As I shared before, i’m going to start saving investing my money to grow it and the reason that I realize having emergency fund is important, investing should helps me to grow my money.
For this, I have opened an account with TD Ameritrade but due to I’m located in Malaysia, so we are going to open account under TD Ameritrade Singapore.
By the way, just a reminder to those who are planning on opening an account with them, opening an account with TD Ameritrade include a lot of documentation and form to fill up. The account opening time also is quite long. I submit the account opening request in early march. Only In early April I receive a notification that My account has been opened and approved for trading. That was about 1 month waiting time but considering they are a big broker in the US, I can understand.
How Malaysian Investor Fund TD Ameritrade by Using Maybank via Maybank2u?
Unlike others, I don’t have a lot of fund to start with but my plan was to start small and subsequently slowly add on fund whenever it’s available to increase the size of my Investment. So today I tried to Fund my TD Ameritrade Singapore using Maybank2u and It was easy for me.
I will share with you on how to fund your TD Ameritrade account via Maybank2u.
1. Login to Maybank2u account and proceed to Transfer Tab
i. In the transfer Tab, choose transfer to – Oversea.
ii. Choose the country. For this transfer, TD Ameritrade address provided is in the United State, California.
iii. The amount to enter is the amount of money you wanted to transfer, key in the amount you wanted to transfer and it will show you the amount like picture below. If you are okay, click button transfer at the bottom.
iv. Its shows the foreign exchange rate and the service fee. There is 2 options, under foreign telegraphic transfer and western union. Foreign telegraphic transfer service is cheaper so choose this function.
2. Sender’s Details
i. In sender details, fill up the details as below.
ii. All the details should follow your personal details and to be safe, just follow the personal details registered with TD Ameritrade Singapore.
3. Recipient’s Bank Details
i. This section should follow details as below. The important part is the IC/Passport number details. This should be your IC number registered with TD Ameritrade Singapore with your TD Ameritrade account number.
Example: If my IC number is 901011-10-5620 and TD Ameritrade account number is 123456789. Then this section should be 901011105620123456789.
The other details should be provided by by TD Ameritrade so just copy and paste it into the form.
4. Recipient’s Bank Details
i. This section all the details is provided as well. So just copy the details and put it into the form.
The FED Wire details is the ABA transit routing details provided.
5. Sender’s Details
i. This section is also your personal details. So just key in the details into this form.
6. Transfer Details
The last one will be the transfer details. This is a section where you tell them what is this transfer for. So What I key in is just Personal private fund transfer.
After all this done, just click transfer, get the TAC, key it in and walla! It’s Done!
FYI, if you do it via Maybank the transfer is consider fast. I did my transfer at about 11.00am Malaysia time, the money already in my TD Ameritrade account when the US market open at 9.30pm Malaysia Time. But the service is only open during office hour.
Please be aware however that there will be another charges for wire transfer in by TD Ameritrade. I don’t see it in mentioned in their website but I was charged for it.
P/S: I need to rethink again my plan of adding small fund over time as the funding will be charged.
3 Comments on “How to Fund TD Ameritrade Account Using Maybank2u”
salam…roughly how many percent of ur money being deducted for the charge? let say u transfer 4000 myr…and let say if no charges if u will receive 1000usd. with hidden charges (not the rm10 charge by m2u)..how much tht u will roughly received from that actual 100 usd?
Hi, my first deposit I tried usd100 however the hidden charges was not mentioned and I received $20 less than I supposed to get. I believe this is an internal exchange rates the bank imposed.
I have tried to check with their customer service but they did mention the charges either and asked to check account statement which I did not see anything they mentioned about it. I didn’t bother to ask further.
correction *from that actual 1000 usd…assuming rate exchange is at 1usd=4myr