My bank debited my account for the Fedwire that I sent to IBKR but IBKR has not yet credited the funds to my account. Why?

IBKR's bank typically posts incoming wires to IBKR's bank account within a few minutes. However, delays to the posting may occur if the volume of Fedwire activity is significant at that time.

IBKR retrieves incoming wires to its bank accounts every 15 minutes during business hours and, if there is match to a deposit notification then our system automatically posts the funds to the client's account. Posting delays to an IBKR account can occur because:
  • the client didn't submit a deposit notification
  • the sending bank improperly formatted the wire (and therefore client identifiers do not appear on IBKR's bank reports)
  • the sending bank misspelled the client’s name or incorrectly input other client identifiers so an automatic match to the deposit notification cannot occur
  • IBKR's bank didn’t display the client identifiers on its bank reporting system (we then ask our bank for additional details on the incoming wire)
If IBKR can't identify the client, our policy is to return the funds to the sending bank.