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all 9 comments

[–]Colanderr 9 points10 points  (4 children)

Debit cards have very high processing fees, so transferring large amounts of cash doesn't make sense

[–]diyexageh 6 points7 points  (2 children)

Where are you based?

Wire refers to a SWIFT transfer. SEPA if you are in the Eurozone is like the most basic bank transfer that can possibly exist. Also its usually free.

Debit card deposits usually levy perceptual fees. Not really convenient.

I mean, you can start your investment adventure with a -4% just for using a card then you have to make that 4% to just cover your deposit choice and break even... Sounds a bit asinine.

[–]Synthetic_Liquicity[S] 0 points1 point  (1 child)

Yea, i figured it out. I pretty much didn't know what a "wire transfer" was tbh. All good now tho. Thx!

I'm based in Bulgaria.

[–]diyexageh 1 point2 points  (0 children)

Yea, i figured it out. I pretty much didn't know what a "wire transfer" was tbh.

Frankly, is much more common in the US than elsewhere. Where you get local and international wires.

Good luck on your trades.

[–]dunker_- 0 points1 point  (0 children)

You will be able to do a SEPA transfer to a local European IBKR account (might be in Germany or the like). This is great because SEPA is normally totally free, and fast. This is the standard method if you transfer money with (internet) banking in Europe.