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  #81  
Old 24.01.2018, 18:51
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Re: Interactive Brokers account

They show you the screen similar to the one posted with the CH IBAN on previous reply when you complete the funding form.

I've spoken to IB again today and they confirmed that you will need to click on the bottom right "New AM" also known a beta version highlighted in green and then complete the funding form for the CH IBAN.

In UBS, you then make a "Domestic Transfer" by putting in the CH IBAN and on the bank details just put in the SWIFT/BIC CITIGB2LXXX and it will automatically apply a Swiss clearing number under the search function. You may also get a separate notice and about debiting and crediting in GBP or CHF, but select CHF and you're done.
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  #82  
Old 24.01.2018, 18:53
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Re: Interactive Brokers account

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https://www.roche.com/investors/faq_...tm?tab_id=tab0

Kind of equity / Abbreviation / Ticker
Roche non-voting equity securities/ NES = in German “Genussschein” / SIX:ROG
Roche bearer shares / RBS = in German “Inhaberaktie” / SIX:RO
American Depositary Receipt / ADR /OTCQX:RHHBY

Do non-voting equity securities confer the same rights as bearer shares?

Roche Holding Ltd places no restrictions on ownership of its shares and non-voting equity securities. Each non-voting equity security confers the same rights as one share to participate in available earnings and any liquidation proceeds remaining after repayment of the nominal value of the shares and the participation certificate capital.
Thanks Village Idiot,

I think I'll stick with the SIX:RO although they are both the same thing.
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  #83  
Old 24.01.2018, 19:24
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Re: Interactive Brokers account

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Do they give you an email with the CH IBAN? or they tell you at the time when you create the account?
Seriously, where do these questions come from? Maybe first create an IB account and then you will see for yourself. You just go to Transfer Funds, then pick Deposit, then pick CHF, and it shows you the IBAN on the website.
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  #84  
Old 07.02.2018, 16:16
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Re: Interactive Brokers account

Dear all

am wondering if anyone has used Interactive Broker to convert currency (heard they offer the best rate compared to Transferwise etc.)?

Would be grateful if you can share the step-by-step to do so (using FXCONV function to create an Order as I read) if you dont mind. I am looking to convert CHF to SGD.

Thanks all....really a bit overwhelmed with IB...
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  #85  
Old 07.02.2018, 16:23
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Re: Interactive Brokers account

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Dear all

am wondering if anyone has used Interactive Broker to convert currency (heard they offer the best rate compared to Transferwise etc.)?

Would be grateful if you can share the step-by-step to do so (using FXCONV function to create an Order as I read) if you dont mind. I am looking to convert CHF to SGD.

Thanks all....really a bit overwhelmed with IB...
Have you got an account? Usually you can check their help file or chat with customer service.
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  #86  
Old 07.02.2018, 18:47
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Re: Interactive Brokers account

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Have you got an account? Usually you can check their help file or chat with customer service.
Or maybe there is also a YouTube video on how to do it


Maybe this one:

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  #87  
Old 15.02.2018, 11:24
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Re: Interactive Brokers account

Hi,
I have been investing using the interactive brokers account since last year. Does anyone know what kind of statement i should generate from interactive brokers account management to use for filing my Swiss taxes? I know we have to declare the ending holdings as of 31.12.2017 as well as dividends made in 2017 but cannot find the right statement that fulfills this needs.

anyone using interactive brokers account and filing taxes here, can you please advise?

cheers
happycreature
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  #88  
Old 15.02.2018, 12:21
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Re: Interactive Brokers account

[FONT=arial]
Quote:
HappyCreature;2910675]Hi,
I know we have to declare the ending holdings as of 31.12.2017 as well as dividends made in 2017 but cannot find the right statement that fulfills this needs.

anyone using interactive brokers account and filing taxes here, can you please advise?

cheers
happycreature
Account Management Home> Reports> Statements: Then
Default Statements
Activity
Annual
2017
HTML/Web or
PDF (as you wish, for printing PDF is easier)

Run Statement!

Output contains all the info you need.

