The Request for Payment limit is determined by your bank. Initially limits are expected to be modest (approximately $5,000 to $10,000), but are expected to increase in the future. The RTP network's current credit transfer limit is $1,000,000.
Is there a limit to how much I can deposit through RFP?
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What is a Request for Payment (RFP)?
Request for Payment (RFP) is a message that you could send via Interactive Brokers (IBKR) and its supporting bank to your bank to trigger a real-time credit transfer directly to your IBKR account. Your bank will prompt you via push notification or e-mail to review and approve the payment request. Upon receiving your approval, your bank will send a real-time credit transfer directly to IBKR's bank and IBKR will credit your account. Real-time payments are done on a new 24x7x365 payments platform managed by The Clearing House and available to all federally insured U.S. depository institutions…
The payment reference field is limited in character length. What should I do?
The "Payment Reference/For further credit to" field of your wire deposit routing instructions includes your Interactive Brokers account number and account title. In case the number of characters you can input in your sending bank's online platform to instruct the wire transfer is limited, please enter only your Interactive Brokers account number as Payment Reference…
Request for Payment (RFP) FAQs
What is Request for Payment ?
Request for payment ("RFP") is a message that you could send from the Client Portal to your bank to trigger a real-time USD transfer into your account with us…
What does the message "Gross Order Total Exceeded" mean?
The message "Gross Order Total Exceeded" ("GOT Exceeded") will appear when the IBKR credit limit for the total value of all open orders sent to a specific exchange is reached. Once this current credit limit is reached, the current total order value must be manually reviewed so IBKR's credit limit at that exchange can be increased. This normally happens seamlessly throughout the day but it is possible that this review can take a short time to complete. Once reviewed and the gross total order value credit limit is increased, new orders can then be accepted and routed to that exchange. This is one of many safety features implemented by regulators to try and avoid another "Flash Crash" situation…