I have selected "I have an existing PEA with another provider" but now I decided to close it rather to transfer to IBKR. What should I do?

In case you selected initially that "I have an existing PEA Account with another provider" but later decided that you rather close your existing Plan d'épargne en actions (PEA) Account with your other provider, you must adjust your initial choice in order for you to fund and trade on your IBKR PEA account.

Please follow the below steps:

• You have already created a PEA Transfer request in Client Portal:

1. Contact Customer Service via ticket from the Secure Message Center selecting topic "Position Transfer" and Subject " Cancel PEA Transfer.
2. Confirm that your existing PEA account at your other provider is closed or not activated (not funded in cash or securities) and ask to cancel your PEA Transfer order.
3. IBKR will confirm to you the cancellation of your transfer.
4. Follow the steps in Client Portal to change the status of your PEA Account to "I do not have an existing PEA at another provider" by following the steps:
   1. Login to Client Portal
   2. Click Transfer & Pay then Transfer Funds.
   3. Select from the account selector your PEA Account.
   4. Select Contribute
   5. Select "I do not have an existing PEA account at another provider" below the warning.
   6. Once confirmed you can contribute to your IBKR PEA account.

• You have not yet created a PEA Transfer request in Client Portal:

1. Login to Client Portal
2. Click Transfer & Pay then Transfer Funds.
3. Select from the account selector your PEA Account.
4. Select Contribute
5. Select "I do not have an existing PEA account at another provider" below the warning.
6. Once confirmed you can contribute to your IBKR PEA account.

Note

• Ensure that your existing PEA account at your other provider is closed or not activated (not funded in cash or securities) as PEA regulations dictate that individuals may only have a single PEA account open at a given time.