Avoid Deposit Failures! Tiger Brokers Deposit Process and Common Pitfalls Revealed!

Tiger Brokers, as a leading online brokerage, offers convenient deposit methods, supporting multiple currencies and bank accounts across various countries. This article aims to provide investors with a detailed guide to depositing funds into Tiger Brokers accounts, ensuring easy transfers no matter where you are located.

Overview of Deposit Methods

Tiger Brokers supports various deposit methods, mainly including bank wire transfers and direct securities transfers. Depending on your geographic location and currency type, you can choose the most suitable deposit method.

Bank Wire Transfer: Applicable to most countries and regions, capable of handling various currencies.

Direct Securities Transfer: Currently supports specific regions and banks, such as ICBC Asia’s bank-securities transfer in Singapore.

A More Convenient and Secure Alternative—BiyaPay Multi-Asset Wallet Brokerage

If you have other Hong Kong stock brokerage accounts, it is recommended to use BiyaPay, a multi-asset wallet brokerage. BiyaPay not only supports trading in US and Hong Kong stocks but also in cryptocurrencies like Bitcoin. For deposits and withdrawals, there’s no need to worry; BiyaPay supports the exchange of over 200 digital currencies like USDT and BTC into major fiat currencies like USD and HKD for deposit into your bank account, and then onwards to your brokerage account.

Alternatively, you can use BiyaPay to directly remit funds to Charles Schwab, with no limit on the amount, and achieve 24-hour real-time deposits and withdrawals every day. Withdrawals are easy, and funds can securely arrive in just a few minutes, only incurring blockchain transaction fees.

Deposit Tutorial

Web Deposit Tutorial

Login

Go to the Tiger Brokers official website link, click “Go to Login”.

Enter your “mobile number” used to register your account -> Enter “login password” -> Click “Login”.

Choose Currency for Transfer

This is demonstrated using the most widely used “International Wire Transfer”.

Next, click “Transfer Remittance”.

Reminder: The remitter must be the same as the account holder at Tiger Brokers, otherwise it will be refunded.

Choose the currency you want to remit, and select “Overseas Bank Account” as your remitting bank, or “Singapore Bank Account” if you are in Singapore.

Next, “Recipient Information” will appear; save this information! You’ll need to fill in these details on the remittance form later. In the “Recipient Information”, there’s only one field that will differ from others, which is the “Reference”.

“Reference” = “Funding Account Number” + “English Name”, after confirming the above information, click “I have made the remittance”.

Fill in the Remittance Form

Remember to take a photo of the completed remittance form, as you will need to upload proof of remittance.

Upload Transfer Details

This step notifies Tiger Brokers of your incoming funds, click “Upload Transfer Details”.

Enter the English name of your “remittance bank” -> and your “remittance amount” -> upload the photo of the completed remittance form -> click “Submit and Notify Tiger Brokers”.

Performing this step can expedite the review of your funds by Tiger Brokers.

Wait for the Remittance to be Credited

After this step, patiently wait for 1~4 business days, based on my experience, if you are depositing from an overseas bank and have filled in the deposit notification, it usually takes about 2 days to receive the funds.

APP Deposit Tutorial

Login and Access the Deposit Interface:

Open the Tiger Trade App.

Click on the “Deposit” button under “Holdings”.

Choose Deposit Currency:

Determine the currency you wish to deposit (such as SGD, USD, HKD).

Choose Deposit Method:

Select “Bank Wire Transfer” or “Direct Securities Transfer” (depending on your bank and region).

Fill in Bank Information:

Enter recipient’s name, bank account details, and obtain the bank’s SWIFT code and other necessary bank details.

Perform Bank Operation:

Conduct the wire transfer through your bank.

Ensure to use the correct bank account and accurate deposit details to avoid delays.

Submit Proof of Deposit:

Submit a screenshot of the transfer or wire transfer confirmation document in the Tiger Trade App.

Wait for Funds to be Credited:

Deposits typically take 1 to 3 business days, depending on the processing speed of the bank.

Common Mistakes to Avoid:

Writing your own name as the recipient (it should be Tiger Brokers, not you!)

Writing your own Tiger Brokers account number as the recipient’s account (it should be Tiger Brokers’ account at the receiving bank!)

Omitting the account number in the reference, or writing the English name (the reference is the only way to verify you!)

Using a foreign currency account owned by your parents to make the remittance (the remitter must be you, you cannot ask someone else to remit, it will be returned. To prevent money laundering)

Tiger Brokers offers global investors convenient ways to deposit, whether through bank wire transfers or direct securities transfers, allowing easy funding of your investment account. Following the correct deposit steps and precautions can help you complete the deposit process quickly and safely. If you encounter any issues during the deposit process, Tiger Brokers’ customer service team is always ready to assist.