I have a question about withdrawal of USD from IB hk. Does anyone know which correspondent bank charges the smallest fee and will the fee be a percentage or flat fee? I have the following HK accounts to send USD to: HSBC, Citibank, Standard Chartered, Bank of China, ICBC Asia. Most accounts have a small or no fee to receive incoming wire transfers but I have no clue about the correspondent bank.
hope this helps
if planning withdrawing from your IB account without being charged, choose citibank, sure you know now, absolutely no need to deposit to IB with cheque or wire, jsut do a local transfer at no cost and deposits should arrive in IBHK in the day. hope this helps