INITIATE FUNDS TRANSFER or INTERNAL FUNDS TRANSFER
To transfer funds from another institution to your IBKR account you will first need to create a deposit notification. To create a deposit notification:
- Log in to your IBKR account via Client Portal
- Select the Transfer & Pay menu followed by Transfer Funds
- Within the Deposit Funds tab select CAD as the currency for this deposit from the pull down menu (You can only deposit CAD into your TFSA account. However, you are allowed to convert CAD into USD freely within your TFSA)
- Click the “How to” button for the method you will be using to transfer funds
- Provide the requested information and follow on screen prompts.
To transfer funds internally between IBKR taxable account to your TFSA account please follow the steps below:
- Log into your IBKR account via Client Portal
- Select Transfer & Pay followed by Transfer Funds
- Select Transfer Funds Between Accounts or Internal Transfer between your IBKR accounts
- Follow the prompts in order to complete your request.
Please Note
- You may be asked to provide the name and account number for the institution you are transferring funds from and the amount IBKR should expect to receive.
- Once the deposit notification is complete, you may need to contact the institution that is transferring funds to initiate the transaction.