Funding Reference

Internal Position Transfers

To request an internal transfer of positions, use the Internal Position Transfers page in Account Management. Position transfers allow us to efficiently identify your incoming funds for proper credit to your account.



Position Transfers Type





Transfer positions between master and sub accounts

Description

Non-disclosed brokers and STL account users with fund management access for the Master Account can transfer positions of any asset class between the master account and its sub accounts. Please complete a transfer request on the Position Transfers page in Account Management.

Time to Arrive

Requests submitted during regular trading hours will transfer immediately. Requests submitted outside of regular trading hours will be processed the next business day.




Transfer positions internally between matching accounts

Description

IBKR customers can transfer some or all of their assets from one IBKR account to a matching IBKR account. The following rules apply:

  • The Account Titles of both accounts must match.
  • The country of legal residence of both accounts must - match.
  • For US customers, the US tax ID (Social Security number) of both accounts must match.
  • For non-US Individual customers, the ID number, ID type (passport, driver's license, national ID, or alien ID) and ID-issuing country must match. For joint non-US customers, the IDs of both first and second holder must match.
  • For non-US Organization customers, the government-issued ID and issuing country of both accounts must match.
  • Linked accounts can use this type of position transfer.

Please complete a transfer request on the Position Transfers page in Account Management.

Time to Arrive

Requests submitted during regular trading hours will transfer immediately. Requests submitted outside of regular trading hours will be processed the next business day.




IRA Conversion to a Roth Account

Description

Single IRA Users with a Traditional, Rollover or SEP IRA account can perform an IRA conversion to transfer all assets from their Traditional, Rollover or SEP IRA account to their Roth IRA account. Both accounts must have matching names and taxpayer identification numbers. Select IRA Conversion to Roth Account in Account Management.

Time to Arrive

Requests submitted during regular trading hours will transfer immediately. Requests submitted outside of regular trading hours will be processed the next business day.




IRA Recharacterization

Effective January 1, 2018, pursuant to the Tax Cuts and Jobs Act (Pub. L. No. 115-97), a conversion from a traditional IRA, SEP or SIMPLE to a Roth IRA cannot be recharacterized. The new law also prohibits recharacterizing amounts rolled over to a Roth IRA from other retirement plans, such as 401(k) or 403(b) plans.




Disclosures
  • Please know that IBKR does not accept physical stock certificates.
  • Please note that large block position transfers involving small cap securities may be subject to a temporary sale restriction in order to conduct any due diligence necessary to ensure that the shares are registered and not subject to any regulatory restrictions with respect to sales. Inquiries regarding restrictions may be directed to surveillance@interactivebrokers.com.