Transfer Funds

The Transfer Funds screen lets you view the funds status of your account and initiate deposits and deposit notifications, withdrawals and internal fund transfers. Simply make your selections and follow the instructions on the screen.

For more information about funding, see our Funding Reference.

Check the Status of Your Funds

The status of your funds is displayed in the Transaction Information section at the bottom of the screen, including Cash Available for Withdrawal (assuming margin loan), Cash Available for Withdrawal (without margin loan) and Amount.

Deposits and Deposit Notifications

A deposit notification does not actually move funds; you must make arrangements with your bank or broker to deposit the funds. We support the following deposit and deposit notification methods:

• ACH – Currency must be USD, account must use two-factor authentication. Not supported in Canada, India, Australia or Japan.
• BPAY Notification – Currency must be AUD and account entity must be IB-LLC or IB-HK.
• Bill Pay Notification - If currency is USD, account entity must be IB-LLC or IB-UK;  if currency is CAD, account must be in Canada.
• Check Notification - If currency is USD, account entity must be IB-LLC or IB-UK.
• EFT – Currency must be USD or CAD, account must be in Canada.
• Wire Notification - Not supported for RMB.
• Zengin Wire Notification – Account must be in Japan and curency must not be RMB..

For IRA account:

• Direct Rollover Notification – Currency must be USD.
• Trustee-to-Trustee Notification – Currency must be USD.
• Late Rollover Notification – Currency must be USD.

Withdrawal Requests

We support the following deposit and Withdrawal methods:

• ACH – Not supported in Canada, India, Australia or Japan.
• Check – Currency must be USD, account entity must be IB-LLC and account must have United States mailing address.
• EFT – Canada only.
• NEFT – India only.
• RTGS – India only.
• SEPA – Currency must be EUR and account entity must be IB-LLC or IB-UK.
• Wire – Not supported in India.
• Zengin Wire –Japan only.
• Low Value Payments - GBP, HK, CNH, NZD, SGD currency only.

Internal Transfers

We support the following internal transfers:

• Transfer funds between accounts with identical name, type and Tax ID
• Transfer funds to a client or sub account
• Transfer funds between a master account and a client or sub account

Note that funds that are on hold (for example, a Wire deposit has a three-day hold period) cannot be internally transferred.

Third-Party Wire Withdrawal Requests

You can 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 payee information and submit it for approval.
2. Upon approval of the third-party payee information, submit a third-party withdrawal request for payment to the approved third party. Note that your third-party withdrawal request is also subject to approval.

For third-party withdrawal eligibility requirements, see our Funding Reference.

Saving and Using Bank Information

Bank information contains information about the financial institution involved in a funding transaction in your account.

When you set up a deposit, deposit notification or withdrawal, we prompt you to save the information about your financial institution. This bank information is saved as a bank instruction. Once you save bank information, you can reuse it for future funding transactions.

View all of your saved bank information in Funding > Saved Information.

Recurring Transactions

You can schedule any deposit or withdrawal transaction to recur at monthly, quarterly or annual intervals EXCEPT Direct Rollovers and Trustee-to-Trustee deposits, which are only available for IRA accounts.

View all of your recurring transactions in Funding > Saved Information.