Does IB charge any fee for International wires out?

N

Nana Trader

Why most US brokerage charge 50$ for every wire out?
I pay just 10$ to send my fund from overseas to US
brokerage account and it gets there within 3 days only.

Imagine paying 200$ for a monthe if doing weekly
withdrawals.



follwing link hasn't mentioned anything for international
wire transactions:
http://www.timberhill.ch/public.de/html/help/faqs/fees.html


I used to have account with XoomTrade that charge
40$ for transfer to my bank, and extra 25$ from
the Computer clearing account to direx venture LLC.
Paying Total of 65$ for each transfer.

Are they doing a fair job charging me extra 25$
from the Computer clearing account to direx
venture LLC, I guess this has to be part of their
internal expenses that charged to my account?

Any feedback will be appericiated. Thanks
 
Quote from Nana Trader:

Why most US brokerage charge 50$ for every wire out?
I pay just 10$ to send my fund from overseas to US
brokerage account and it gets there within 3 days only.

Imagine paying 200$ for a monthe if doing weekly
withdrawals.



follwing link hasn't mentioned anything for international
wire transactions:
http://www.timberhill.ch/public.de/html/help/faqs/fees.html


I used to have account with XoomTrade that charge
40$ for transfer to my bank, and extra 25$ from
the Computer clearing account to direx venture LLC.
Paying Total of 65$ for each transfer.

Are they doing a fair job charging me extra 25$
from the Computer clearing account to direx
venture LLC, I guess this has to be part of their
internal expenses that charged to my account?

Any feedback will be appericiated. Thanks
More...

No they dont
 
i think its like 10-15 USD ...well..i know i paid that to stick some money into my ib account so im fairly sure ital the same fee taking it out (from australia)
 
Quote from Bob111:

they not charge you,but YOUR bank may for incoming wire.
More...

My bank charg for outgoing wire, but doesn't charge for
incoming wires.
well, i am very surprised to see IB do it for free internationaly
because cost of wiring for local and overseas differs a lot:confused:
anyway if so ,sounds another good reason to be having
acccount with IB
 
Quote from MiniGrasshopper:

i think its like 10-15 USD ...well..i know i paid that to stick some money into my ib account so im fairly sure ital the same fee taking it out (from australia)
More...

Because your bank charges for outgoing wires, does
not mean nesseccerily IB have to charg for Outgoing,
but again i'm not saying that IB does it free of charge
for sure

anyway thanks for response, but need to confirm it
with IB staff (I had to creat this thread for those
foreign traders with the same question)
 
Quote from def:

confirmed. ib doesn't charge for int'l wires and currently eats any fees.
More...

Good to hear that no any outgoing wire fee from IB account.
Thanks def for prompt reply
 
You must log in or register to reply here.
Back
Top