Please note that while IBKR will consider requests to withdraw funds to a destination other than a bank or brokerage account titled in the name of the account holder (i.e., a third party withdrawal), there is no guarantee that such requests will be honored.
Account holders submit withdrawal requests via Client Portal and any request designated as third party is subject to legal and compliance review which may involve inquiry as to the nature and purpose of the transfer as well as the relationship between the account holder and the third party. As the circumstances associated with each request tend to be unique, IBKR cannot provide any assurance as to how long the review process will take or even whether the request will be approved at the conclusion of the review.
Account holders are encouraged to withdraw funds to a bank account titled identically to their IBKR account and to subsequently transfer the funds from their bank account to the third party.
Please Note
Third party withdrawals are currently not supported by the following legal entities of Interactive Brokers:
- Interactive Brokers Australia Pty Ltd
- Interactive Brokers (India) Pvt. Ltd.
- Interactive Brokers Securities Japan Inc.
- Interactive Brokers Singapore Pte. Ltd.
Additional Resources