Are non-U.S. residents allowed to participate in the Insured Bank Deposit Sweep Program?

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 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…

If you exceed the FDIC coverage limit at a bank assigned to hold your deposits, you can opt out of that bank via the tools in the Client Portal:

1. Log in to Client Portal.…

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…