Paste ur previous copied here as shown in picture.
NOTE: THIS IS ONLY A GUIDE TO IMFORM FUTU THAT U DEPOSITED UR USD SO THAT THEY CAN UPDATE THE SUM ON UR MOOMOO ACCOUNT FOR TRADING.
YOU STILL NEED TO DO THE BANK TRANSFERRED TO FUTU'S DBS ACCOUNT FROM UR POSB/DBS ACCOUNT TO DEPOSIT USD INTO MOOMOO ACCOUNT.
DO PUT UR MOOMOO ID ON THE BANK "COMMENT" WHEN TRANSFERRING, TOO.
If u are still unclear, u can contact FUTU through their
"OFFICIAL" hotline/email.
If urgent, don't use email like me, a mistake. Just call.
They are very efficient & helpful
Actually, these is all the "first" for me
since DDA does not support USD deposit 🙄
I was thinking of leverage maybe... but "haha" 😄 "nah" because I know nothing about leverage.
You can find more about USD deposit from POSB/DBS to Moomoo account guide from
"Moomoo Website", "Ask & Help", "Chatroom" or "Google"I'm just pointing out my mistake here so ppl don't commit the same mistake as me
Riding Star : Why so weird? If you using SG deposit, it should be auto using SGD instead of USD. If using USD, it take days because convertion.
Dadacai : I wrote an FAQ about this https://www.moomoo.com/community/feed/106220569296902?lang_code=2 But your mistake may be a blessing in disguise since the market is still volatile.
Riding Star Milk The Cow OP : Next time use SG Bank with SGD. Less 1 min. Transaction done. Then change SGD to USD also less than 1 min. You can hold on SGD if you don't wish to change to USD.
Riding Star Milk The Cow OP : You are not using moo moo under SG play store?
70696867 Milk The Cow OP : If you use a remittance bank from Singapore outside, it will take longer to arrive,which is expected to take 3 to 5 business days.
KB Chong : just your id number will do. the name cannot change and will be the name as in the bank account
CaseyJunio : There is a exchange inside the tabs, use it for conversion to USD take only 5 minutes for your money to show up. Why are u taking so many steps
Milk The Cow OP Riding Star : I'm using bank multi-current account to deposit USD into Moomoo & I just realised DDA does not support USD... So need do the normal transfer which take 15min - 3days.
Because of my small mistake made mentioned above, it take the whole day to complete 1 transaction (should take less than 1hr if u know the steps correctly)... & somemore that's only my testing transaction with small sum... Hence my 2nd large sum transaction got stuck half way due to working hour stop at 5pm, I think.
Bank shown deducted but moomoo account show no records due to transaction not done within working hour... so, it's not recorded in moomoo account=tomorrow will then be recorded in moomoo account.
Haiz, should have trusted myself for the large sum transaction (in the end the test shown setup correctly).
At the start, I was thinking yar, no harm practicing precaution: Check if the Moomoo link bank account has setup properly by testing with a small sum transaction first.
Thus is why "UNCERTAINTY" lead to "precaution" and then to "opportunity loss"
Milk The Cow OP Riding Star : Here is my transactions steps made through out:
Broker <A> Account USD withdrawal > Deposited USD to Bank Multi-currency Account > Deposit USD to Moomoo Account (Broker<B>)
All the transaction is in USD.
Riding Star Milk The Cow OP : Not they won't support. SG don't want peoples do money laundering. So they make life difficult.
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