TX USD From HSBC HK to Interactive Brokers

[Gavster]

Do any of you good folks happen to know from experience the total approximate cost (Inc wire fees) to send USD from an HSBC HK bank account to IBKR account in the US (they use Citibank NA)?

[natino]

Do any of you good folks happen to know from experience the total approximate cost (Inc wire fees) to send USD from an HSBC HK bank account to IBKR account in the US (they use Citibank NA)?

https://geoexpat.com/forum/135/threa...ml#post3812370

Just the flat HK$50 I was charged as long as you select “cost ours” for intermediary fees.

[shri]

Just did a usd TX.. Usual $50HKD and arrived in about 4 hrs.

[Gavster]

Thanks guys, HSBC charged me HKD 100 (50 local and 50 for their group bank in the US)

[shri]

That's odd... Hsbc one or premier?

[Gavster]

I'm a Premier account holder but was using my joint account (One account) when I transferred it. When I asked the bank more questions about it, they gave me very generic responses. Is it something I should look into? In the future I plan to deposit more

[natino]

I'm a Premier account holder but was using my joint account (One account) when I transferred it. When I asked the bank more questions about it, they gave me very generic responses. Is it something I should look into? In the future I plan to deposit more

Wait, mine is set up to go to JPM for Interactive Brokers in the US. That’s what I get after completing the pre-advice. You get Citi? I guess your account is different to mine.

Maybe Citi intermediary charged whereas JPM doesn’t.

[GentleGeorge]

When I do USD wires from HK HSBC, I always pay HKD 50 locally, and the amount arrives at the destination with another dollar fee removed from it. That dollar fee varies from 0 to about 25, but seems largely random and very opaque to me.

[shri]

When I do USD wires from HK HSBC, I always pay HKD 50 locally, and the amount arrives at the destination with another dollar fee removed from it. That dollar fee varies from 0 to about 25, but seems largely random and very opaque to me.

Strange - I don't see any amount deducted by IB. @GentleGeorge - where do you see the deduction? in the transaction history view?

@natino - I'm transfering to CIti and pay $50 at HSBC have done this both from One and Premier.

[GentleGeorge]

@GentleGeorge - where do you see the deduction? in the transaction history view?

I simply sometimes see fewer USD arriving than the amount that I had sent.

Not every time though, just sometimes.