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How to deposit ZAR to Interactive Brokers

What is an International Bank Transfer (SWIFT) for ZAR?

As IBKR`s bank account for ZAR is located in the UK, your bank will be able to transfer ZAR via international bank transfer (SWIFT payment).

Your bank will require the IBAN and SWIFT code of our bank to process your payment.

South African Residents only:

The South African Reserve Bank (SARB) has currency exchange control rules in place for South African residents. Find detailed information using the below link:

https://ibkr.info/article/2888

Current Situation

Our cashiering account is a non-resident account. Therefore, we are permitted to:

  • Receive deposits in ZAR from other non-resident accounts.
  • Disburse ZAR from our cashiering account to non-resident accounts.
  • Receive deposits from accounts of South African residents.
  • Disburse ZAR to accounts of South African residents.

SWIFT payment

The Society for Worldwide Inter-bank Financial Telecommunication - SWIFT - is a network that allows banks to communicate financial information securely.

SWIFT payments are offered by most banks for international money transfers and involve a series of banks which work together to make sure your money arrives at your account.

If you transfer ZAR from a financial institution outside of South Africa, the payment would likely be routed via a correspondent bank located in South Africa before reaching your account. Such payments are know as cross-border payments and often take more time to complete because of the complexity associated with involving multiple banks.

Processing bank transfers involves a number of steps – particularly for cross-border payments. These are sent via the correspondent banking network and typically pass between several different banks along the way. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.

There are a number of reasons why cross-border payments may be delayed or held up. First, not all account balances can be updated outside the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions.

Difference between domestic and international bank transfer

Banks make a domestic transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.

How long does it usually take for my funds to arrive?

Payment Type

Timing

Approximate Cost*

RTGS (Domestic) payment

same day up to 1 business day

free of cost or very low cost

International bank transfer (SWIFT)

from 1 to 4 business days

vary by bank

*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.

IBKR credits funds real-time upon receipt . Please note that we do not have influence on the speed of transfer. You may consult with your bank regarding their processing times. Payments that are subject to additional review may take longer to credit.

How to deposit AED to Interactive Brokers

What is an International Bank Transfer (SWIFT) for AED?

As IBKR's bank account for UAE dirham (AED) is located in the UK, your bank will be able to transfer AED via international bank transfer (SWIFT payment).

Your bank will require the IBAN and SWIFT code of our bank to process your payment. Your bank may also ask you to provide the correspondent bank of our bank for AED transfers which will also be displayed upon completing a deposit notification. Please note that in most cases your bank will select the correspondent bank automatically and there will be no need to enter those details in your online banking.

Please ensure that you send funds to our bank located in the UK using the IBAN starting with "GB". Funds that are sent directly to the correspondent bank will not be accepted and will be rejected. Fees may apply for the return of the funds. Please ensure you select AED as the currency if your bank asks if you'd prefer to have it sent in local currency.

 

SWIFT payment

The Society for Worldwide Inter-bank Financial Telecommunication - SWIFT - is a network that allows banks to communicate financial information securely.

SWIFT payments are offered by most banks for international money transfers and involve a series of banks which work together to make sure your money arrives at your account.

If you transfer AED from a financial institution outside of the United Arab Emirates, the payment would likely be routed via a correspondent bank before reaching your account. Such payments are known as cross-border payments and often take more time to complete because of the complexity associated with involving multiple banks.

Processing bank transfers involves a number of steps – particularly for cross-border payments. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.

There are a number of reasons why cross-border payments may be delayed or held up. First, not all account balances can be updated outside the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions.

Difference between domestic and international bank transfers

Banks make a domestic transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.

How long does it usually take for my funds to arrive?

Payment Type Timing Approximate Cost*
International bank transfer (SWIFT) from 1 to 4 business days vary by bank

*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.

IBKR credits funds real-time upon receipt. Please note that we do not have influence on the speed of transfer. You may consult with your bank regarding their processing times. Payments that are subject to additional review may take longer to credit.

USD Deposit Types with Interactive Brokers

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?

Payment Type

Timing

Approximate Cost*

Direct ACH Transfer

One-time setup at your bank to link your IBKR account.  1 business day or less after initial setup.

 Free

ACH

One -time setup of a template at IBKR to link to your bank account. After 4 business days. However, subsequent deposits maybe available immediately.

Limited to $100K per seven days.

