About the Video
In this video, I will show you how to withdraw money from your #InteractiveBrokers (IBKR) account, as well as the prerequisites that you need to know before you can proceed with your cash withdrawal!
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
🔴Wise referral link to get 1 FREE international transfer (up to RM 2,500): Click Here
There are 2 methods that you can opt for depending on where you are from:
👉🏻Method 1: CIMB SG + Wise (for Malaysian viewers) – where I withdraw SGD from IBKR into a SG bank account (CIMB SG), and then remit it back to my Malaysian bank account via Wise (from CIMB SG);
👉🏻Method 2: Wire Transfer into any bank account worldwide (for International viewers) – where I withdraw USD directly into my local bank account (in Malaysian Ringgit, MYR), but the steps are almost the same for any currency that you are sending to.
🔥Open a CIMB SG Account from Malaysia: Click Here
🔴IBKR referral link (get up to $1,000 worth of IBKR stock): Click Here
🔽Time stamps:
0:00 Introduction
0:27 Video outline
1:02 Prerequisite for withdrawal
2:58 Withdrawal Method 1: CIMB SG + Wise (for Malaysian viewers)
7:43 Withdrawal Method 2: Bank wire transfer (for International viewers)
10:17 Closure
To make a withdrawal of funds, complete a withdrawal request on the Transfer Funds page in Client Portal. IBKR allows one free withdrawal request every month. After the first withdrawal (of any kind), IBKR will charge fees for any subsequent withdrawal.
Schedule of the fees charged after your first monthly withdrawal: Click Here
Wise is an online account that lets you send money, get paid, and spend money internationally. Banks and other providers often set their own, unfriendly exchange rates. With Wise, you’ll always get the real mid-market exchange rate – like you’d find on independent sources like Google, XE, Yahoo Finance or Reuters.
✅Here’s how to open a TSG-IBKR account: Click Here
✅Here’s how to open a Wise account: Click Here
✅IBKR Mobile tutorial: Click Here
✅(IBKR Account Opening Guide) Here’s How to Open an Interactive Brokers Account: Click Here
✅More info on Interactive Brokers withdrawal fees👇🏻 Click Here
✅Full Interactive Brokers Playlist👇🏻
• Interactive Brokers Guide
✅Beginner’s Step-By-Step Playlist to Start Investing 👇🏻
• Beginner’s Guide to Investing
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Disclaimer: This content is provided by a paid influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not necessarily shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers, and nothing within this content is a guarantee of future performance or success.
None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website.
Interactive Brokers is a FINRA registered broker and SIPC member, as well as a National Futures Association registered Futures Commission Merchant. Interactive Brokers provides execution and clearing services to its customers. For more information regarding Interactive Brokers or any Interactive Brokers products or services referred to in this video, please visit www.interactivebrokers.com.
