How to Withdraw from Interactive Brokers | Wise Withdrawal Tutorial

[@ZietInvests]

🔵𝗚𝗲𝘁 𝗙𝗥𝗘𝗘 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝘄𝗶𝘁𝗵 𝗪𝗶𝘀𝗲 (𝘂𝗽 𝘁𝗼 𝗥𝗠 𝟮,𝟱𝟬𝟬) ➡ wise.com/invite/u/weif84 🔴Learn more about Interactive Brokers: www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt

[@radhiajuma9595]

Hi,am from Kenya,av bn trying to withdraw cash from my account to no avail. Am told topay a withdrawal fee of 500usd to so as to withdraw cash from my account, kindly assist me on this like a would like to know if its legit

[@Jonah-gd9me]

I personally convert USD to EUR in IB using currency conversion and then using SEPA withdraw it into my Wise EUR account (No charges from Wise to receive) and then send it to my local currency bank account.

[@ZietInvests]

Wow that's great to know! Seems like you found a way to pay the least fee!

[@victorleong4429]

Assuming your IBKR's base currency is in USD, did you have to change the base currency to EUR before sending to your Wise EUR account?

[@WoonSookFui]

Immidiatel my smash the like button, u paid the 7.50USD just for this video purpose. OMG thank u so much Ziet for this video. Thanks all the throughoutness of the videos, and all the due diligence made. 🙏🏻

[@ZietInvests]

Haha small fee paid but as long as everyone benefited, hell yesss haha!

[@Ming-yr3ro]

up up up ! appreciate so much of ur effort ! this video bring a lot of value !

[@ZietInvests]

Thank you so much Mingfui!!🥰🥰

[@markusbrockmann9599]

Hey Ziet, awesome video. That's what we needed!!! Keep the great work going 👏

[@ZietInvests]

Cheers!

[@vissvash]

@@ZietInvests Hi Ziet, brilliant video - perfect step by step - thank you so much! I want to ask however, has there been an update on this method or is this still the best way to do it?

[@betheone83]

Great video! Can this wise USD account be used for transfer from other countries’ bank account?

[@randomcritique1455]

Always excited to tune in to your Friday uploads. 🙌🏻

[@ZietInvests]

Thank you so much for your support!🥰🥰🥰

[@eugenetang5916]

In other words, when the amount to be converted increases, the conversion fee provided by Wise for USD ➡ MYR is cheaper as compared to that of SGD ➡MYR, if the USD ➡ MYR way can offset the 7.5 USD withdrawal fee.

[@ZietInvests]

That is absolutely correct! (single conversion at superior conversion rate!)

[@benyoudr]

Compliment for Wise speedy money transfer. I use it to fund my FSM One account. Shortfall is wirhdrawing money from FSM One still relies on conventional bank process which cost hefty

[@ZietInvests]

Thank you for sharing your experience, if im not mistaken that's because FSM One has their own Multi Currency Account right? which means we will still be subjected to their currency conversion rate

[@benyoudr]

@@ZietInvests Hi Ziet. Best to deposit money in SGD for FSM One. Once money received, we can convert SGD into currency required on trading certain equity (i.e HKD for hong kong stocks). Still withdrawn money for non singaporean, fsm one only permits done by USD

[@ZietInvests]

@@benyoudr Ah I see. You are from SG or MY? Why not deposit MYR instead and convert later inside their platform?

[@OthmaneHustle]

Thank you so much for such a content . My question is when i am sending USD from Wise to my local bank account , do my bank will charge me fees of conversion ?

[@ZietInvests]

Hi, your banks wouldn't charge you if you send to your local currency, but if you send USD then yes they will convert for you at a bad spread

[@kannanragupathi4651]

Very informative and thanks for all your effort and the money and time you spent for us :)

[@ZietInvests]

More than happy to do that for all of you, Kannan! Stay safe and well!

[@david_lifeandgames]

That means transfer to SG bank method would save 7.50usd. Fuu thats RM30. But nice when withdraw 2k+ USD at one go. Thanks so much for your findings!

