What are payment transfer methods for USD?

There are several different transfer methods available depending of the location of your bank for USD transfers.

Bank Wire

To make a wire deposit to your account you will first need to provide a deposit notification through Client Portal. Once logged in to Client Portal, select the Transfer & Pay and then Transfer Funds menu options. From there you will select "Make a Deposit" followed by the Deposit Method of "Bank Wire". Click the "Get Instructions" button to get started. 

You will then be prompted to input your delivering bank details including deposit amount, currency of denomination and sending institution. Once that information has been input you will be provided with all the details (e.g., ABA number, Swift BIC Code and bank account number) in a printable form which you, in turn, can provide to your bank in order for it to initiate the wire transfer.

Please note that creation of this notification is essential as the details necessary for your bank to wire funds vary by the currency in which the wire is denominated. In addition, this notification also serves to ensure that the funds are properly matched to your account immediately upon arrival.

Direct ACH Transfer

One-time setup at your bank to link to your IBKR account. After linking accounts, log in at your bank to initiate transfers.

ACH

Automated Clearing House (ACH) deposits/withdrawals may be made to your IBKR account from and to your bank. The method referred to as ‘Connect Your Bank’ means your transfer request will be automatically processed through a message sent to your bank by IBKR.  Prior to using this method, you will need to create a standing instruction through Transfer and Pay which authorizes IBKR and your bank to electronically transfer funds between the two accounts. 

Online Bill Payment

Online Bill Payment is only available in USD. One-time setup of IBKR as a payee in your bank's bill payment application. After initial set-up, use your bank's bill payment application to move funds from your bank to IBKR.

Check

(For paper and mail based deposit of funds)

Before sending your check deposit, you should write your account number on the check. We highly encourage you to create a deposit notification, which allows us to efficiently identify your incoming funds for proper credit to your account. The specific mailing instructions, including the printing of the deposit form, and addresses will be displayed during the deposit notification process. The IBKR address for sending your check will be printed on the deposit form. Upon receipt of this deposit the notice should update to provide the availability date of the deposit.

Mobile Check

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).

Request for Payment (RFP)

Request for payment is a message that you could send via IBKR and its supporting bank to your bank to trigger a real-time credit transfer directly to your IBKR account. Your bank will prompt you via push notification or e-mail to review and approve the payment request.

Upon receiving your approval, your bank will send a real-time credit transfer directly to IBKR's bank and IBKR will credit your account. Real-time payments are done on a 24x7xx365 payments managed by the Clearing House and available to all federally insured U.S. depository institutions.

Wise

IBKR offers the ability to link your Wise account with your Interactive Brokers account. Once linked, you can use your Interactive Brokers account to initiate a transfer of funds from your Wise account and/or withdraw funds to your Wise account.

Please note: If it is your first time using Wise as a funding method, you will be redirected to wise.com to authorize your Wise account to be linked to Interactive Brokers. If you currently do not have an account at Wise, you will be prompted to create one. This linkage only needs to be established once.

To deposit funds via Wise: Login to Client Portal and select Transfer & Pay followed by Transfer Funds. Click Make a Deposit and select the Currency you would like to deposit from the drop down menu. Upon selecting an eligible currency, select “Bank Transfer Via Wise” OR "Transfer from Wise balance" as the funding method.

Bank Transfer via Wise: Offers a direct integration to deposit foreign currencies. Wise will convert your funds into an IBKR-supported currency for this method (which is EUR/USD) and deposit it into your IBKR account. Please note that this option requires the creation or linking of a Wise account.

Transfer from your Wise Balance: Initiate a funds transfer from your Wise multi-currency account to your IBKR account. Wise converts your funds into a IBKR-supported currency for this method (which is EUR/USD) and transfers the funds to your IBKR account.

Once you have a linked Wise account, you will be presented with the Quote screen. The Source Currency will populate with the currency you selected above, and you will need to choose a Target Currency to be deposited into your Interactive Brokers account (eg USD or EUR). You can modify the quantity of the Source Currency to see the applicable fees, current FX rate, the amount of the Target Currency that will arrive in your Interactive Brokers account and the expected arrival time. Once confirmed, you will be given the Wise bank account details and instructions to send the funds.

How long will it take for my USD transfer to arrive?

*Please consult with the sending institution about the costs to process your payment as this may vary by financial institution. IBKR does not charge fees for the deposit of funds.

Note: IBKR credits funds real-time upon receipt under normal circumstances. Please note that we do not have influence on the speed of transfer. You may consult with the sending institution regarding their processing times and cut off times. Payments that are subject to additional review may take longer to credit.