Third party deposits are defined as those deposits which originate from or are drawn upon an account at a financial institution which is titled in a name other than that of the receiving IBKR account holder(s).
IBKR generally discourages and reserves the right to reject third-party deposits due to industry-wide fraud and money laundering concerns.
Exceptions:
- Deposits from spouses and partners are typically accepted, but may require additional documentation.
- Rollovers for tax-advantaged retirement accounts are permitted.
- IBLLC, IBUK, IBHK and IBA clients with individual or joint accounts (excluding IRAs) can set up direct deposits from payroll, Social Security, pension, or other recurring payments.
Please Note
- Additional due diligence may be conducted on all third party deposits in accordance with IBKR's regulatory obligations.
- Processing of third-party deposits may experience significant delays.
- Local requirements may apply to third-party deposit acceptance.
- IBHK clients should refer to this KB Article for more information given specific local restrictions (e.g. Deposits from a jointly-owned bank account to an IBHK individual account will be considered a third party deposit as required by the Hong Kong Securities and Futures Commission ("SFC").