[@ZietInvests]

To me, any method that works is the best method, when it comes to withdrawal, the associated fees are okay to bat an eye since we don't really withdraw that often (at least for me) haha! Anyways glad you enjoyed the video, enjoy your Christmas!

[@david_lifeandgames]

@@ZietInvests Merry Christmas to you and family too!

[@ikomatata]

Thanks for the video. Is the Wise fee for receiving funds from IBKR using wire a flat fee? Or does it change with the amount?

[@ZietInvests]

Hi Dennis, it should be a flat fee! I believe they reduce it to 3-4 USD now, instead of 7

[@kellyteo5302]

Tks Ziet !! M starting to go into this exchange as per your recommendation. Hey have a blessed Christmas Eve 🎉🎄

[@ZietInvests]

Let us know how did it worked for you! And have a blessed Christmas ahead 😊🎄🎄🎅🏻

[@joetyler835]

With this video, we can see the Wise method is better for withdrawing and depositing fund from and into IBKR. So now what's the use of CIMB SG? Maybe just to diversify currency savings I guess (and withdrawing less than USD 2000). Great video and thank you.

[@ZietInvests]

Hi Joe, CIMB SG is still a good account to (i) Withdraw huge amount - note that Wise has RM 20K holding limit (ii) Park cash overseas in SGD - rather than bringing back to MYR which is susceptible to higher currency depreciation (iii) Much cleaner to use CIMB SG for most transactions (esp. bigger sum) since your information is shared between CIMB MY and CIMB SG, easier if there's any audit exercise

[@SuperNorakmal]

Thanks ziet! Gonna use this method now for each month :)

[@ZietInvests]

You withdraw that often?! 😱

[@SuperNorakmal]

@@ZietInvests once a month haha but will have to see how much i make first!

[@feedoojacob2403]

This is what iam waiting for ..tqvm ziet

[@ZietInvests]

Glad you liked it!

[@stephenhor3920]

Thanks Ziet, if use this way to withdraw from next year will it be tax by LHDN under the foreign sourced income category?

[@ZietInvests]

If you remit back to a Malaysian bank account, then you need to declare that "income" portion at your tax filing (borang BE)

[@jessiechan2009]

But not for capital gain. Capital gain is not taxable

[@ZietInvests]

@@jessiechan2009 Yup you are correct Jessie - only for the "income" portion!

[@persieprince9345]

You are awesome zeit , always a like from me

[@ZietInvests]

Thank you so much persie!

[@wongthaiyuan7587]

Hi Ziet, I can see that IBKR recently allows transfer to Wise Balance. Is this still similar to your video or that is even more efficient/ cost effective? I am yet to try this IBKR new feature (Wise) but would be great to get your insights.

[@ZietInvests]

Yes you are right! You can check out this tutorial for more: kzbin.info/www/bejne/borIdYdopNFkgZI&ab_channel=ZietInvests I will be doing a cost comparison video with all the existing methods - so stay tuned!

[@familysoh2292]

Hi Ziet, I wanted to ask for your advice regarding the withdrawal of USD to Malaysia through Wise. I tried to create a US account in Wise, but it seems they no longer allow it. As a result, I’m unable to withdraw funds from IBKR to MYR with lower fees. Do you know of any alternative methods to withdraw USD to MYR at a reasonable cost? I’d really appreciate any suggestions or advice you might have. Many thanks 🙏🏻

[@bumble83]

Thanks for the video, it's very useful!

[@ZietInvests]

Glad you liked it!! 😍

[@pato750]

Thanks, it was very useful!

[@ZietInvests]

Cheers!

[@trucmai3000]

Hi Ziet, may I ask if we withdraw the fund from IBKR to wise account, is there any limit amount we can receive in wise account ?

[@thefamilyvlog4875]

Rm20k

[@addyrizalhashim8528]

Now the wire transfer fee to WISE was reduced from USD7.50 to USD4.14.

