Withdrawals from Interactive Brokers

Closed Thread
  1. #1

    Withdrawals from Interactive Brokers

    Hi

    I used IBHK to convert GBP as the rates look better
    I want to withdraw some GBP to HSBC HK account but looks like I can only select HKD

    My HSBC HK account is a multi-currency account

    Anyone knows how?
    Thank you
    Jac


  2. #2

    After writing the email, I found there is a drop down box to select currency before you enter your bank account information

    So hopefully it works!


  3. #3

    Join Date
    Feb 2019
    Posts
    210

    See my other posts on this. If you opened your account by depositing the $10k to meet the SFC KYC requirements (IB “option 4”), then even though your HSBC HK account is a multi currency account they still need to have funds >$10k come in to IB first (in that specific currency) before you can withdraw to it.

    If you completed the KYC by any of the other 3 options I don’t think you are limited to this.


  4. #4

    Join Date
    Nov 2021
    Posts
    1

    Any updates? Also running into the same issue. Were you able to withdraw the GBP from IBKR?