Who is eligible to enroll in the Insured Bank Deposit Sweep Program?

The Insured Bank Deposit Sweep Program is available to only those non-U.S. residents whose account is carried with IBLLC, the U.S. broker, or IB-UK, the introducing broker. A foreign tax ID or national ID number is required if clients do not have a U.S tax ID…

Your joint account was not invited to enroll in the Insured Deposit Sweep Program because your joint account may have insufficient funds, a non-valid tax ID, the joint ownership is not 50/50 or at least one co-owner is already enrolled in the Insured Bank Deposit Sweep Program from a separate joint account…

When enrolling in the Insured Bank Deposit Sweep Program, we are required to collect your tax ID or equivalent local unique identification number (e.g. passport number) that your country of legal residence uses to identify its citizens.

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Free credit balances above $250,000 will be swept to one or more banks in the Insured Bank Deposit Sweep Program. Free credit is generally defined as USD cash in your IBKR account in excess of margin requirements and short stock value, within the minimum and maximum balance criteria for the Program…