[@ZietInvests]

Yess! 😁👏👏

[@eclcliez]

Do we able to compare cimb sg to cimb my without wise.? Heard said its very competitive rate

[@ZietInvests]

Hi EK, that is correct, their rates are pretty good - i might just cover it in the near future to show everyone!

[@reviewer7392]

Hi, can you explain some more about IBRK PRO AND LITE, please, I think that the second is only available for US residents, thanks in advance,

[@ZietInvests]

Hi there, that is correct, IBKR Lite is only available for US residents - 0 fee per stock but has higher PFOF, you can refer here where I talked about 0 brokerage brokers: kzbin.info/www/bejne/gJyQc5iClKpobpI

[@InvestingEducation]

Hi can I use wise to deposit USD into ibkr and is there any benefit over just converting within the ibkr platform? And if possible, when I withdraw must I use wise too, I don't want to pay the 7.50 charge

[@ZietInvests]

Hi, yes you cna use Wise to deposit USD straight into IBKR (refer this video: kzbin.info/www/bejne/mnu8q3t7o6ebgNU). You have to compare and check what are the losses with your "just converting within the IBKR platform" method because, it seems like you are funding with other currencies - which might incur more losses due to double conversion. The video above I show the Wise USD wire method against MYR>SGD>USD to fund IBKR. When you withdraw, you don't have to use Wise. This is just a low-cost alternative for almost anyone. Let me know if it helps!

[@InvestingEducation]

@@ZietInvests thanks I saw the other video u did 👍

[@ZietInvests]

@@InvestingEducation cheers!

[@Mnmp96]

Hi Ziet, can we convert our USD in IBKR to SGD/AUD and bank wire it to TransferWise's SGD/AUD balance? It looks like receiving those 2 currencies does not need any fee. Thanks!!

[@ZietInvests]

Hi there, should be possible! Can give it a try! (I would love to try SGD too one day!)

[@jonathanng5245]

Hi Ziet, how to withdraw from IBKR directly to Maybank USD account?

[@ZietInvests]

Hi Jonathan, you will need to get the US bank account detail from Maybank (i.e. Routing number, bank account number etc.) Check with your banker whether Maybank accepts funding from a US bank account (I believe it should work)

[@sambadiop4740]

Thanks Ziet for this video

[@ZietInvests]

You're most welcome buddy! Merry Christmas!!

[@sambadiop4740]

@@ZietInvests Thank you Ziet !

[@lywhkg]

Hello Ziet, the base currency of my IB account is SGD. I have converted some of the fund into GBP. Can I withdraw the converted GBP and transfer the same amount in GBP to my CIMB account in Singapore? I want to hold GBP not SGD. Thank you.

[@ZietInvests]

Hi, if you want to withdraw that GBP, you need to first convert to SGD before you can withdraw to CIMB SG (SGD). To convert, you will need at least 2 USD in base currency (SGD in your case). I'd suggest you to change your base currency to GBP instead!

[@sidbhasin5380]

Is wise the best way to withdraw to an Indonesian bank. Thanks

[@ZietInvests]

You can try that too as long as Wise accepts indonesian customers 😊 can see from their website

[@christopherbin7220]

Hi Ziet, I am thinking of investing into my first stock. Should I wait for the speculated crash/bear market in 2022 and if I invest right now, should I go with tesla, apple or S&P 500 as my first stock?

[@ZietInvests]

Hi Christopher, Dollar Cost Averaging (DCA) will be your best friend in this case, can refer this video: kzbin.info/www/bejne/Y4m4ZWqBodSIbdU In terms of volatility & growth: Tesla > Apple > S&P 500 In terms of stability: S&P 500 > Apple > Tesla So its up to you! Here's my portfolio for your reference (not saying you need to follow): instagram.com/p/CWe6W_EpacS/

[@david_lifeandgames]

Hi bro.. Merry Christmas! Understand that you're more into investing via IBKR now. Can give us any pointers what stocks to invest in? Already following your guide on ETFs.. Hope u can give some insight on stocks instead. Could be in US, SG, HK, CN or any since IBKR can trade internationally. Thanks!

