Overview
Deposits
Easily fund your Interactive Brokers (IBKR) account using our straightforward deposit options. We have included everything you need to know to get your funds working for you quickly and efficiently.
Before initiating your transfer, ensure your IBKR account is active and gather the necessary information:
- Your IBKR account number.
- Deposit amount.
- Sending institution details.
The specific banking instructions will be provided when you create a deposit notification through the Client Portal – an essential step that ensures your funds are properly matched to your account.
Quick Start: FUND YOUR ACCOUNT
- Log in to the Client Portal
- Select Transfer & Pay and then Transfer Funds menu options
- Select Deposit Funds followed by the desired Deposit Method
- Click Get Instructions to get started
Important CAD Deposit Information
- What transfer methods are available for CAD?
- We have bank accounts located at Canadian banks which are eligible to receive CAD via Canadian transfer methods such as Bank Transfer, Canadian Online Bill Payment, and Canadian Electronic Funds Transfer (EFT). An international Bank Transfer needs to be used in case your bank is located outside Canada.
- What information does my bank need to transfer CAD via Bank Wire?
- We will provide you the CAD bank routing information upon completing the deposit notification in Client Portal.
- The deposit notification itself does NOT move your funds, you will need to go to the bank to initiate an actual wire deposit as well.
- How to create a Canadian Online Bill Payment Notification?
- This is a CAD-to-CAD electronic fund transfer sent from your personal Canadian bank account using your bank's online payment service.
- Log in to Client Portal and navigate to Transfer & Pay > Transfer Funds > Make a Deposit, then select CAD as the currency and choose Online Bill Pay as your deposit method. Follow the on-screen prompts to complete the instructions and enter your desired deposit amount.
- Submit your bill payment on your bank's online payment service. You will simply need to add IBKR Canada as the payee and use your UXXXXXXX account number to transfer your funds.
- This is a CAD-to-CAD electronic fund transfer sent from your personal Canadian bank account using your bank's online payment service.
- How to deposit CAD via Canadian Electronic Funds Transfer (EFT)?
- EFT is available for CAD deposits into IB-CAN accounts, sent from a CAD bank account held in your name at a Canadian bank that supports EFT. Deposits are limited to $100,000 USD equivalent over seven business days.
- Log in to Client Portal and navigate to Transfer & Pay > Transfer Funds > Make a Deposit, then select CAD or USD as the currency and choose Connect Your Bank via EFT as your deposit method. Follow the on-screen prompts to complete the instructions and enter your desired deposit amount.
- In setting up an EFT, you will first be required to enter your bank account number (do not include the transit numbers). Then, under sending institution, click Search and input the 5 digits transit and 3 digits institution numbers.
- You will also be required to complete two sets of verifications with each new instruction. The first verification is by a Registration Confirmation Number which will be sent to the user email address of record to confirm your email address. The second verification sends debit and credit amounts to your bank which appear on your bank statement and which must be confirmed in your Pending Items’ page in Client Portal. This verification ensures that the person entering EFT bank information is the legitimate owner of the EFT bank account. Once the information is confirmed, you may create your first EFT deposit notification via your funding page in Client Portal.
- IBKR does not control transfer speed. Consult your sending institution about processing times and cut-off times.
- Payments requiring additional review may take longer to credit.
- Please consult with the sending institution about costs, as fees vary by financial institution. We do not charge for deposits.
Deposit Transfer Methods
Transfer Methods
IBKR offers multiple methods for depositing CAD into your account. Each method provides different benefits in terms of processing speed, convenience, and associated fees. Available transfer options may vary depending on which IBKR entity services your account, as certain deposit methods are entity-specific.
- Bank Transfer
- Transfer from Wise Balance
- Connect Your Bank via EFT
- Canadian Online Bill Payment
- Mail a Check
Bank Transfer
- Setup a template at your bank to transfer funds from your bank to your IBKR account.
| Availability | IBKR LLC, IB Canada, IB Hong Kong and IB UK |
| Required Information: | Sending bank's details (sending institution name and account number), and IBKR's provided bank account details |
| Speed: | 1 to 4 business days |
| Limits: | Generally no limits, however transfer limits may be set by your bank |
| Fee(s): | Determined by your bank; IBKR does not charge a fee |
| Trading Availability: | Funds are immediately available for trading after arriving at IBKR |
| Withdrawal Hold(s): | 3 business days |
Transfer from Wise Balance
- Link your Wise profile, then initiate a fund transfer from your Wise multi-currency account to your IBKR account. Wise converts your funds into an IBKR supported currency and transfers the funds to your IBKR account.
