Why was my joint account not invited 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…

The Insured Bank Deposit Sweep Program is offered to both US and foreign individual, joint (50/50 ownership only), IRA and organization securities accounts held at IBLLC, the U.S. broker, or IB-UK, the introducing broker with USD free credit cash balances above $250,000. A foreign tax ID or national ID number is required if clients do not have a U.S tax ID…

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…

Important Considerations

You must monitor the total amount of cash on deposit with each program bank. This total includes your Insured Bank Deposit Sweep Program balances and any other FDIC-eligible deposits you may hold at the same program bank in the same ownership category…