How to Send Money to Your Interactive Broker's account for free

Well technically their reply is 100% correct: CH20 8909… IBAN is an account in UK, not in Switzerland. Account 10569674 at Citibank London. It just goes through swiss bank clearing systems with that CH IBAN.

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Yeah, I guess so, but still not doing anything to solve the customer’s problem.

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Do you know/think we can also send USD on this same account?

No, payment would be rejected or converted at unfavorable rate

Thank you @hedgehog. I paid 22 CHF to transfer my USD from Postfinance to IB.

Have you seen this thread?

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Interactive Brokers confirmed via email:

It is correct that new bank routing details for currency CHF have been implemented. The CH-IBAN can be used already to transfer funds. IB will show the new bank routing details once our new Account Management will be released.

Good news :slight_smile:

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Thank you Alex. It seems that transfering USD to IB from a Swiss account cannot be done at no cost. For CHF, it works. Anyway, I had to do a single transfer of USD to IB and will not have to do it again hopefully. From now on, only transfer of CHF.

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Wouldn’t be bad to extract the IB transfer info to an individual topic.

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I think it’s actually good material for a blog post (or guest blog post) at @_MP’s blog.

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@1000000CHF thanks for the mention. I thought about it too :wink:
Until end of August, I focus on finishing the French translation of the blog. I will treat it afterwards.

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did anyone attempt to transfer non-CHF funds?
when i want to wire EUR,
i am referredto some german IBAN. any experiences?^^

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Yes I’ve done it a couple of times.
It goes through sepa -> should be quite cheap.
I’ve paid 2 eur through Swissquote and 0.3 eur through Migros Bank.

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SEPA is free at postfinance

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I can confirm now the € 100 arrived with no losses
yey :slight_smile:

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Is it these 2 CHF per transfer from Postfinance that we are talking about saving?

Does the total fee of 2 CHF apply independent of the transferred amount?

Not only, also 6-10 CHF extra that get unceremoniously stolen along the way. And that’s even rather mild - some other banks I’ve seen are as greedy as 25 CHF for a transfer to UK

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