Interactive Brokers (IBKR) allows two free withdrawal requests per calendar month. Subsequent withdrawals, regardless of method, are charged a fee. The fee charged depends upon the denomination of the currency withdrawn and the withdrawal method. Please see the Interactive Brokers website for details.
For purposes of determining the number of withdrawal requests occurring in a given month, IBKR uses the date at which the client submits the withdrawal request and not the date at which the withdrawal was processed. When multiple withdrawal requests are submitted, the withdrawal fee is charged based on the date processed and not the date requested.
Note
- Withdrawal request time is not based on local time but on EST time zone (New York time).
Additional Information