IBKR offers the ability to link your Wise account with your Interactive Brokers account. Once linked, you can use your Interactive Brokers account to initiate a transfer of funds from your Wise account and/or withdraw funds to your Wise account.
Please note: If it is your first time using Wise as a funding method, you will be redirected to wise.com to authorize your Wise account to be linked to Interactive Brokers. If you currently do not have an account at Wise, you will be prompted to create one. This linkage only needs to be established once.
To deposit funds via Wise: Log in to Client Portal and select Transfer & Pay and then select Transfer Funds. Click Deposit Funds and select the Currency you would like to deposit from the drop down menu. Upon selecting an eligible currency, select “Bank Transfer Via Wise” OR "Transfer from Wise balance" as the funding method.
Bank Transfer via Wise: Deposit Romanian Leu (RON), Malaysian Ringgit (MYR), or Indonesian Rupee (IDR) from your local bank account into a Wise bank account. Wise will convert your funds into an IBKR-supported currency (see Note) for this method and deposit it into your IBKR account.
Transfer from your Wise Balance: Initiate a funds transfer from your Wise multi-currency account to your IBKR account. Wise converts your funds into a IBKR-supported currency (see Note) for this method and transfers the funds to your IBKR account.
Once you have a linked Wise account, you will be presented with the Quote screen. The Source Currency will populate with the currency you selected above, and you will need to choose a supported currency (see Note) to be deposited into your Interactive Brokers account. You can modify the quantity of the Source Currency to see the applicable fees, current FX rate, the amount of the Target Currency that will arrive in your Interactive Brokers account and the expected arrival time. Once confirmed, you will be given the Wise bank account details and instructions to send the funds.
To withdraw funds to your Wise account: Login to Client Portal and select Transfer & Pay followed by Transfer Funds. Click Withdraw Funds and select the Currency you would like to withdraw from the drop down menu. Upon selecting an eligible currency, select “Transfer to Wise” as the withdrawal method.
You will be prompted to create your withdrawal destination with the information pre-populated from Wise. Once created, you will be presented with a screen with your saved destinations, and your newly created destination will display as “Transfer to Wise”. Choose this selection, enter the amount, and submit the withdrawal request for processing.
Note
- Supported Currency: EUR, USD, GBP, AUD, HUF, CHF, SGD (not supported for IBIE) or NZD (not supported for IBIE and IBSG)
- Supported Individual and business clients of: IBLLC, IB-UK, IBIE, IB-HK, IB-AU and IB-SG are eligible to use Wise funds for transfers.
Additional Information