Prior to using this method you will need to create a standing instruction through Client Portal which authorizes IBKR and your bank to electronically transfer funds between the two accounts.
You will be asked to verify your bank in one of two ways:
- Enter your banking information: You will be asked to enter your bank account number and routing number for instant verification. If we cannot verify the account is in your name, we will issue test transactions in the form of small debit and credit amounts to your bank account.
- Note: This request does not actually move your funds.
- Log in at your bank: You will be asked to select your bank and enter your username and password to verify your credentials immediately.
- Note: Verification by logging in at your bank uses a third-party service.
Once established, this transfer method can be used for future deposit and withdrawal requests.
Please Note
- The process to connect your bank account to be used for ACH deposits/withdrawals can be initiated from your IBKR account or at your bank as described in the IBKR Knowledge Base.
- ACH can be used only to transfer funds from an external bank account; it is not possible to deposit funds via ACH from an external brokerage account.