[@ZietInvests]

Hi David, hope you had a blessed Christmas. Love your suggestion - I'm actively structuring such video as different stocks might come with different risk & volatility characteristics - which could be difficult for the different type of audience I have. But yes - it's something that I might just do in the very near future!

[@david_lifeandgames]

@@ZietInvests thanks bro.. Looking forward to them!

[@wengkeongwillieyew7317]

Hi Ziet. Are the steps going to be the same to TSG too?

[@ZietInvests]

Hi Willie, that is correct!

[@HFSoo]

How about IBKR to CIMB SG to CIMB MY? Actually the rate for CIMB SG to CIMB MY is quite competitive.

[@ZietInvests]

I have not tried the FX rate for CIMB SG to CIMB MY - so i heard their rates are pretty good. But having seen the rates on CIMB MY to CIMB SG - they are really terrible, to say the least!

[@samuelzev4076]

Can i use this same method with wise to withdraw USD to my USD bank account in my local bank?

[@ZietInvests]

Hi Samuel, you have to check with your bank whether they accept incoming USD, if yes, then why not!

[@ohs6548]

Great videos, appreciate the details! Do you also compare "Cimb SG > Cimb MY" vs. "Wise > MY Bank"?

[@ZietInvests]

Hi there! I have not done that comparison, though it is something that I can do next time! ^^

[@ohs6548]

@@ZietInvests Awesome,a ppreciate it! :)

[@saufi262]

Hi Ziet, how about I withdraw from IB using AUD (Electronic Funds transfer) to my Wise AUD multi-currency account 🤔? I using the inside AU details. Since got no fee to receive, do you think this method doable and ok ke? 😂 sorry I'm figuring the best method. Tq dor the abve vid

[@ZietInvests]

Hi there, transferring funds from your Interactive Brokers account to your Wise (formerly TransferWise) multi-currency account in AUD should generally be feasible. Since Wise doesn't charge a fee to receive money, you could potentially save on fees with this method. However, you should consider any possible currency conversion costs in IBKR and ensure that the details provided match your Wise account. Your best bet is to confirm this approach with their customer support to be sure!

[@se125]

How abt funding? Would it be cheaper if we deposit directly via wise in USD or wise + CIMB SG?

[@vanny8641]

He did a comparison video on the two methods, pretty sure the deposit directly via wise is cheaper but it'll be best for you to check it first

[@se125]

@@vanny8641 thanks!

[@ZietInvests]

Yuppp can check out this video: kzbin.info/www/bejne/mnu8q3t7o6ebgNU

[@cwk18]

You will come into risk of money laundering if you deposit via wise, not worth it.

[@julieli9934]

My IB and Wise accounts are not linked so I can't make any withdrawal from IB to Wise. Can you please tell me how to link these 2 accounts. I have found many KZbins telling how to transfer funds to IB but can't find any topics of how to connect these 2 accounts. Thank you.

[@AliHassan-dt6tq]

Can we send and receive payment from any broker using bank wire through wise transfer is there will be any issue from wise? Thank you

[@ZietInvests]

Hi Ali, it would depend if the broker recognizes funding from 3rd party. As far as i know, TD Ameritrade does not recognize Wise

[@gamedesign007]

The SEPA is the only way to send daily Withraw for cheep. SEPA is only works for the EUR currency. After the first Withraw 1 EUR/Withraw. The ACH is not allowed for wise as I see.

[@ZietInvests]

You're correct. SEPA is a great low-cost method for withdrawals in the Eurozone, especially after the first free withdrawal per month!

[@IsaacNgui]

Since the 7.5USD fee is only for USD wire transfers, wouldn't doing USD -> SGD in IBKR then transferring to a Wise SGD account then from Wise SGD -> MYR be the same price as the CIMB method? Except now there's no need for a CIMB SGD account

[@ZietInvests]

Hi Isaac, you are spot on - the mechanics are right, using IBKR USD > SGD then only transfer to Wise SGD would be cheaper/if not the same as CIMB SG method, though CIMB SG gives a higher holding limit compared to Wise yea, thats the only limitation I can think of.

