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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Said   😊 😞
Number: of 21939 
Subject: Re: Broker recommendations?
Date: 04/07/24 4:16 PM
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What I wrote about using IBKR for international wires needs a - disappointing - correction: At least for a European citizen whose IBKR account usually is held in Ireland it is NOT "super-easy" to transfer NZD to New Zealand - - - but actually impossible.

I exchanged USD in NZD, tried to wire that - and was baffled to find that in the currency selection for the wire I could only select USD, EUR, other European currencies (Norwegian and Swedish Crone etc.) or Israeli Shekel. Those are the only currencies I can wire.

Phone call to helpdesk. Couldn't help, suspected legal restrictions, asked me to send a secure message. After 1-2 days without answer I researched myself and found it's indeed not a bug but a feature of (probably not only) IBKR, thanks to whatever (legal?) restrictions.

So the only way for me (and probably all other European IBKR customers) to use IBKR's excellent exchange rates for wiring NZD, AUD or else seems to be to setup a Wise account (I am in the middle of doing that), to wire the NZD, AUD or else to that account, and from there to it's final destination.

I hope at least that works, otherwise I am ......

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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