What is correspondent bank info asked by Interactive Brokers?

[mthc4F]

Hi,
Did anyone experience that withdraw from Interactive Broker were asked for 'correspondent bank info'?
I am using HSBC Australia, was told no such an information like 'correspondent bank' by their staff.
Now I am going to the bank branch again to try to insist.
Interactive supporter insist that they mush have this info to do withdraw.

 

[prawn_86]

Re: What is correspondent bank info asked by Interactive Broker

Correspondent bank is usually the intermediary bank, IE the US bank that IB will first need to send funds to, who will then pass the funds to HSBC.

The average teller has no idea about international transactions

 

[McLovin]

Re: What is correspondent bank info asked by Interactive Broker

Correspondent bank is usually the intermediary bank, IE the US bank that IB will first need to send funds to, who will then pass the funds to HSBC.

The average teller has no idea about international transactions

Does the average punter need to know that info (I assume it would be Citi anyway)? I mean if I send something to deepest darkest Africa and I need to use an intermediary bank (again, likely to be Citi), I don't actually need to know who the intermediary bank is, do I?

 

[mthc4F]

Re: What is correspondent bank info asked by Interactive Broker

The question is, I want to withdraw, how can I get the correspondent bank info?

 

[blue0810]

some info:

https://www.aussiestockforums.com/forums/showthread.php?t=12455

 

[prawn_86]

Re: What is correspondent bank info asked by Interactive Broker

Does the average punter need to know that info (I assume it would be Citi anyway)? I mean if I send something to deepest darkest Africa and I need to use an intermediary bank (again, likely to be Citi), I don't actually need to know who the intermediary bank is, do I?

True but in this case it appears IB is asking for it, and if the OP asks a teller they are probably going to have no idea either.

I would assume HSBC (and Citi) are their own intermediaries, but beyond that who the other banks partner with seems pretty random

 

[So_Cynical]

I opened my IB account (part funded it) via a transfer from my HSBC Aust Account.

HSBC shouldn't be a problem.