Overview
DEPOSITS
Easily fund your Interactive Brokers (IBKR) account using our straightforward deposit options. We have included everything you need to know to get your funds working for you quickly and efficiently.
Before initiating your transfer, ensure your IBKR account is active and gather the necessary information:
- Your IBKR account number
- Deposit amount
- Sending institution details
The specific banking instructions will be provided when you create a deposit notification through the Client Portal – an essential step that ensures your funds are properly matched to your account.
Quick Start: FUND YOUR ACCOUNT
- Log in to the Client Portal
- Select Transfer & Pay and then Transfer Funds menu options
- Select Deposit Funds followed by the desired Deposit Method
- Click Get Instructions to get started
Important AUD Deposit Information
- What are the available transfer methods to deposit AUD?
- Local AUD payments include Electronic Funds Transfer (EFT), and PayID. If your bank is located outside Australia, your bank may only offer an international bank transfer (SWIFT) to transfer AUD.
- International bank transfer via SWIFT involves correspondent banks and may take longer due to cross-border payment complexity. Different bank account details are required compared to local transfers.
- For Local EFT:
- You will need the following details:
- Account Name
- BSB number
- IBKR’s bank account number.
- Include your U-account number in your EFT payment in the 'message to recipient' field.
- If your bank cannot accept the full 12-digit account number shown in the deposit notification, omit branch code 011 and use the remaining digits.
- You will need the following details:
- For PayID:
- PayID is available for local AUD payments and can only be used by Individual and Joint account holders. You will be given our unique PayID code in the Client Portal after selecting the PayID transfer method and creating a deposit notification.
- The PayID will be dependent on the IBKR entity that services your account.
- You will be told in the Client Portal the Bank account where to send the funds. Please include your U-account number in your EFT payment in the 'message to recipient' field. The U-account is your brokerage account with us (for most clients this is letter "U" followed by digits). Payments received in our bank account without an U-account number may require additional proof of deposit and cause delays for processing the deposit.
- IBKR does not control transfer speed. Consult your sending institution about processing times and cut-off times.
- Payments requiring additional review may take longer to credit.
- Please consult with the sending institution about costs, as fees vary by financial institution. We do not charge for deposits.
Deposit Transfer Methods
Transfer Methods
Interactive Brokers offers multiple methods for depositing AUD into your account. Each method provides different benefits in terms of processing speed, convenience, and associated fees. Available transfer options may vary depending on which IBKR entity services your account, as certain deposit methods are entity specific.
- Electronic Funds Transfer
- Transfer from Wise Balance
- Transfer Via PayID
Electronic Funds Transfer
- Setup a template at your bank to transfer funds from your bank to your IBKR account.
| Availability | All entities except IB Ireland and IB Japan |
| Required Information: | IBKR's provided account name, and BSB number for domestic electronic funds transfer (EFT). For international payments IBKR will provide its SWIFT and bank account details, which will differ from the local EFT instructions. Include your U-Account number in your EFT payment in the 'message to recipient' field. |
| Speed: | 1 to 2 business days |
| Limits: | Transfer limits may be set by your bank |
| Fee(s): | Determined by your bank, generally fees do apply |
| Trading Availability: | Funds are immediately available for trading after arriving at IBKR |
| Withdrawal Hold(s): | 3 business days |
Transfer from Wise Balance
- Link your Wise profile, then initiate a fund transfer from your Wise multi-currency account to your IBKR account. Wise converts your funds into an IBKR supported currency and transfers the funds to your IBKR account.
| Availability | IBKR LLC, IB Australia, IB Hong Kong and IB UK |
| Required Information: | Your Wise username and password to link to your IBKR account |
| Speed: | Wise converts your funds into a supported currency for this method and transfers the funds to your account. Provide transaction details to review currency-specific arrival times |
| Limits: | Generally, no limits, however transfer limits may be set by Wise |
| Fee(s): | Wise charges for currency conversion. Provide transaction details to review currency-specific fees |
| Trading Availability: | Funds are immediately available for trading after arriving at IBKR |
| Withdrawal Hold(s): | 3 business days |
Transfer via PayID
- Transfer funds from your bank account to your IBKR account using our PayID.
| Availability | IBKR LLC, Singapore and Australia |
| Required Information: | Enter our unique PayID reference in your preferred mobile banking application |
| Speed: | Immediate to 1 business day |
| Limits: | Transfer limits may be set by your bank This service is available to Individual and Joint account holders only |
| Fee(s): | Determined by your bank, generally free |
| Trading Availability: | Funds are immediately available for trading after arriving at IBKR |
| Withdrawal Hold(s): | 3 business days |
WITHDRAWALS
Withdrawals
- Access your funds with our streamlined withdrawal process. This section shows you how to transfer money from your Interactive Brokers account back to your bank. We have made retrieving your funds straightforward so you can access your money when you need it.
Quick Start: WITHDRAW FROM YOUR ACCOUNT
- Log in to the Client Portal
- Select Transfer & Pay and then Transfer Funds menu options
- Select Withdraw Funds followed by the desired Withdrawal Method
- Click Use the Method to get started
Important AUD Withdrawal Information
- Interactive Brokers allows 2 free withdrawals per month. Subsequent withdrawals, regardless of method, are charged a fee. The fee charged depends upon the denomination of the currency withdrawn and the withdrawal method. Please see the Interactive Brokers website for more details.
Transfer Methods
Interactive Brokers provides withdrawal options depending on which IBKR entity services your account, as certain withdrawal methods may be entity specific. Available method(s) differ in processing time, limits and associated fees. Review the details below to understand your options.
- Electronic Funds Transfer
Electronic Funds Transfer
- One-time setup of a withdrawal destination at IBKR to tell us where to send the funds via the SWIFT Network.
| Availability | All entities except IB Ireland and IB Japan |
| Speed: | Receive the funds next day |
| Limits: | Daily limits apply depending on your secure login device. May be subject to further review by your bank |
| Fee(s): | IBKR charges a AUD 15.00 fee for subsequent withdrawals beyond the complimentary allowance. Your bank may also charge fees for incoming wires |
Other Considerations
Unacceptable Deposit Methods
The following deposit methods are not accepted for AUD
- Physical cash (coin or currency) – IBKR does not support physical cash deposits or over the counter transactions at bank branches.
Third Party Deposits and Withdrawals
- Third party deposits are funds that originate from an account not owned by the receiving IBKR account holder. IBKR generally discourages and reserves the right to reject third-party deposits due to industry-wide fraud and money laundering concerns.
- IBKR considers requests to withdraw funds to a bank account not held in your name, but approval is not guaranteed and can require additional screening. For faster processing it is recommended to withdraw funds to your own bank account. Note that this service is not available for IBA, IBIN, IBSJ, and IBSG customers.
Digital Wallet Providers
- IBKR does not support digital banks when the bank is based on a digital wallet. IBKR does not recommend sending funds from a payment processor as funds are often sent without the payment details or sufficient information. This can lead to significant delays in allocating the deposit to your brokerage account or in some case to the rejection of the payment. Please see Deposit instructions for payment apps for more information.
Other Restrictions
For anti-money laundering compliance, residents of high-risk countries face restrictions on transfers between countries and can only withdraw to accounts they previously deposited from. We may limit your transfer destinations regardless of location, and changing your base currency requires a 5-day waiting period before withdrawals. Restricted transactions will be automatically blocked. Please see Funds transfer restrictions for more information.