IBKR account funding using Wise manual bank transfer
SKL my recent transaction here
- add WISE PHP balance via MANUAL BANK TRANSFER (Instapay, no fees via digital bank eg Seabank/Gotyme)
- convert WISE PHP to WISE USD balance (10k PHP to 171 USD, charge was 39.07 PHP, 1 USD = 58.2516 PHP during transaction)
- link IBKR to WISE
- deposit WISE USD balance to IBKR (flat rate fee 1.27 USD)
Amount received in IBKR account was 169.73 USD
The fees for this transaction are approximately 1% of 10k PHP
I'll try depositing a larger amount next time and update this
UPDATE: You can fund your IBKR account with your Wise PHP balance, no need to convert it to USD. Larger amounts (>PHP50K) will take time to reflect on Wise since it will be transferred using Pesonet.