There are two types of deposit methods: deposit notifications, and deposits that actually transfer money.
Deposit notifications allow us to efficiently identify your incoming funds for proper credit to your account and to ensure that funds retain their originating currency of denomination.1
To notify us of a deposit of funds, complete a deposit notification on the Fund Transfers page in Account Management or during your initial application process.
Same day electronic movement of funds through the fed wire system. You must contact your bank to initiate a wire and to include your IBKR account name and number on the wire. Specific wire instructions and addresses will be displayed during the deposit notification process.
From immediate to four business days, depending on your bank. Non-U.S. banks are generally at the longer end of the range. Credit to account is immediate upon arrival.
IBKR applies a one-day holding period to GBP Faster Payments.
The Withdrawal Hold Period is three business days (you may withdraw funds after three business days). A wire cannot be internally transferred during the three-day hold period.
If funding an account with ILS, it is important that you request your bank to send the funds via the Zahav system. Funds received via the Masav (Bank of Israel's Automated Clearing House) system will not be accepted and will be returned.
Electronic movement of funds through the ACH network. Initiation of an ACH transfer enables you to automatically deposit funds from a US bank to IBKR. You will be required to enter your bank's ABA number and your bank account number. If you do not know your bank's ABA number, you can enter the bank name and city and search for the correct ABA number. You will be required to verify each new instruction.
ACH requests of more than $25,000 will be received from your bank on the next business day and credited to your account after four business days under normal circumstances.
ACH requests of $25,000 or less received by 11:00am ET will be credited to your account same day and available to trade after four business days under normal circumstances.
ACH requests of $25,000 or less received after 11:00am ET will be received from your bank on the next business day and credited to your account after four business days under normal circumstances.
ACH deposits are limited to $100,000 over seven business days. Same day ACH deposits are limited to $25,000.
Only available for US currency deposits from an account held in your name at a US bank that allows ACH deposits. Funds may be withdrawn after the four day credit hold.
If funds are withdrawn to a bank other than the originating bank via ACH, a 44-business-day withdrawal hold period will be applied.
ACH deposits require a security device which can be obtained through the Secure Login System.
Paper and mail based deposit of funds. Write your account number on the check. Specific check instructions, including the printing of the deposit form, and addresses will be displayed during the deposit notification process. The IBKR address for sending your check will be printed on the deposit form. Please take note that Interactive Brokers Canada customers cannot fund their accounts with personal cheques or bank drafts. Interactive Brokers Canada will make an exception to accept transfer cheques from Registered Retirement Savings Plans (RRSP), Spousal Registered Retirement Savings Plans (Spousal RRSP), and Tax Free Savings Plans (TFSA).
Depends on the speed of the mail. Under normal circumstances we deposit funds to your account on the same business day of check arrival.
USD Checks Only Bank, Bill Payment and Personal checks for US Dollars are accepted. Click here for a list of acceptable/unacceptable check types. Funds are credited to the account after a six business day credit hold, with the exception of Bank Checks, which are credited immediately.
HKD Checks Only personal checks are accepted. Funds are credited within one business day after we receive official confirmation from our bank that the funds have cleared. The Withdrawal Hold Period is three business days (you may withdraw funds after three business days).
CAD Checks Only RRSP, Spousal RRSP, and TFSA transfer cheques from non-ATON participants are currently accepted. Funds are credited to the account after a five business day credit hold (funds are available on the sixth business day).
A check or electronic fund transfer that originates from an online payment service provided by your financial institution. For US checks, you add Interactive Brokers to your personal payee list and your bank mails a check for you. For electronic fund transfers, you select Interactive Brokers from your bank's list of merchants and your bank sends an electronic payment.
Electronic fund transfers are credited to your account immediately. US checks will be credited to your account after six business days.
Electronic fund transfers: you may withdraw your funds after three business days. US checks: you may withdraw your funds after six business days.
BPAY is a bill payment service used in Australia. A BPAY deposit is a fund transfer that originates from the BPAY online payment service provided by your financial institution. After you submit your BPAY deposit request, we provide you with a Biller Code and a Customer Reference Number (CRN), which you must provide to your bank to initiate the actual transfer of funds.
From immediate to four business days, depending on your bank. Credit to account is immediate upon arrival.
The Withdrawal Hold Period is three business days (you may withdraw funds after three business days). A wire cannot be internally transferred during the three-day hold period.
Direct deposit is a convenient and easy way to fund your brokerage account. To have your paycheck, pension, government agency or other recurring payment deposited into your account, provide your routing (ABA) number and account number to your employer, government agency, or third party.
Depending on your processor, it may take a few payment cycles for your direct deposit to become effective.
You may withdraw your funds after three business days. Direct deposit is not currently available for IRA accounts.
For more information, click here.An electronic fund transfer available for CAD currency deposits from a CAD currency account held in your name that originates from an online payment service provided by your financial institution located in Canada. Complete a deposit notification, then submit your bill payment on your bank's online payment service.
Bill payments submitted through your online bank payment system before 18:00 EST are generally received by IBKR within three business days.
Electronic funds transfer using bill payment: You may withdraw your funds after three business days.
Canadian bill payment is only offered for clients of IB Canada.
