Clients of IBLLC, IBUK, IBHK and IBA who have an individual or joint account (IRAs are excluded) can setup direct deposit (also known as a Direct ACH Transfer) from their payroll, Social Security, pension or other recurring payments. Eligible clients may use the Automated Clearing House (ACH) network to safely and securely transfer funds to their IBKR account. ACH allows you to connect your IBKR account to your US-based bank account(s) and to transfer funds between them. Please note, direct deposit is limited to USD.
Please note that the following instructions can only be used for ACH Transfers. If you are funding via wire, please select Bank Wire to access the wire instructions.
To make a direct deposit:
- Contact your employer, federal agency, or any institution that sends your recurring payments and inform them you wish to enroll in direct deposit or make changes to your current direct deposit arrangement. Some employers or paying institution may allow you to split your direct deposit between multiple accounts. Inquire directly with your employer or paying institution.
- To have your Social Security benefits directly deposited to your brokerage account, visit the Social Security website to set up direct deposit online at www.ssa.gov/deposit/howtosign.htm or call Social Security at 1-800-772-1213.
- The IRS allows direct deposit, permitting you to divide your refund among up to three accounts.
- To have your tax refund deposited into one account, fill out the two lines in the refund section of the IRS Form 1040 or Form 1040A.
- To have your tax refund deposited to multiple accounts, you will need to complete the IRS “Allocation of Refund Form 8888”. Be sure to indicate on the IRS Form 1040 or Form 1040A that you have attached Form 8888.
Detailed information about Direct Deposit is available via Client Portal:
- Log in to Client Portal and navigate to the Transfer & Pay menu followed by Direct Deposit/Debit.
- Provide the following information to your employer or paying institution (note your payer may have a form it requires you to submit to enroll in direct deposit):
- Account Holder Name
- Financial Institution
- IBKR’s ABA Routing Number
- Account Number as listed on the "Interactive Brokers Direct Deposit Form" page
- Account Type
Please Note
- It may take up to a couple payment cycles for your direct deposit to become effective.