When you withdraw funds out of your IBKR account the beneficiary is automatically set by the system as yourself, the account holder at IBKR. It is not possible to swap the order of your first and last name as beneficiary of the cash withdrawal.
As per our experience, this generally is not an issue, as long as your full name is on record as account holder at IBKR. However, there could be problems if your middle name is not specified. In this case, please see: How do I change my name within my account?
Please Note
- Your bank's correspondent bank details will be required if you are withdrawing foreign currency. We recommend confirming those details with your bank before proceeding.
- As part of its anti-money laundering efforts, IBKR implements restrictions on certain client deposits and withdrawals. Find out more about Funds Transfer Restrictions in the IBKR Knowledge Base.