[@ranjinirajainfilm]

Hello firstly thank you for all your useful videos:) I'd like to ask if i receive USD from another country, is it better via wise or straight to a local bank? as in the whole process of them sending me and then me withdrawing it and depositing it to my bank?

[@ZietInvests]

to a local bank will always be the best option, wise is an alternative for people without a USD bank account

[@denisesim1984]

Can i use this for think or swim asia?

[@ZietInvests]

Cannot :x TDA SG dont support Wise

[@CodeCrafted1008]

Wonderful tutorial! But 7.50usd is about RM31. Still quite expensive 😓

[@ZietInvests]

But how often do you withdraw! haha

[@jonathanyeap5459]

Thank you for your content

[@wintrade2974]

Hey Ziet, what is the cheapest way between i use ibkr--->wise--->RM and ibkr ---> cimb sg--->cimb my ???

[@ZietInvests]

Hi, in my opinion: IBKR > CIMB SG > CIMB MY is the fastest with no delay in between. But cost wise perhaps IBKR > Wise > MY Bank is slightly better

[@aliaissani9114]

Hello bro What is the minimum deposit from wise to interactive broker

[@ZietInvests]

Hi Ali, no minimum deposit😊

[@aliaissani9114]

@@ZietInvests thank you bro

[@ZietInvests]

@@aliaissani9114 welcome!

[@dfragoso]

Thank you! 🙏

[@ZietInvests]

You're most welcome Dave!

[@mznlzm4624]

on step 4, why cant we convert it first to myr, then transfer to our local bank?

[@ZietInvests]

Can also, its the same

[@mznlzm4624]

@@ZietInvests so that is still consider as international transfer?

[@nasruddinmuhammad]

It is possible to Bank wire direct to Malaysia Bank wire Account , has you tried it?

[@ZietInvests]

Possible! Can refer this video where i withdraw to MBB: kzbin.info/www/bejne/bIWtlH2rq9ODa8U

[@cavenboyz]

Hi Ziet, for transfer to USD, we use ACH in IBKR. But how about HKD? There is only Bank Wire option in IBKR if we want to deposit in HKD currency. Moreover in the "Open a Balance" in Wise with HKD, it have this little note "You'll be able to hold HKD to pay for future transfers. You can't add HKD directly but you can still get HKD by converting it from another currency in your account." Is this means I can't add HKD directly?

[@ZietInvests]

Hi Elvin, I believe you can only bank wire HKD directly into IBKR, or convert it inside IBKR from another currency to HKD. On Wise - I have not tried using the HKD balance yet, try and see if you can initiate deposit from Wise HKD to IBKR (it might prompt you to pay in another currency say MYR, just my guess!)

[@TravelForTruth]

I have been with IB for about a year now. I have yet to see any gains (it has been a rough year). Having said that, I am wondering how might one withdraw eventual profits from my fund? I know withdrawals come from 'settled cash'. I mean, will my profits (when they hopefully come) automatically go to my 'settled cash' for me to withdraw?

[@ZietInvests]

Hi, when you sell your stocks at a profit, you are realizing that capital gains, hence it will show in your account as increased amount from the initial cost that you pay for your stock. For example you bought AAPL at 150 USD, and 2 years later you sold it at 200 USD, your net gain would be 50 USD, and you will see 200 USD in your account, in cash. Once it settles (T+2 days), you can then withdraw that 200 USD! Hope this clarifies!

[@wmchow72]

If I am a Singapore investor , any benefits to use WISE account to transfer or withdraw money from IBKR?

