Re: Transfer USD funds from Schwab to IB
OK. I managed to do it. Originally, I tried an ACH transfer initiated from Schwab, but the test deposits didn't arrive at IB.
Then I tried an IB initiated ACH pull and the test deposits worked, but the requested transfer didn't (although this could have been due to open orders on Schwab meaning that there were insufficient funds).
Lastly, I tried a wire transfer from Schwab to IB. This worked and was pleasantly surprised that the transfer happened in USD with no deduction of fees (Schwab estimated $10 wire fees).
i also saw that they give you 2-3 free wire transfers per quarter if you have enough funds (waiver of $25 fee).
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