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Funding Reference

Position Transfers

To request an inbound or outbound transfer of positions, use the Transfer & Pay > Transfer Positions menu in Client Portal. Position transfers allow us to identify your incoming funds for proper credit to your account. Most Inbound Transfer Requests are automated. However, for non-automated methods (such as European Position Transfers) you must contact your bank/broker to initiate the transfer.



Position Transfers Type





Automated Customer Account Transfer Service (ACATS)

Description

US Broker to Broker position transfer system. Requests to have your cash and positions automatically moved from a third-party US broker to IBKR are initiated from the Transfer Positions page in Client Portal. For details, click here.

When you request an ACATS transaction, you have the option of creating a new Position Transfer Instruction or using an existing Position Transfer Instruction.

For a full ACATS transfer, you can perform a position eligibility check prior to submitting your request to verify that the positions you want to transfer are eligible for your selected transfer method. You can enter positions manually or upload the positions in a .CSV (comma-separated values) file.

You can also upload positions in a .CSV file for a partial ACATS transfer.

Time to Arrive

From four to eight business days depending on your third-party broker.

Limitations

ACAT transfers may be unavailable for withdrawal or transfer up to 30 days.

No options transfers during expiration week.

Long and Short (Short Against the Box) of same position will be netted upon receipt through an ACAT.

You may not withdraw your transferred equity value for 10-30 business days after receipt from your third-party broker.




Free of Payment (FOP)

Description

Delivery of long US stock positions, US Warrant positions, and Corporate and Municipal Bond positions from another US bank or broker that is a member of the Depository Trust Company (DTC). Requests for FOPs are made to the third-party broker. However, you must notify IBKR of a third-party FOP on the Transfer Positions page in Client Portal so that your transfer may be properly placed in your account.

An FOP deposit is only a notification of incoming securities while an FOP withdrawal actually transfers securities out.

When you request a FOP transaction, you have the option of creating a new Position Transfer Instruction or using an existing Position Transfer Instruction.

You can also upload positions in a .CSV file for a partial FOP transfer.

Please note FOP is not available for IRA accounts.

Time to Arrive

Transfers are generally completed within 3-5 business days, but this depends on your third-party broker. FOP notices are valid for five business days before expiring. Once the notice has expired IBKR will not accept the shares.

Limitations

Only available for long US Stock positions, US Warrant positions, and Corporate Municipal Bond positions.




Account Transfer on Notification (ATON)

Description

ATON is the Canadian broker equivalent of ACATS. Please use the Transfer Positions page in Client Portal to have your cash and positions moved from a third-party broker to IBKR. Only Canadian and US stocks and options may be transferred between Canadian Brokers.

When you request an ATON transaction, you have the option of creating a new Position Transfer Instruction or using an existing Position Transfer Instruction.

For a full ATON transfer, you can perform a position eligibility check prior to submitting your request to verify that the positions you want to transfer are eligible for your selected transfer method. You can enter positions manually or upload the positions in a .CSV (comma-separated values) file.

You can also upload positions in a .CSV file for a partial ATON transfer.

Time to Arrive

From four to eight business days depending on your third-party broker.

Limitations

Only available for Canadian and US stock, options and cash.

You may not withdraw your transfer for ten business days after receipt.

No options transfers during expiration week.




Asian Position Transfers

Description

Asian stocks, bonds, structured products and options may be transferred to IBKR for Hong Kong, Australia or Japan. You initiate these transfer requests on the Transfer Positions page in Client Portal. Select Basic FOP Transfer as the Transfer Method, and then search for assets by symbol, ISIN or CUSIP and select the assets you want to transfer.

When you request an Basic FOP Transfer position transfer, you have the option of creating a new Position Transfer Instruction or using an existing Position Transfer Instruction.

Time to Arrive

From two to five business days.

Limitations

IBKR keeps all positions in the firm name ("street name"). We do not currently provide individual registration of holdings, for example Registered or Namenaktion shares. Inbound transfers of registered positions will be converted to 'street name'.

Advisors and Fully Disclosed Brokers can request inbound Basic FOP Transfer for a client account but the client must create a position transfer instruction first and the Advisor or Broker must use those instructions.




European Position Transfers

Description

European stocks, bonds, structured products and options may be transferred to IBKR for Austria, Belgium, Estonia, France, Germany, Hungary, Israel, Italy, Latvia, Lithuania, the Netherlands, Norway, Portugal, Poland, Spain, Sweden, Switzerland, and the UK. You initiate these transfer requests on the Position Transfers page in Client Portal. Select Basic FOP Transfer as the Transfer Method, and then search for assets by symbol, ISIN or CUSIP and select the assets you want to transfer.

When you request an Basic FOP Transfer position transfer, you have the option of creating a new Position Transfer Instruction or using an existing Position Transfer Instruction.

Time to Arrive

From four to eight business days.

Limitations

IBKR will not provide individual registration of holdings. IBKR keeps all positions in the firm name ("street name").

Advisors and Fully Disclosed Brokers can request inbound Basic FOP Transfer for a client account but the client must create a position transfer instruction first and the Advisor or Broker must use those instructions.




Deposit/Withdraw at Custodian (DWAC)

Description

An electronic method of transferring shares registered in the customer's name on the books of the transfer agent between participating broker/dealers with the transfer agent serving as a custodian. DWAC usually refers to new or certified paper shares to be electronically transferred.

You can also upload positions in a .CSV file for a partial DWAC transfer.

Note that a processing fee may apply. For details, see the Other Fees page.

Time to Arrive

DWAC requests settle or are rejected on the same day that the request is made. Transfer agents must approve all requests transmitted to them by the participating broker. Requests that are not approved by the end of the day are rejected. Once a DWAC request is rejected, a new customer-initiated request must be submitted by the stock holder in order to process the transfer.

Limitations

Since transfer agents must actively approve DWACs , these kinds of requests require prior coordination between the client and the transfer agent. Any requests not previously communicated will be rejected by the transfer agent.




Direct Registration System (DRS)

Description

An electronic system for registering stock with an issuer/company's transfer agent. These shares are in electronic book-entry format and can be transferred to and from a brokerage account. DRS shares are already issued and held electronically in book-entry format at the transfer agent.

You can also upload positions in a .CSV file for a partial DRS transfer.

Note that a processing fee may apply. For details, see the Other Fees page.

Time to Arrive

Once a customer request is submitted via Client Portal, the IBKR system creates a notification. Upon receipt or delivery of shares from or to the transfer agent, the IBKR system will generate a transaction that will cause the shares to settle into or out of the customer's account.

Limitations

DRS requests can pend up to 30 days, although agents typically respond to a request within two to five days.

Disclosures
  • Please note that IBKR does not accept physical stock certificates.
  • Please note that Interactive Brokers does not accept certain transfers of shares of U.S. Micro-Cap Stocks. Shares of U.S. Micro-Cap Stocks may be temporarily restricted from being sold so that IBKR may conduct due diligence to confirm if the shares may be sold through IBKR. During this process, you remain free to transfer the shares out. For more information on this, please click here.