IBKR`s bank account for SGD is held in Singapore and is eligible to receive SGD transfers via domestic bank transfer (e.g. FAST) or international bank transfer (SWIFT). If your bank account is held with a local Singapore bank they will usually process SGD transfers as domestic local transfer while clients with bank accounts outside of Singapore will use international bank transfer (SWIFT).
Local SGD Transfer
To access the available funding methods for SGD, login to the Client Portal and navigate to Transfer & Pay → Transfer Funds → Deposit Funds, before selecting "Singapore Dollars (SGD)."
Local Singapore bank transfers under SGD 200K can be made from participating Singapore banks using either the PayNow or eGIRO deposit method:
- eGIRO - Following a one-time setup, clients can instruct their bank to initiate deposits without leaving their IBKR account. eGIRO also enables clients the convenience of scheduling reoccurring deposits to their investment accounts. For more details see our eGIRO FAQs.
- PayNow - enables instructing a deposit from your bank account to your IBKR account by scanning a QR code with your mobile banking application or providing IBKR Singapore's Unique Entity Identifier ("UEN") to instruct your bank. For more details see our PayNow FAQs.
- Bank Transfer - instruct your bank to make a FAST transfer using the routing details we provide upon you creating a deposit notification to notify IBKR of your intent to send money from your local bank account.
Local Singapore bank transfers over SGD 200K need to be made using the Bank Transfer deposit method. We will provide you with the routing details to instruct your bank upon you creating a deposit notification to notify IBKR of your intent to send money from your local bank account.
International SGD Transfer
If transferring from a bank account held outside of Singapore, you will need to use the Bank Transfer deposit method. We will provide you with the routing details, including SWIFT code, to instruct your bank upon you creating a deposit notification to notify IBKR of your intent to send money from your offshore bank account.
Additional Information