Is there a fee charged by IBHK to participate in the Program?

Recurring Investment is available to any client that has fractional share trading enabled and is under IBLLC, IBUK, IBA, IBCAN, IBIE, IBHK, and IBSG.

Please Note…

The Insured Bank Deposit Sweep Program allows clients to sweep excess funds above $250,000 from their IBKR accounts to participating FDIC-insured banks. Doing so allows for a client to maintain SIPC coverage on up to $250,000 of funds at IBKR as well as receive FDIC insurance on the funds swept. As IBKR caps the sweep at $246,500 ($493,000 for joint accounts) per participating bank, swept deposits receive the benefit of full FDIC coverage…

The Money Market Fund shares are owned by you. The funds offered under the Program are distributing funds, meaning they pay out cash dividends periodically. These distributions are passed through to your account.

The return generated through the Program is derived from fund distributions, not from interest paid by IBHK. The tax treatment of fund distributions will follow IBHK's standard treatment for mutual fund income…

Once you become eligible for the Money Market Sweep Program, IBHK will send you an invitation message through Client Portal → Support / Message Center.

• Invitation messages are sent periodically to eligible clients. …