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IB to HSBC (HKD) Withdrawal - How Long?

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  1. #1

    Join Date
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    IB to HSBC (HKD) Withdrawal - How Long?

    Quick one - does anyone know how long it takes to process a HKDwithdrawal and for it to arrive in HSBC HK?

    Sent: About 7AM HKT this morning

    Not yet arrived...


  2. #2

    Join Date
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    It takes days, dont ask me why. I did a test one to my Standard Chartered HK account 29th June (to see if it was free and how long it would take) and I didn't get it until 4th July.

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  3. #3

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    Quote Originally Posted by bdw:
    It takes days, dont ask me why. I did a test one to my Standard Chartered HK account 29th June (to see if it was free and how long it would take) and I didn't get it until 4th July.
    Thanks... So looks like Monday in my case.

    In your case 1,2,3 July were holidays in HK...
    bdw likes this.

  4. #4

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    Quote Originally Posted by shri:
    Thanks... So looks like Monday in my case.

    In your case 1,2,3 July were holidays in HK...
    Oh your right, there was a holiday in that time period. But still I sent on 29th June, and selected "Local Electronic Transfer" as opposed to "Wire transfer" (not sure what difference it makes), so I thought could receive instantly or maybe by next day 30th which was before the holiday. But still it needed a bit longer than that. For you, if you sent it only this morning then unlikely to receive it today.
    shri likes this.

  5. #5

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    Thanks again. I has assumed it would be a real time-ish local TX.


  6. #6

    I did a large HKD withdrawal recently from IB to Citi HK, and it took 3 business days. Requested on Tues July 26, money showed up on Fri July 29.

    Actually it showed up as "Pending" in my Citi HK account on Thu July 28, then fully available on Fri July 29. The withdrawal confirmation from IB after I executed the withdrawal was accurate in terms of the days needed for the transfer to Citi HK.

    shri likes this.

  7. #7

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    Arrived today and no transfer costs.

    emx, Drunken Master, pin and 2 others like this.

  8. #8

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    1 free withdrawal per month.


  9. #9

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    Quote Originally Posted by shri:
    Arrived today and no transfer costs.
    I just did the opposite last night (Monday night, 10pm HKT) - A local large HKD deposit (admittedly the simplest kind) into IB (In the process of selling up HKD assets and buying Euros) and it took under 60 seconds to appear in IB.

    Another few mins later and it was all converted (7.96 ex rate and HK$15.5 fee).

    Amazing really.
    Paxbritannia likes this.

  10. #10

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    Yep a bit like hotel California

    "We are programmed to receive"
    "You can check-out any time you like"
    "But you can never leave!"