TRANSACTION STATUS…

Overview

What is a Long-term Investment Account - "Tartós Befektetési Számla" (TBSZ)?…

Your current TBSZ provider may ask you for the IBKR contact information to proceed with your transfer.

Please provide the following:…

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

The cost basis information associated with TBSZ transferred positions (e.g., acquisition date and price) will not be automatically provided from the delivering institution during your TBSZ Account Transfer. Client will have to update the cost basis in Client Portal if required. Please reach out to the delivering institution in case confirmation of cost basis for the transferred positions is required. If the cost basis is not updated, then positions will be assigned with default cost basis values where the acquisition date is set to the date of transfer and the cost to the closing price of the security on the date of transfer…

To arrange the delivery of your securities, it typically takes a few business days once the involved financial institutions are in contact but the delivery of some assets are more complex than others and depends as well on the depository the securities are held and if the financial institution holds the securities at the same depository which can add additional time to complete the transfer. Keep in mind that communication between the financial institutions happens solely via email and may require multiple exchanges of communication in order to share required settlement information and agree on a settlement date…

A transfer of your TBSZ account requires both the delivering and receiving institution to communicate with each other to agree on the delivery of your securities.

To ensure a smooth process, please follow the below steps. …

IBKR does not charge fees for a TBSZ Transfer…

You can transfer money to the TBSZ from your primary account. Money deposit is only allowed during the collection year.

Additional Information…

FUND MY ACCOUNT

To transfer your TBSZ Account from your current financial institution to IBKR please use the button above or log in to Client Portal and follow the steps:…

During the collection year, you can deposit any amount with any frequency into the account. The initial deposit must reach at least 25,000 HUF or an equivalent value in any other supported currency. There is no upper limit for the deposited amount…

Your current TBSZ provider may ask you to provide the KELER code of IBKR to proceed with your transfer.

• IBKR's KELER code: 562000001…

To find your IBKR TBSZ account number for each collection year please log in to your IBKR TBSZ Account and refer to Transfer & Pay followed by Transfer Funds. An Account Selector will appear on the right hand side with the overview of your TBSZ accounts per collection year. Alternatively you can click on the Interactive Brokers Logo on the left upper corner after logging in to your TBSZ account and a "All Accounts" overview with account number per collection year will appear on the left hand side of the window…

This is a 5-year period following the collection year, separated into a 3-year and a 2-year periods. During this time, you can no longer make deposits but can trade with the funds you have already deposited. The 3-year period is called Holding Period 1, while the 2-year period is called Holding Period 2…

Your existing TBSZ provider may ask you to provide IBKR's bank routing information for cash deposits  in order to proceed with you transfer. 

IBKR will show you the bank routing information once you submit the TBSZ transfer requests in Client Portal:…

A minimum activity fee is imposed in the TBSZ, which amounts to 2,000 HUF per month.

This fee applies collectively to all TBSZs, regardless of their number. So, whether you have 1, 3, or 5 TBSZs, the fee remains 2,000 HUF per month…