Free
Bank Wire Depends on the banks involved - Take 1 - 4 days on average, longer for some destinations

Determined by your bank, fees do not apply
Online Bill Pay One-time setup of IBKR as a payee in your bank's bill payment application.  Available in 1 to 6 bus days, determined by your bank. Fee are determined by your bank, but generally free.
Check

Available six business days after check arrives at IBKR. Bank Checks are available immediately upon receipt. Withdrawal hold still applies

Fee are determined by your bank, but generally free.
Mobile Check Available six business days after check arrives at IBKR. Fee are determined by your bank, but generally free.
Request for Payment (RFP) Real-time payments are done on a 24x7xx365 payments managed by the Clearing House and available to all federally insured U.S. depository institutions. Free
Wise

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.

 

 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.

 

*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.

 

How to deposit TRY to Interactive Brokers

What are RTGS transfers and International Bank Transfers (SWIFT) for TRY?

There are two different transfer methods available for transferring TRY depending of the location of your bank.

RTGS (Real Time Gross Settlement System/domestic) transfers are available at banks located in Turkey for bank-to-bank transfers while banks located outside of Turkey will likely offer International Bank Transfers (SWIFT).

In both cases your bank may just require the IBAN and SWIFT code of our bank to process your payment.

RTGS payments

RTGS (Real Time Gross Settlement payment) is a special type of payment where the transfer of money takes place from one bank to another within Turkey on a real time and gross basis.

Settlement in real time means the payment is not subject to any excessive waiting period. You usually are required to know the IBAN and SWIFT of the receiving bank account. Your bank will automatically select the payment system based on your location and you will likely have no choice to select in your online banking. Otherwise, please consult with your bank for information about how they process your payment.

SWIFT payment

The Society for Worldwide Inter-bank Financial Telecommunication - SWIFT - is a network that allows banks to communicate financial information securely.

SWIFT payments are offered by most banks for international money transfers, and involve a series of banks which work together to make sure your money arrives at your account.

If you transfer TRY from a financial institution outside of Turkey, the payment would likely be routed via a correspondent bank located in Turkey before reaching your account. Such payments are known as cross-border payments and often take more time to complete because of the complexity associated with involving multiple banks.

Processing bank transfers involves a number of steps – particularly for cross-border payments. These are sent via the correspondent banking network and typically pass between several different banks along the way. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.

There are a number of reasons why cross-border payments may be delayed or held up. First, not all account balances can be updated outside the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions.

Difference between domestic and international bank transfers

Banks make a domestic transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.

How long does it usually take for my funds to arrive?

Payment Type

Timing

Approximate Cost*

RTGS (Domestic) payment

same day up to 1 business day

free of cost or very low cost

International bank transfer (SWIFT)

from 1 to 4 business days

vary by bank

*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. Please note that we do not have influence on the speed of transfer. You may consult with your bank regarding their processing times. Payments that are subject to additional review may take longer to credit. 

How to deposit NZD to Interactive Brokers

What are the available transfer methods to deposit NZD to Interactive Brokers?

If your bank is located in New Zealand, your bank will transfer NZD as a domestic payment/local Electronic Transfer with low or no cost.

If your bank is located outside of New Zealand, your bank may only offer an international bank transfer (SWIFT) to transfer NZD which will generate bank charges.

Local Electronic Funds Transfer

If you transfer from a financial institution located in New Zealand, they usually process your NZD payment as a local transfer.

By entering the full 15 or 16-digit bank account number which contains the bank code, branch code and our IBKR bank account numbers, the system will automatically recognize it as local and process the payment accordingly.

SWIFT payment for a sender bank outside New Zealand

The Society for Worldwide Interbank Financial Telecommunication - SWIFT - is a network that allows banks to communicate financial information securely.

SWIFT payments are offered by most banks for international money transfers, and involve a series of banks which work together to make sure your money arrives at your account.

If you transfer NZD from a financial institution outside of New Zealand, they may require the use of an intermediary or a correspondent bank to route the payment through before reaching our bank account. These are called cross-border payments.

Bank transfers can take time to complete, particularly when it comes to cross-border payments. Clients are increasingly accustomed to a payments experience that feels instant, but making a payment to another country can be much more complex and time-consuming.

Processing bank transfers involves a number of steps, particularly for cross-border payments. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.

There are a number of reasons why cross-border payments may be delayed or held up. First, not all account balances can be updated outside the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions. In order to avoid delays in processing your fund deposits, please include your IBKR Account number and your full name in the transaction payment which allows our system to apply the funds into your IBKR account as soon as possible.  

