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 DKK Deposit Information
- What transfer method can I use to fund my account in DKK?
- IBKR's DKK bank account is held with a Danish bank and is eligible to receive DKK via RTGS (Real Time Gross Settlement) or International Bank Transfer (SWIFT).
- IBKR does not currently support domestic transfer methods (local bank-to-bank transfers) for DKK. We are working to implement local bank transfers, but no timeline is available currently.
- What Information does my bank need to transfer funds?
- If your bank is in Denmark and requests local bank account details, explain that the account is not eligible for local bank-to-bank transfers and ask them to process the transfer using the provided IBAN/SWIFT details instead.
- Banks outside Denmark typically process DKK payments via international bank wire (SWIFT) or RTGS. Your bank will select the appropriate method based on payment size, banks involved, and available services. You typically will not be given a choice of transfer method.
- RTGS payment:
- RTGS transfers via Kronos2 (Denmark's National Bank system) are used primarily for large-value, time-critical interbank payments and typically arrive same day to 1 business day. Cross-border SWIFT transfers may take 1-4 business days due to correspondent banks and compliance checks.
- International transfers from outside Denmark may involve intermediary or correspondent banks, which can add complexity and processing time to cross-border payments.
- 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
IBKR offers multiple methods for depositing DKK 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.
- Bank Transfer
- Link Bank Account via Open Banking
- Transfer from Wise Balance
Bank Transfer
- Set up a template at your bank to transfer funds from your bank to your IBKR account.
| Availability | All entities except IB Australia, IB Singapore, IB India and IB Japan |
| Required Information: | Sending bank's details (sending institution name and account number), and IBKR's provided bank account details |
| Speed: | 1 business day or less for local transfers. 1 to 4 business days for international transfers |
| 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 |
Link Bank Account via Open Banking
- IBKR uses Plaid to connect your bank and trading accounts. Send money from your bank to your IBKR trading account without leaving the IBKR platform.
| Availability | IBKR LLC, and IB Ireland |
| Required Information: | Plaid will use your banking information to instantly link your bank account |
| Speed: | Immediate to a few hours |
| Limits: | Transfer limits may be set by your bank. Please contact them for further information |
| 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 Hong Kong, IB Ireland, 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 |
Withdrawals
Withdrawals
- Access your funds with our streamlined withdrawal process. This section shows you how to transfer money from your IBKR 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 DKK Withdrawal Information
- IBKR 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 IBKR website for more details.
Transfer Methods
IBKR 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.
- Bank Wire
Bank Wire
- 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 Australia, IB Singapore, IB India 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 DKK 30.00 fee for subsequent withdrawals beyond the complimentary allowance. Your bank may also charge fees for incoming funds |
Other Considerations
Unacceptable Deposit Methods
The following deposit methods are not accepted for DKK:
- 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 cases, 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.
Top Deposits and Withdrawals FAQs