| Availability | IBKR LLC, IB UK and IB Hong Kong |
| Required Information: | Your Wise username and password to link to your IBKR account |
| Speed: | Wise converts your funds into a supported currency for this method and transfers the funds to your account. Provide transaction details to review currency-specific arrival times |
| Limits: | Generally no limits, however transfer limits may be set by Wise |
| Fee(s): | Wise charges for currency conversion. Provide transaction details to review currency-specific fees |
| Trading Availability: | Funds are immediately available for trading after arriving at IBKR |
| Withdrawal Hold(s): | 3 business days |
Connect Your Bank via EFT
- Connect your bank via EFT and complete two sets of verification using a Registration Confirmation Number via email, and micro credits/debits to your bank account.
| Availability | IB Canada only |
| Required Information: | Delivering bank details, currency of denomination, sending institution name, 5 digit transit and 3 digit institution numbers and IBKR's provided bank account details |
| Speed: | 5 business days |
| Limits: | Limited to $100K US equivalent per seven days |
| Fee(s): | Free |
| Trading Availability: | Funds are immediately available for trading after arriving at IBKR |
| Withdrawal Hold(s): | 5 business days, or 66 business days to an account other than the originating bank account |
Canadian Online Bill Payment
- Initiate a payment from an online payment service provided by your financial institution located in Canada.
| Availability | IB Canada only |
| Required Information: | Delivering bank details, currency of denomination, sending institution name, and IBKR's provided bank account details |
| Speed: | 3 business days |
| Limits: | Transfer limits may be set by your bank |
| Fee(s): | Free |
| Trading Availability: | Funds are immediately available for trading after arriving at IBKR |
| Withdrawal Hold(s): | 3 business days for electronic; 6 business days for paper |
Please update the Mail A Check section to:
Mail a Check
- Send a paper check to IBKR.
| Availability | Available only to Canadian Bank account holders |
| Required Information: | Follow the instructions on the printable deposit form that includes specific instructions and mailing addresses |
| Speed: | Mailing processing times will vary by location |
| Limits: | Generally no limits, however transfer limits may be set by your bank |
| Fee(s): | Fees are determined by your bank, but generally free |
| Trading Availability: | You can begin trading the funds you deposit via check 7 business days after the check arrives at IBKR. |
| Withdrawal Hold(s): | 7 business days |
Withdrawals
Withdrawals
- Access your funds with our streamlined withdrawal process. This section shows you how to transfer money from your IBKR account back to your bank. We have made retrieving your funds straightforward so you can access your money when you need it.
Quick Start: WITHDRAW FROM YOUR ACCOUNT
- Log in to the Client Portal
- Select Transfer & Pay and then Transfer Funds menu options
- Select Withdraw Funds followed by the desired Withdrawal Method
- Click Use the Method to get started
Important CAD Withdrawal Information
- IBKR allows 2 free withdrawals per 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 IBKR website for more details.
Transfer Methods
IBKR provides withdrawal options depending on which IBKR entity services your account, as certain withdrawal methods may be entity-specific. Available method(s) differ in processing time, limits and associated fees. Review the details below to understand your options.
- Bank Wire
Bank Wire
- One-time setup of a withdrawal destination at IBKR to tell us where to send the funds via the SWIFT Network.
| Availability | IBKR LLC, IB Canada, IB Hong Kong and IB UK |
| Speed: | Receive the funds next day |
| Limits: | Daily limits apply depending on your secure login device. May be subject to further review by your bank |
| Fee(s): | IBKR charges a fee of CAD 12.00 for subsequent withdrawals beyond the complimentary allowance. Your bank may charge a fee for incoming wires |
Other Considerations
Unacceptable Deposit Methods
The following deposit methods are not accepted for CAD:
- Physical cash (coin or currency) – IBKR does not support physical cash deposits or over-the-counter transactions at bank branches.
- Bank checks (Otherwise defined as Treasurer's, Cashier's, Teller's, Banker's, or Official Checks)
Third-Party Deposits and Withdrawals
- Third-party deposits are funds that originate from an account not owned by the receiving IBKR account holder. IBKR generally discourages and reserves the right to reject third-party deposits due to industry-wide fraud and money laundering concerns.
- IBKR considers requests to withdraw funds to a bank account not held in your name, but approval is not guaranteed and can require additional screening. For faster processing it is recommended to withdraw funds to your own bank account. Note that this service is not available for IBA, IBIN, IBSJ, and IBSG customers.
Digital Wallet Providers
- IBKR does not support digital banks when the bank is based on a digital wallet. IBKR does not recommend sending funds from a payment processor as funds are often sent without the payment details or sufficient information. This can lead to significant delays in allocating the deposit to your brokerage account or in some cases, to the rejection of the payment. Please see Deposit instructions for payment apps for more information.
Other Restrictions
- For anti-money laundering compliance, residents of high-risk countries face restrictions on transfers between countries and can only withdraw to accounts they previously deposited from. We may limit your transfer destinations regardless of location, and changing your base currency requires a 5-day waiting period before withdrawals. Restricted transactions will be automatically blocked. Please see Funds transfer restrictions for more information.
Top Deposits and Withdrawals FAQs