IBKR may require you to use a Virtual Account Number (VAN) as the Beneficiary Account to deposit or withdrawal either HKD or CNH. VANs uniquely identify customers and eliminates the need to pass along additional information which for certain currency transfers cannot always be passed along or is ambiguous. Hence, payments made to a VAN are automatically directed in the account where the VAN is registered. You will need to use the VAN exclusively for deposits initiated by yourself and be sure not to share your VAN with anyone else. The VAN ensures a proper allocation and smooth processing of your funds upon receipt.
NOTE
- You will be asked to pay funds to yourself as the Beneficiary /Account Title. This will also ensure smooth processing of your transfer.
Additional Information