Last edited by bill_door; 15.02.2018 at 12:22. Reason: formatting
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  #89  
Old 15.02.2018, 12:28
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Re: Interactive Brokers account

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Hi,
I have been investing using the interactive brokers account since last year. Does anyone know what kind of statement i should generate from interactive brokers account management to use for filing my Swiss taxes? I know we have to declare the ending holdings as of 31.12.2017 as well as dividends made in 2017 but cannot find the right statement that fulfills this needs.

anyone using interactive brokers account and filing taxes here, can you please advise?

cheers
happycreature
I believe they should send you at the end of the year a document, and you should use this document to fill the tax declaration...
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  #90  
Old 16.02.2018, 10:38
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Re: Interactive Brokers account

Hey IB users,


I'm thinking of opening up an account. I have some funds in a UK account in GBP and some here in CHF.


Is it possible to fund the IB account using both currencies? In this case, do the currencies remain as-deposited (i.e. - I will have a GBP amount and a CHF amount in my IB account)?


Thanks a lot for any input!
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  #91  
Old 16.02.2018, 10:56
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Re: Interactive Brokers account

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Hey IB users,


I'm thinking of opening up an account. I have some funds in a UK account in GBP and some here in CHF.


Is it possible to fund the IB account using both currencies? In this case, do the currencies remain as-deposited (i.e. - I will have a GBP amount and a CHF amount in my IB account)?


Thanks a lot for any input!
Yes, it is possible to deposit both currencies. Then you will have an amount of GBP and one of CHF in your account.

Depending on what securities you want to buy it could be better to convert to USD or EUR though.
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  #92  
Old 16.02.2018, 11:41
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Re: Interactive Brokers account

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Yes, it is possible to deposit both currencies. Then you will have an amount of GBP and one of CHF in your account.

Depending on what securities you want to buy it could be better to convert to USD or EUR though.
Sounds great!


Thanks for the reply
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  #93  
Old 06.02.2021, 20:46
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Re: Interactive Brokers account

Hi,
Any best way to deposit USD from a Swiss Bank account to IB avoiding/reducing transfer/clearing fees?
Tks
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  #94  
Old 08.02.2021, 11:08
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Re: Interactive Brokers account

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Hi,
Any best way to deposit USD from a Swiss Bank account to IB avoiding/reducing transfer/clearing fees?
Tks
Why?
Send CHF (for free) and convert them to USD there (at a great rate for the bargain of 2 USD).
Converting CHF to USD at your Swiss bank will cost much more than that (spread-wise at least).
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  #95  
Old 08.02.2021, 12:12
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Re: Interactive Brokers account

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Why?
Send CHF (for free) and convert them to USD there (at a great rate for the bargain of 2 USD).
Converting CHF to USD at your Swiss bank will cost much more than that (spread-wise at least).
It’s possible Andreag already has USD deposited in a USD-denominated Swiss account, in which case conversion fees are irrelevant.

In such a case there may be transfer fees that one would want to limit/ avoid. However, I don’t have experience of this specific case.
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Old 08.02.2021, 12:18
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Re: Interactive Brokers account

Correct Polymath!

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It’s possible Andreag already has USD deposited in a USD-denominated Swiss account, in which case conversion fees are irrelevant.

In such a case there may be transfer fees that one would want to limit/ avoid. However, I don’t have experience of this specific case.
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  #97  
Old 08.02.2021, 15:39
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Re: Interactive Brokers account

Do you know if there's a way to import the trading data from Interactive Brokers into the ZH Private Tax software? That would save me a lot of time.
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  #98  
Old 08.02.2021, 15:42
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Re: Interactive Brokers account

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Do you know if there's a way to import the trading data from Interactive Brokers into the ZH Private Tax software? That would save me a lot of time.
Is there an import function for the tax software? Or a documented format to fake an import?
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Old 08.02.2021, 16:44
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Re: Interactive Brokers account

There's - AFAIK - the possibility to import statements from select Swiss Banks (and brokers?) but the function is undocumented and I have no idea about the format.
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  #100  
Old 08.02.2021, 17:01
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Re: Interactive Brokers account

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There's - AFAIK - the possibility to import statements from select Swiss Banks (and brokers?) but the function is undocumented and I have no idea about the format.
If someone has done this with a Swiss bank, maybe they can confirm and share the file format. I think you can import from previous tax returns, but I haven't seen anything beyond that.
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