Hi, planning to open interactive brokers account. What is the best recommended way to transfer money to it? - Seedly
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Asked by Harshit Chheda

Asked on 05 Jul 2019

Hi, planning to open interactive brokers account. What is the best recommended way to transfer money to it?

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Interactive brokers provide you with a local bank account number. Do note that this number may be different from another Singaporean who opens an account, they have separated accounts.

Do a local FAST transfer of SGD, with no extra fees no nothing.

Take your SGD to convert into USD or whichever currency in IB for the best forex rates, way better than most banks.

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Beng Kiong Neo
Beng Kiong Neo
Level 2. Rookie
Updated on 24 Jul 2019

They will provide you with a Citibank bank account number,

Simply go to Funding once you created your account, indicated how much you are funding, they will give you the account number and you Proceed the transfer normally through your bank transfer.

It should take 1 or few working day for it to reflect in the acc.

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Beng Kiong Neo
Beng Kiong Neo

on 21 Jul 2019

Its a local Account Number. i funded my Account with SGD, and converted SGD to USD.
Harshit Chheda
Harshit Chheda

on 24 Jul 2019

Great, Thanks for your help.