NomisC

Basically, my deposit instruction provided the beneficiary bank of Citibank in US, and my bank account number was a Virtual Account Number (VAN), with its title and address set to IBKR. In other words, the VAN is under the name of IBKR, and the address is its head office in Greenwich, Connecticut. What I can infer is that IBKR creates VAN using Citibank for each individual using their service, and once we direct our outward remittance to the assigned VAN, Citibank will process the inward remittance and deposit into IBKR's corporate account. The reason for why it's important to make a deposit notification is for IBKR to verify who and which account the deposits are made/dedicated to, so that they can allocate the deposit to the appropriate VAN.

It's just top of my head guess of what's happening with IBKR deposit. Hope it makes sense.

Hi all. I was able to successfully transfer my fund to IBKR, thanks to your help.

I used UOB, and the transfer fee was about THB600. I used the beneficiary information solely from what was given in IBKR's deposit notification/instruction. I used the UOB's internet banking, registered the overseas beneficiary (i.e. IBKR), and transfer it out of my saving account. There was no need to provide any document to register or transfer the money to IBKR (probably because my transfer amount was below the reporting requirement threshold stipulated by Bank of Thailand..?) and the money went through in 3 hours.

Thank you all for your kind insights!

Thank you for your great response.

When I made the deposit notification with IBKR, they gave me the wire transfer instruction, which contained the swift code for Citibank: CITIUS33XXX. Somehow, though, the bank account title and address was under IB, with the address you mentioned above. It confuses me more that IBKR actually has its own swift code, but that wasnt the one included in the deposit instruction...

When putting in the international remittance request form, would it be correct to put Interactive Brokers LLC as the bank account name, rather than my own name? 

Hi all.

Im a foreigner (Non US) working in Thailand and I recently opened an account in Interactive Brokers to invest in US stocks. Account opening was easy, but when I tried wire transferring my money in K bank to my IB account, the transfer could not succeed. (The only stated issue was that the account information was incorrect). Is there anybody who uses interactive brokers for their investment in US? It would be great to hear some advice on transferring money between Thai bank and IB Account. (Preferred bank to do the transfer, receive withdrawal, etc.)

Thx in advance.