[@ZietInvests]

Hi Rachel, nope, will be better to just fund using your SG bank account directly. That said, you can still benefit from the Wise Card, can refer this video: kzbin.info/www/bejne/bl6VnHyCZrtosNU

[@woodliao317]

hi ziet, how to set up wise with USD, i do hv USD currency rate but how come, still cannot withdraw from IBKR ? AS THEY SHOW ME BELOW "Your Wise account is not currently configured to receive USD. Please log in at Wise and add USD account details"

[@seansim2529]

Hi Ziet, for the WISE , what it menas by holding limit - Rm20k only? means the WISE not allow us to transfer more than Rm20k ? or holding Rm20k in account? what if I transfer Rm30k to WISE then I transfer this Rm30k to my Malaysia bank account at the same day, will my account get FROZEN?

[@ZietInvests]

Hi Sean, if you transfer more than RM 30k to Wise, you will be warned (by Wise) to withdraw within 7 days, not impossible, but i would refrain from receiving too many warning yea, they have to comply with their approved limit that is RM 30k in MYR balance.

[@seansim2529]

@@ZietInvests ok thanks for that bro, but I think we wont get too many warning as we wont withdraw from IBKR too often

[@ZietInvests]

@@seansim2529 Do check with Wise just incase! Not sure if they have any updated policy on warnings!

[@borneotrades]

does IB has footprint chart?

[@ZietInvests]

footprint chart = ? sorry this is my first time hearing this

[@borneotrades]

@@ZietInvests, FP looks what are inside the candlestick, interaction btw buyers and sellers, who is in control, buyers or Sellers? I think Sierra chart and ninja have we need to pay premium package. There are few provided just software but not cheap, some very very expensive lah. small fees I don't mind, less than 100$ per month. Thanks.

[@nhanhuynh7777]

Hi Ziet, thanks for your video. I followed your steps and it works perfectly. But after that, IBKR sent me this warning "This is a warning regarding your deposits. Please refrain from making future third party deposits. All deposits should come from an account under your name" => Did you face the same warning like me :(

[@ZietInvests]

Hi there! Don't worry, that's the standard warning that they send out for those that uses the Wise deposit method. What I would suggest you to do is to: 1. Keep the receipt of the transaction incase of audit 2. Ask IBKR customer support directly via live chat if they are okay with the Wise funding method (show them the transaction proof) Hope that helps!

[@qihengchoo4574]

Can someone help me for setting this up? When I want to withdraw, the page shows "Your Wise account is not currently configured to receive USD. Please log in at Wise and add USD account details". I have no idea how to add USD account details on Wise.

[@werenphan]

Hi I need to ask this, what if I died, how could my wife or children withdraw from my account? Genuine question 😀

[@ZietInvests]

Hi, can can, or you can setup your will with a lawyer (and contact IBKR customer support) so that your next of kin can process it easily

[@oldergod]

Thanks mate

[@ZietInvests]

Cheers mate!

[@zubairakhtar6962]

Can i withdraw it using payoneer account

[@ZietInvests]

I dont think thats possible :x

[@merangboy]

I am first

[@ZietInvests]

🥇🥇🥇

[@alexchan1155]

I saw your trf to Malaysia bank in WISE, u still put Yr name Wei Zeit Fong while Malaysia bank will recognised your name as Fong Wei Zeit. There is no issue on this?

[@ZietInvests]

Yup should be no issue

[@david_lifeandgames]

the account number/routing/swift code etc is more important.. banks don't check on those extra comments/reference you entered.

[@bonikaston7032]

Thanks man .

[@ZietInvests]

You're most welcome!

[@ericcte3781]

Hi Ziet ,,need your help ,,i made first time witdrawer from IB to WISE ,,,but still not receive the fund ,,,2/11 til now 7/11,,,IB status that already sent and clear but WISE yet to receive,,,what shall i do now

[@ZietInvests]

Hi Eric - i believe you should have received it by now! :)

[@ericcte3781]

@@ZietInvests yes yes.... first time withdrawer may take some time to verify ... after that record... within an hour for each withdrawal.. thank you

[@huangxingyan]

comment before watch it ,,, lol

[@ZietInvests]

Hehe hope you liked it! 😁

[@funnymoment9164]

Thanks!