Difference between domestic and international bank transfers

Banks make a local electronic funds transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer via SWIFT. The main differences between these two bank transfers are the processing time and higher costs of transfer via SWIFT.

How long does it usually take for my funds to arrive?

Payment Type

Timing

Approximate Cost*

Local NZD Electronic Transfer

1 – 2 business days

free or very low cost

SWIFT

from 1 to 4 business days

vary by bank

*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.

 

Financiación a través de Wise

¿Qué es Wise?
Wise (anteriormente TransferWise) es un servicio internacional de transferencia de fondos en línea que admite 55 divisas en 80 países y que ofrece principalmente servicios transfronterizos de transferencia de fondos y cambio de divisas. Wise ofrece comisiones por transacción más bajas que las transferencias bancarias transfronterizas, llegan más rápido que estas y ofrecen tipos de cambio competitivos.

Gracias a nuestra colaboración con Wise, IBKR puede ofrecerle los siguientes servicios al iniciar sesión en la plataforma de IBKR:
  • Vincule su cuenta de IBKR a su cuenta de Wise para obtener financiación.
  • Transfiera divisas no admitidas directamente por IBKR (p. ej., RON, BGN, MYR o IDR) desde su banco local a Wise, convierta en Wise y acredite su cuenta de IBKR con una divisa admitida (p. ej., EUR, USD, etc.).
  • Transfiera el saldo actual de Wise a su cuenta de IBKR y viceversa.
 
¿IBKR permite realizar depósitos y retiradas a través de Wise?
Sí, los clientes pueden depositar fondos en sus cuentas de IBKR a través de Wise y también pueden retirar fondos de sus cuentas de IBKR a sus cuentas de Wise.
 
¿Quién puede utilizar los métodos de financiación de Wise?
Los clientes individuales de IBLLC, IB-UK, IBIE, IBCE, IB-HK, IB-AU e IB-SG pueden utilizar Wise para la transferencia de fondos.

¿Es la primera vez que utiliza un método de financiación de Wise?
Si es la primera vez que utiliza un método de financiación de Wise en Client Portal, se le redirigirá a wise.com para autorizar que su cuenta de Wise se vincule a Interactive Brokers.
 
Si actualmente no tiene una cuenta en Wise, se le pedirá que cree una. IBKR completará previamente su solicitud para una cuenta de Wise con información (nombre, correo electrónico, etc.) de su cuenta de IBKR. A continuación, deberá iniciar sesión en wise.com para completar el proceso de registro y subir los documentos que Wise le pueda solicitar.

La vinculación de sus cuentas de Wise e IBKR solo tiene que efectuarse una vez. Solo puede enlazar una cuenta a su nombre en Wise.
 
¿Cómo puedo depositar fondos a través de Wise?
Para depositar fondos a través de Wise, inicie sesión en Client Portal y seleccione Transferencias y pagos y, a continuación, Transferencia de fondos. Haga clic en Realizar un depósito y seleccione la divisa que desea depositar en el menú desplegable. Al escoger una divisa elegible, seleccione “Transferencia bancaria a través de Wise” O "Transferencia desde balance Wise" como método de financiación.

Si es la primera vez que utiliza un método de financiación de Wise, se le pedirá que vincule su cuenta de Wise.
 
Transferencia bancaria a través de Wise: Ofrece una integración directa para depositar divisas locales (p. ej., RON, BGN, MYR o IDR). Enviará una divisa local a una cuenta bancaria de Wise y Wise convertirá y depositará en su cuenta de IBKR una divisa admitida por IBKR. La lista de divisas locales depende de la entidad IBKR donde tenga su cuenta.
 
Verá una pantalla con la Estimación. La Divisa de origen se completará con la divisa local que haya seleccionado anteriormente, y tendrá que elegir una Divisa de destino para depositarla en su cuenta de IBKR (p. ej, USD o EUR). Puede modificar la cantidad de la Divisa de origen para ver las comisiones aplicables, el tipo de conversión, la cantidad de la Divisa de destino que llegará a su cuenta y la hora prevista de llegada. Una vez confirmado, se le darán los detalles de la cuenta bancaria de Wise y las instrucciones para enviar los fondos.

En cuanto a los plazos, los fondos pueden tardar desde unas horas hasta unos días hábiles en pasar de su banco local a Wise y, a continuación, hasta un día hábil completo en pasar de Wise a su cuenta de IBKR, en función de las divisas de las que se trate.
 
