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 CZK Deposit Information
What transfer method can I use to fund my account in CZK?
- IBKR does not currently offer a local bank account in the Czech Republic. Depending on your IBKR entity, you may be directed to deposit CZK into an IBKR bank account held at a bank in Germany. This account is denominated in CZK and can receive CZK transfers without issues.
- You must instruct your bank to transfer CZK, not EUR. Even though the destination bank account may be located in Germany, do not select to transfer EUR and do not select SEPA as the transfer method (SEPA is only valid for EUR transfers).
- Certain Czech banks may default to EUR when using mobile applications if the destination bank is in Germany. We strongly advise using your bank's desktop application instead. Banks known to be affected include:
- mBank
- ČSOB
- Komerční Banka
- Equa bank
- Česká spořitelna.
- Contact your bank to confirm how to properly send CZK transfers.
- If you send EUR to IBKR's CZK-denominated account, the funds will be automatically returned to your bank. IBKR will not be informed or involved in the return process, which can be lengthy and may incur fees.
- Czech banks use domestic transfers for CZK within the Czech Republic, while transfers to IBKR's German bank account are international SWIFT transfers. Cross-border payments involve correspondent banks and may take longer (1-4 business days) compared to domestic transfers (same day to 1 business day).
- 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 CZK 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
Bank Transfer
- Set up a template at your bank to transfer funds from your bank to your IBKR account.
| Availability | All entities except IB Australia, IB Singapore, IB India and IB Japan |
| Required Information: | Sending bank details (sending institution name and account number), and IBKR's provided bank account details |
| Speed: | 1 business day or less for local transfers. 1 to 4 business days for international transfers |
| Limits: | Transfer limits may be set by your bank |
| Fee(s): | Determined by your bank, generally fees do apply |
| 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 Hong Kong, IB Ireland, and IB UK |
| 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 |
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 CZK 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 | All entities except IB Australia, IB Singapore, IB India and IB Japan |
| 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 CZK 300.00 fee for subsequent withdrawals beyond the complimentary allowance. Your bank may also charge fees for incoming funds |
OTHER CONSIDERATIONS
Unacceptable Deposit Methods
The following deposit methods are not accepted for CZK:
- Physical cash (coin or currency) – IBKR does not support physical cash deposits or over-the-counter transactions at bank branches.
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 an account not in your name, but approval is not guaranteed and requires additional reviews. 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