Bank account for Interactive Brokers

[atze]

Cool...thanks! 🙂

 

[Nyep]

Note that it's easy to pull money from IB, as outlined above, but not so‌ easy to deposit to IB with these EMI accounts. Some of them offer a private‍ IBAN indeed, but when you send money out, it gets sent from a shared account⁠ registered to the EMI itself ("the pool"). Your name/account number may be in the reference/comments⁤ field of the transfer but often that's not enough for IB (basically depends on the⁣ person processing, but most often denied).

TW certainly has this problem. I'm not sure about⁢ MT. Leopay doesn't have this problem, AFAIR.

 

[atze]

Okay...good to know. Then I just need to find out which one works in that‌ direction and which one not. Thanks a lot!

 

[7889]

+ 1 for Georgia, and you don't actually have to go there (although it's︀ a beautiful place), can be done remotely via proper attorney.

 

[Flatworld]

great info~thank you...

 

[happyjohn]

You know an attorney that can do this? what are the costs for the attorney to‍ open the account?

So far I shoot more than 100K euro in 4 months through⁠ Transfer Wise no problems at all.

 

[Nyep]

You fund your IB account via TW Borderless? Is it‍ a personal or business account?

 

[happyjohn]

personal account, works fine 🙂

 

[Nyep]

That's nice, though I don't think‌ it's true for all Borderless currencies. I'm guessing you're funding IB from a Euro account,‍ right?

 

[happyjohn]

Yes it's a EURO account and it's still a live.

 

[Rony]

Does IB accepts TW account statement, when corporate⁠ account is set up with them ? Or is it fine just for later withdrawals⁤ ?

 

[Suzy Emerald]

I used TW for withdrawals and that workes fine

 

[nikolas07]

Hi. Are there any workarounds to fund Interactive Brokers with EMI in 2020? I tried‌ Transferwise but it hadn't worked. I'm trying to transfer USD from Payoneer to IB.

 

[Flatworld]

transferwise not work now?

 

[Whirl]

What you mean by did not work? Did they return your⁠ wire? Or not allowed to add transferwise account as a deposit account?

 

[daxbr]

There was a discussion earlier on this subject and someone mentioned: Independent Asset Managers -‌ CIM Bank's partners

 

[Rod1]

I thought that the deposits to IB had⁠ an instruction "for further credit to [name]" and TW can't process "for further credit to"⁤ transactions?

 

[reesek]

That's one reason and also there could be an address mismatch.

Also aml rules are‌ getting stricter. We solved this by using settlement Iban
You need something to use as‍ a centric account to transfer funds between cards/brokers etc