Transferencia desde balance Wise: Puede ver los saldos en su cuenta multidivisa en Wise y puede iniciar una transferencia de fondos a su cuenta de IBKR. Puede transferir los fondos que tiene en Wise sin ninguna conversión cuando la divisa sea compatible con su cuenta de IBKR O puede optar por convertir sus fondos en Wise y transferir una divisa admitida (p. ej., EUR o USD) a su cuenta de IBKR.

Los fondos tardan desde unas horas hasta un día hábil completo en aparecer en su cuenta de IBKR después de salir de su cuenta de Wise, en función de la divisa.
 
¿Cómo puedo retirar fondos a mi cuenta de Wise?
Puede retirar una divisa admitida (p. ej., EUR o USD) de su cuenta de IBKR para enviarla a su cuenta de Wise.
 
Para retirar fondos a su cuenta de Wise, inicie sesión en Client Portal y seleccione Transferencias y pagos y, a continuación, Transferencia de fondos.
Haga clic en Realizar una retirada y seleccione la divisa que desea retirar en el menú desplegable. Al escoger una divisa elegible, seleccione “Transferir a Wise” como método de retirada.
 
Si es la primera vez que utiliza el método de retirada "Transferir a Wise", se le indicará que vincule su cuenta de Wise a su cuenta de IBKR. Una vez que tenga una cuenta de Wise vinculada, se le pedirá que cree su destino de retirada con la información previamente completada de su cuenta de Wise. Una vez creado, aparecerá una pantalla con los destinos guardados, y el destino recién creado se mostrará como "Transferir a Wise". Seleccione esta opción, introduzca el importe y envíe la solicitud de retirada para su tramitación.
 
Los fondos tardan desde unas horas hasta un día hábil completo en aparecer en su cuenta de Wise después de salir de su cuenta de IBKR, en función de la divisa.
 
¿Hay alguna comisión por transferir fondos a través de Wise?
La transferencia de fondos a través de Wise puede conllevar gastos. Si procede, esta comisión aparecerá en la pantalla de confirmación antes de enviar la solicitud de transferencia de fondos.
 
¿Puedo realizar una retirada a un tercero a través de Wise?
No, solo puede retirar fondos a una cuenta a su nombre en Wise.
 
¿Con quién puedo ponerme en contacto para cualquier asunto relacionado con mi transferencia?
No dude en ponerse en contacto con IBKR para cualquier consulta relacionada con el inicio de su transferencia en Client Portal o si su pago no llegó a su cuenta de IBKR, pero salió de su cuenta de Wise hace más de 1 día hábil.
 
Para cualquier otra consulta sobre el estado de su pago o sobre cuestiones relacionadas con su pago desde su banco a Wise o pendientes en Wise, inicie sesión directamente en su cuenta de Wise y póngase en contacto con el Servicio de Atención al Cliente de Wise.
 
¿Dónde puedo encontrar más información sobre Wise y sus servicios?
Consulte la Sección de Ayuda de Wise en www.wise.com/help.

 

How to deposit AUD to Interactive Brokers

What are the available transfer methods to deposit AUD to Interactive Brokers?

If your bank is located in Australia, your bank will transfer AUD as a local payment with low or no cost.
If your bank is located outside Australia, your bank may only offer an international bank transfer (SWIFT) to transfer AUD.

Local AUD payments

Electronic Funds Transfer (Local EFT)

It is easy to send or transfer money from an Australian bank account using your online banking app. The information you need are the following details:

  • Account Name
  • BSB number
  • IBKR Bank Account number(Local EFT)

You will be told in the Client Portal the IBKR Bank account where to send the funds. Please include your U-account number in your EFT payment in the 'message to recipient' field. The U-account is your brokerage account at IBKR (for most clients this is letter "U" followed by digits). Payments received in IBKR's bank account without an U-account number may require additional proof of deposit and cause delays for processing the deposit.

BPAY

BPAY is also a convenient way to send your AUD to your IBKR brokerage account.

To transfer funds via BPAY to your IBKR account you will first need to get the Biller Code and Customer Reference Number (CRN) from IBKR:

  1. Log in to your IBKR account via Client Portal
  2. Select Transfer & Pay followed by Transfer Funds and Deposit Funds
  3. Set currency to Australian Dollar (AUD)
  4. Click the Get Instructions button next to Online BPAY
  5. Enter the Amount in AUD and select Continue.
  6. You will see a page with the Biller Code and Customer Reference Number (CRN)
  7. Log in to your bank's online payment system and initiate a BPAY and include the Biller Code and Customer Reference Number (CRN) provided by IBKR

International transfer via SWIFT payment (For a bank account you hold outside Australia only)

The Society for Worldwide Interbank Financial Telecommunication - SWIFT - is a network that allows banks to communicate financial information securely.

