Hello
People in Bahrain. What do you use to transfer your money to your broker?
I used to use "ila bank" last year and it was free of charge! but recently they changed the fees
and now it costs almost 13BD per transfer to InteractiveBrokers
I am wondering if you guys use another bank or service that is cheaper
What service do you use to transfer money to your broker [Bahrain]
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- Posts: 7
- Joined: Tue May 18, 2021 6:34 pm
Re: What service do you use to transfer money to your broker [Bahrain]
They need to accept some form of credit card.
For 2021 you need to setup your Ila BHD account and attach a USD account to it.
Then add a mastercard to the USD account - all done online with a few clicks.
Their BHD-USD conversion rate is also fantastic compared to my bank.
This lets the broker charge your mastercard (0 fees) & you completely sidestep transfer fees.
For 2021 you need to setup your Ila BHD account and attach a USD account to it.
Then add a mastercard to the USD account - all done online with a few clicks.
Their BHD-USD conversion rate is also fantastic compared to my bank.
This lets the broker charge your mastercard (0 fees) & you completely sidestep transfer fees.
Re: What service do you use to transfer money to your broker [Bahrain]
Yea that would be really greatKrombopulos wrote: ↑Wed May 19, 2021 3:18 am They need to accept some form of credit card.
For 2021 you need to setup your Ila BHD account and attach a USD account to it.
Then add a mastercard to the USD account - all done online with a few clicks.
Their BHD-USD conversion rate is also fantastic compared to my bank.
This lets the broker charge your mastercard (0 fees) & you completely sidestep transfer fees.
Unfortunately, it's not possible.
The only option I see now is to send them at once every X months