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Anonymous

08 Jun 2020

∙

General Investing

Will signing w8ben form to a new broker enable my existing broker to know about the new broker?

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Elijah Lee

08 Jun 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Nope. W8Ben is strictly for that broker only, and in some cases, strictly per account. You have to submit the W8BEN to your broker directly, and they will deal with IRS.

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Francis Lim

08 Jun 2020

No. W8BEN is between you, your broker and the IRS only.

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