An Online Bill Pay can be sent by your bank as an electronic payment or as a physical check. The method your bank chooses is out of IBKR's control. In the event the sending institution sends a check to IBKR, our standard six business day hold policy will apply. This policy was implemented to protect against preventable losses due to reversals. A check deposit may be reversed for several reasons, including but not limited to, insufficient funds, stop payment, and invalid and/or missing information. Clients are encouraged to send funds via a bank check or a wire if they wish for immediate availability of funds.
Additional Information
- Limitations and credit and withdrawal hold periods for Online Bill Payment deposits can be found on our website.