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Withdrawing Funds to a Third Party

The Fund Transfers page lets you request a wire withdrawal of funds from your account to an eligible third party. Only wire withdrawals are allowed. A third-party withdrawal is a two-step process:

  1. Enter third-party information and submit it to us for approval.
  2. Upon approval of the payee information, create and submit a third-party withdrawal request using the approved information as the bank information for the withdrawal. Note that the actual withdrawal request is also subject to approval.

Who is eligible to withdraw funds to a third party?

The following IB LLC, IB UK, IB HK and IB Canada accounts are eligible to withdraw funds to a third party:

The following accounts are NOT eligible to withdraw funds to a third party:

To enter third-party information and submit it to us

  1. Click Funding > Fund Transfers.
  2. If you have a master account, use the Account Selector to search for client or sub accounts by Account ID, Account Title or Account Alias, then select the desired client or sub account.
  3. In the Transaction Type list, select Third Party Withdrawal.

  1. Select your currency from the Currency list.

Wire is pre-selected for you as the withdrawal method.

  1. In the Wire Type section, select a wire type.

  1. Select the country of the financial institution that will receive the wire on behalf of the third party.

  1. Fill in the rest of the information about the financial institution that will receive the wire on behalf of the third party.

  1. If you do not know your bank's routing number, click the Search button next to the routing number field.

Then enter information about your bank in the popup window and click Continue.

A list of all banks along with their routing numbers appears. Select your specific bank. The routing number for the bank you select will be entered into the routing number field for you.

  1. Fill in the information about the third-party payee.

  1. Enter a Name for the bank instruction that will be saved with your bank information.

  1. Click Continue to submit the third-party payee information to us for approval.

You will be notified when we approve the information.

To withdraw funds to a third party via a wire transfer

  1. Click Funding > Fund Transfers.
  2. If you have a master account, use the Account Selector to search for client or sub accounts by Account ID, Account Title or Account Alias, then select the desired client or sub account.
  3. In the Transaction Type list, select Third Party Withdrawal.
  1. Select your currency from the Currency list.

Wire is preselected for you as the withdrawal method.

  1. You are asked if you want to use previously saved bank information. From the drop-down, select the approved bank information that you previously submitted for your third-party withdrawal.
  2. Type the amount of your withdrawal in the Amount field.
  1. Click Continue to submit your third-party withdrawal request.