO.

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