Why do I have to provide my tax ID 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…

The cash withdrawal process will remain the same for those who participate in the Insured Bank Deposit Sweep Program. Withdrawal requests from the Deposit Accounts are processed for next day value, i.e., they are subject to a one-day delay.

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No, the Insured Bank Deposit Sweep Program is not available to IBKR Lite clients.

Information on the Insured Bank Deposit Sweep Program can be found on our website…