WITHDRAW FUNDS TO A NEW BANK ACCOUNT
Although it is possible to withdraw funds to more than one bank or brokerage account in the same name as the IBKR account holder, as part of its anti-money laundering efforts, IBKR implements restrictions on certain client deposits and withdrawals. Find out more about Funds Transfer Restrictions in the IBKR Knowledge Base.
Use the button above or follow the below procedure to create new bank instructions:
- Log in to Client Portal
- Click Transfer & Pay followed by Transfer Funds
- Click Withdraw Funds
- Select the Currency from the currency list to see eligible methods
- Click Use this Method next to your desired method and complete the subsequent screens to complete your request
- Proceed through the subsequent screens to complete all of the required information
- If prompted, confirm your identity
- Click CONTINUE or Confirm Withdrawal to submit your withdrawal request.
Please Note: If you receive a message stating you must withdraw funds to the same bank you deposited money from, you can add your desired bank by first making a deposit from the respective bank.
Important:
- Third party withdrawal instructions and requests are subject to review and approval prior to processing. Please allow 2-5 business days.
- If you are transferring to a new bank account, you will need to add it to your withdrawal instructions if it is not already listed.
- For new bank accounts, you may need to initiate a deposit from that account first. Once funds are received, the bank information will be saved in the system.
- Provide accurate banking details, including any necessary routing or SWIFT codes for international transfers.
- Additional verification may be required, especially for international transfers.
- Be aware of potential withdrawal restrictions and limits.
Find more information on entering withdrawals in the Client Portal Users' Guide.
Additional Information