Can I make a disbursement from my account to a 3rd party via a cashier's check?

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 account holder(s). Third party deposits also include deposits via check made payable to the account holder and endorsed over to IBKR; however, IBKR no longer accepts any check that is not made payable to IBKR…

Yes, you can withdraw funds from your IBKR joint account to an individual bank account of either of the IBKR joint account owners and the withdrawal will not be considered a third-party withdrawal. However, depending on the joint account type, the account owner's authorization may be required. …

In these cases, Compliance is unable to approve the instruction even though it appears that the funds are being withdrawn to the account they were deposited from. In order to withdraw funds to a third party, you must submit a Third Party Withdrawal request to send the funds in the name of the third party…

The following deposit methods are not accepted:

• Cash (coin or currency)
• Domestic drafts…