Investing in Stocks from Taiwan: Navigating IBKR and Avoiding Transfer Fees

[meishijia]

@nomopo

Have any of you successfully navigated this process?

Me (a foreigner) and my wife (a Taiwanese) have both invested with IBKR.

Transfer fees are the only challenge you’ll face, roughly 20 USD sending from a Taiwanese bank because of intermediary banks SWIFT fees. You can read more about it here:

Banks with low fees for incoming SWIFT transfers for foreign currencies?

Just to confirm this, are you saying you sent from Fubon Taiwan to IBKR US and there was only a 12.5 USD intermediary fee? Sending to IBKR’s Citi account from Hua Nan I got an intermediary fee of 20 USD. May I ask which of IBKR’s bank accounts you sent to? They have Citi and US Bank and it’s random which one they assign to you. My wife is US Bank and I’m Citi.