[@ZietInvests]

You’re most welcome!

[@MrCurrybean]

by using this way to withdraw money, will bank asking where is the money coming from? bcos last time i direct wire 3000usd to my public bank account, they asking me to show doc where the money is coming from, and they hold my money for about half a month.

[@ZietInvests]

Hi there, the reason they asked is due to anti-money laundering compliance, especially when you wire money from foreign sources. If you have proof to substantiate then shouldn't be an issue.

[@netanelOnline]

Isn't it suppose to be free receiving those 100 Dollars into WISE account, like wise say in it's website (that it's free to receive money), so how come he paid those 7.5dollars for the deposit from IB to WISE ?

[@ZietInvests]

For some reason Wise charges USD 7.5 for any inbound USD wire transfer

[@ashchbkv6965]

@@ZietInvests Could it be because your IB account is Singapore based and Wise USD account is US?

[@sagarn637]

Im from india ...wise didn't provide me any bank account details please help

[@ZietInvests]

Hi Sagar, have you verified your account yet? Additionally, try asking the live chat support ;)

[@jcm5404984]

I find IBKR a bit difficult. I have been using TDA and Webull and setting the ACH link is easy. Only recently that TDA and webull has stopped supporting account maintenance in my country that I am considering IBKR. I useally does withdrawal on a weekly basis in less than $1000 so the fees matter to me. But i guess, i have no choice but dance into new tune.

[@ZietInvests]

IBKR does have a steeper learning curve, but it's totally worth it - most of us never looked back after using it!

[@Huss67]

🙏🏻🙏🏻

[@ZietInvests]

🥰

[@HADJKHALED]

Hi ziet. Quick question, is there a limitation to the amount withdrawn from IBKR to WISE, does it being limited to the amount deposited by the same methode (wise) As its an electronic fund transfer. Example : if i deposit a 1000$ by wise. Can i withdraw 1200$ from IBKR to wise? Does someone tryed it?

[@ZietInvests]

Hi Khaled, no, they are not dependent on each other - but you have to wait for freshly deposited funds to settle before you can withdraw (using any method)

[@rtheace]

WISE got the cheapest fees comparing others by far from what i experienced.

[@ZietInvests]

I believe that is the case! So far from what I read, InstaRem and BigPay comes close but still not as good as Wise!

[@ultimatejy9393]

I notice in my Wise USD account, it shows receive wire transfers only charges 4.14 USD, anyone could confirm or im just the special one ? HAHA

[@ZietInvests]

Nani @@ how much did you received

[@ultimatejy9393]

@@ZietInvests I havent done any USD wire transfer yet, but from my Wise USD account, tap on Account Details, and from there, it shows “There‘s a 4.14 USD fee to receive wire transfers”, is there any hidden charges other than this?

[@ikomatata]

​@@ultimatejy9393 I noticed this too, yet Ziet was charged almost 8 dollars. It's the only thing I would want to get clarity on before I decide to open an IBRK account.

[@ultimatejy9393]

@@ikomatata ziet have confirmed in his IG the fee have revised😝

[@ikomatata]

@@ultimatejy9393 Awesome. It was confusing.

[@UrbanSyed2904]

Nvm, found this vid xD

[@ZietInvests]

Haha okay XD

[@soniakhameed3412]

Please tell me fees i withraw 5000$ tell me fees ibkr withrawl to wise fess tell me please

[@ZietInvests]

you can check on their website! (try check out your cart)

[@ekynnicholl_15]

Hello... can you please reply me on Instagram? Thank you. I did send you a message regarding IBKR broker

[@ZietInvests]

Replied!

[@louielooyi]

But transferring sgd back to myr can be much cheaper via cimb, right?

[@ZietInvests]

That is correct, sometimes CIMB SG to CIMB MY rate is not bad at all, though their difference versus Wise is minimal

[@louielooyi]

@@ZietInvests i thought the difference is huge?