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Old 16.08.2018, 18:17
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Transfer USD funds from Schwab to IB

Has anyone managed to do this? How??
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Old 16.08.2018, 18:52
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Re: Transfer USD funds from Schwab to IB

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Has anyone managed to do this? How??
I guess it will have to be via an IB transfer form.
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Old 16.08.2018, 22:58
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Re: Transfer USD funds from Schwab to IB

i realised my wording was ambiguous, i meant transfer usd cash balances.
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Old 17.08.2018, 09:50
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Re: Transfer USD funds from Schwab to IB

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i realised my wording was ambiguous, i meant transfer usd cash balances.
I suspect the same answer is correct, crossing off equities but showing cash transfer. I have a Schwab cheque book which is a possibility as I doubt they will do a 3rd party transfer.
USD cash transfers from Schwab to myself arrive very quickly always within 24 hours from Sunday evening to Thursday evening European time.
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Old 17.08.2018, 09:54
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Re: Transfer USD funds from Schwab to IB

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Has anyone managed to do this? How??
Yes. Wire transfer.

What seems to be the problem? Can't find it in UI?
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Old 24.08.2018, 17:31
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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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Old 27.08.2018, 13:42
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Re: Transfer USD funds from Schwab to IB

I do ACH from IB to schwab. It works flawlessly. It was likely a mistake on your part.



Schwab has these weird account numbers starting with 4400 that also have dashes so it is sometimes a challenge to sort them out.
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Old 05.12.2018, 13:08
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Re: Transfer USD funds from Schwab to IB

Also managed to transfer some stock positions over without hassle. I think there was some fee involved ($50?)
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