EFT is available for USD or CAD currency deposits (for IB-CA entity accounts) from a USD or CAD currency account held in your name at a bank located in Canada that allows EFT transactions. IBKR limits EFT deposits to USD equivalent $100,000 over seven business days.
You will be required to enter your bank's three digit institution number, five-digit bank transit number and your bank account number. You will be required to complete two sets of verification with each new instruction. The first verification is through the use of a Registration Confirmation Number which will be sent to the user email address of record to confirm your email address. The second verification sends debit and credit amounts to your bank which appear on your bank statement and must be typed into your instruction as confirmation. This verification ensures that the person entering EFT bank information is the legitimate owner of the EFT bank account.
EFT requests received by 09:30 ET, will be credited to your account after four business days under normal circumstances.
Only available for USD or CAD currency deposits from a USD or CAD currency account held in your name at a bank located in Canada that allows EFT transactions. Funds may be withdrawn after the four day credit hold.
If funds are withdrawn to a bank other than the originating bank/instruction, a 60-business-day withdrawal hold period will be applied.
There is a USD equivalent 20,000 limit on EFT deposits for customers without an IBKR security device. This limit applies to the first EFT deposit only. No additional EFT deposits will be allowed without a security device.
You may transfer assets from an existing 401K or other retirement plan into a Direct Rollover Account only. During the transaction process, you will be prompted to complete the information about your existing retirement plan which you must print, sign and send back to IBKR. IBKR will sign this form and forward it to your existing retirement plan to initiate the Direct Rollover.
Depends on third-party administrator.
Only available in the US for IRAs.
You may transfer assets from an IRA account held with another trustee/custodian to an IBKR IRA account. The assets are transferred directly trustee/custodian to trustee/custodian, with no distribution of assets to you. During the transaction process, you will be presented with an IRA Transfer In Authorization form, which you must print out, complete and return to IBKR. You can also download the PDF form here.
Depends on third-party administrator.
Only available in the US for IRAs.
You may transfer assets from an existing 401K or other retirement plan into a Direct Rollover Account only. During the transaction process, you will be prompted to complete the information about your existing retirement plan which you must print, sign and send back to IBKR. IBKR will sign this form and forward it to your existing retirement plan to initiate the Direct Rollover.
You are eligible to use a late rollover if you self-certify that you qualify for a waiver of the 60-day rollover requirement.
Depends on third-party administrator.
Only available in the US for IRAs.
A SEP plan allows employers to contribute to traditional IRAs (SEP-IRAs) set up for employees. Both employees and employers can transfer funds to the account.
Depends on third-party administrator.
You may treat a regular contribution made to a Roth or Traditional IRA as having been made to the other type of IRA.
Depends on third-party administrator.
An IRA conversion is a transfer of Traditional, Traditional Rollover or SEP IRA assets to a Roth IRA with the same custodian or as a trustee-to-trustee transfer or rollover. A conversion is subject to Form 1099-R reporting for the distribution from the non-Roth and Form 5498 for the contribution to the Roth IRA.
Depends on third-party administrator.
Only available in the US for IRAs.
Limited to check or wire.
You can schedule any deposit transaction except Direct Rollovers and Trustee-to-Trustee deposits to recur at monthly, quarterly or yearly intervals. During the deposit notification process, you will be given the opportunity to save your transaction as a recurring transaction. The bank information you enter for the transaction can be used for both recurring and non-recurring transactions. You set up recurring transactions on the Fund Transfers page in Account Management.
| Type | Description |
|---|---|
IRA Accounts |
Contributions may be made by wire, check, or EFT. Please note that there is a limitation on yearly IRA contributions as described in the Contributions Limits table. Transfers from another IRA plan may be made through ACATS. Use Direct Rollover for transfers from a 401k or retirement plan. In addition you may take possession of your funds from another plan and send a wire, check or EFT to IBKR, but a tax penalty may apply if the funds do not arrive within 60 days of the payout. When transferring from another IRA account, you may only deposit the cash or positions into an IBKR account that has the same IRA type. IBKR Direct Rollover accounts may receive funds from any type of IRA, 401k or retirement plan accounts. Once funds are transferred from a 401k or retirement plan account to an IBKR Direct Rollover account, they may not be transferred back to a 401k or retirement plan account. Please consult your tax advisor for guidance on IRA accounts. |
Advisor Accounts |
Advisor clients may complete a deposit notification in Account Management if they have a username and password. If they don't, the advisor can also complete a deposit notification for the client. |
Proprietary Trading Group / Separate Trading Limit (STL) |
All deposits should be made to the master trading account, and then transferred to the sub account(s). |
Fully Disclosed Broker Accounts |
Clients deposit funds directly into their accounts. Brokers may use Account Management to deposit funds to their master account or the Proprietary Account for Broker-Dealers. Fully Disclosed Brokers can also enter wire and check deposit notifications for their client accounts. |
Non-Disclosed Broker Accounts |
All deposits should be made to the master account, and then transferred to the client accounts. Brokers may also use Account Management to deposit funds to their Proprietary Account for Broker-Dealers. |
| Omnibus Broker Accounts | All deposits should be made to the master account or the proprietary trading account. |