Can I cancel an Electronic Funds Transfer (EFT) deposit request after it has been submitted?

Once an Electronic Funds Transfer (EFT) deposit request has been submitted through the Interactive Brokers Client Portal, it cannot be directly canceled by Interactive Brokers. This is because the request is immediately transmitted to your linked bank account upon submission.

However, if you need to cancel the EFT deposit, you can attempt to contact your bank:   

  • Reach out to your bank as soon as possible to see if they can reject the deposit request.
  • The ability to reject the transaction will be subject to your bank's policies and procedures.

Important points to remember:

  • Interactive Brokers does not charge a fee for rejected EFT requests.
  • The process and possibility of cancellation may vary depending on your bank's policies and the timing of your request.

For more detailed information on deposit requests and EFT procedures, please refer to the Client Portal. If you have any further questions or concerns about your EFT deposit, please contact Interactive Brokers customer support for assistance.

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