Deposit Funds with IBKR Mobile Check Deposit

Overview: 

US clients using IBKR Mobile with IB Key two-factor authentication can deposit endorsed checks drawn on a US bank into their account from anywhere using Mobile Check Deposit.

Mobile Check Deposit is NOT supported for: IRAs, MMCs, partitioned accounts or Advisor Masters (Advisors cannot deposit into client accounts).

To use Mobile Check Deposit:

  • You must be a US client.
  • The check must be drawn on a US bank.
  • The check must be properly endorsed.
  • You must have IBKR Mobile installed on your phone.
  • You must have activated IB Key two-factor authentication on the IBKR Mobile app.
  • It must not be your first deposit.

To find out more about how to install IBKR Mobile, visit the IBKR Mobile web page.

For information on how to activate IB Key on IBKR Mobile, see the Users’ Guide:
Using Mobile Check Deposit
Once you have installed IBKR Mobile and activated IB Key, you can use IBKR Mobile to deposit checks into your account.
  1. Log into IBKR Mobile, and tap More to open the menu.
  2. In the top left corner, tap Services, and then select Banking.
  3. From the Banking menu, select Deposit Check and if necessary read and accept the disclosure.
  4. Set up your deposit:
    • a. If you hold multiple accounts with IBKR, select the account for the deposit in the Deposit to field.
    • b. Enter the amount of the deposit in the Amount field.
    • c. Scan the front and back of your check using the camera function on your phone. You may be asked to allow IBKR Mobile to access your camera. Please be sure that you have properly endorsed your check.
  5. When you are satisfied with your scanned images, tap Deposit Check at the bottom of the screen.
  6. Validate with IB Key as required.
Timelines and Limitations
  • Once the deposit has been approved and processed, the funds are deposited into your IBKR account. Funds are generally available to use within six (6) business days after the deposit has been approved.
  • Currently available for US clients and for checks drawn on US banks.
  • Requires active IB Key protocol for two-factor authentication.
  • To find out the daily limit and 30 day limit on check deposits, tap “What is my daily limit?” on the Deposit Check screen.