SWIFT payments are offered by most banks for international money transfers, and involve a series of banks which work together to make sure your money arrives at your account.

If you transfer AUD from a financial institution outside Australia, they may require the use of an intermediary or correspondent bank to route the payment through before reaching your account. This is called a cross-border payment.

Bank transfers can take time to complete, particularly when it comes to cross-border payments. Clients are increasingly accustomed to a payments experience that feels instant, but making a payment to another country can be much more complex and time-consuming.

Processing bank transfers involves a number of steps, particularly for cross-border payments. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.

There are a number of reasons why cross-border payments may be delayed or held up. First, not all account balances can be updated outside the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions.

Difference between domestic and international bank transfer

Banks make a local transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.

How long does it usually take for my funds to arrive?

Payment Type

Estimated Time

Approximate Cost*

Local Electronic Funds Transfer

1- 2 business days

free of cost or very low cost

BPAY

1- 2 business days

free of cost or very low cost

International Transfer via SWIFT

Approx. 1 to 4 business days

vary by bank

 

*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.

How to Deposit Mexican Peso (MXN) to Interactive Brokers

Interbank Transfer (Transferencia Interbancaria)

Interactive Brokers is temporarily not able to accept deposits using CLABE while we work with our banking providers to restore this service.

Bank Transfer (Transferencia Bancaria)

Bank Transfer is the transfer method for clients depositing Mexican Peso (MXN) who bank with Banamex. When setting up the Bank Transfer you will need the 10 digit account number.

How long does it usually take for my funds to arrive?

Payment Type

Timing

Approximate Cost*
Interbank Transfer (Transferencia Interbancaria)/SPEI Same Day vary by sending bank

Bank Transfer (Transferencia Bancaria)

Up to 48 business hours

vary by sending bank

*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. 

How to Deposit HKD to Interactive Brokers

Different deposit methods may be available to you depending on the country in which your bank account is held and the Interactive Brokers entity your trading account was opened under. 

Deposit Methods Only Available to Clients of Interactive Brokers Hong Kong Ltd (IBHK)

Faster Payment System (FPS)

The Faster Payment System (FPS) is a payment infrastructure introduced by the Hong Kong Monetary Authority (HKMA) and operated by Hong Kong Interbank Clearing Limited (HKICL) to enable instant payments in HK.

Fund transfers from your Hong Kong (HK) bank account are instructed by entering our FPS ID number, or by scanning a QR code, as provided in our transfer instructions. While the FPS ID can be used for all transfer amounts, QR codes are only provided for small-value payments (i.e. 10,000 HKD or below). Funds are generally received and credited within hours.

Electronic Direct Debit Authorization (eDDA)

Using the Faster Payment System, eDDA offers a quick and convenient way to draw funds from your HK bank account to credit your IBHK account. 

To setup your HK bank account for eDDA deposits, you simply need to select the transfer currency, provide your bank account number, and confirm your authorization for IBKR to establish an eDDA on your behalf. Once the initial eDDA setup request has been confirmed by your bank, you can top up your IBHK account at any time by simply confirming the desired transfer amount in the Make a Deposit section of Client Portal. Funds are generally received and credited within minutes.

HKD Check

IBHK can accept personal checks either mailed or dropped off in person to one of our Hong Kong offices, so long as the check meets the following conditions:

  • It is denominated in Hong Kong Dollars,
  • It has a value of at least HKD 10,000.00,
  • It is not postdated or from a third-party bank account,
  • It is signed and dated by the account holder,
  • The back includes your IBHK account number (i.e. U########) and account name

If the check is being dropped off, please ensure you have your HK ID / Passport with you. If a third party is dropping off the check for you, they will need to have a letter, signed by you, authorizing them to do so on your behalf.

For mailed in checks, if you are sending the check to remove a funding restriction on your account, ensure the check is posted in the same letter as all supporting forms and a copy of your HK ID / Passport.

Checks received by IBKR before 12pm (noon) are generally credited to your account within two business days. Funds will only be available in your account after the check is cleared by your bank. 

Deposit Methods Available to All Interactive Brokers Clients

Domestic Bank Transfer

Banks in HK offer interbank payments in HKD. To make a local HKD transfer you will need to provide your HK bank, via online banking/branch, the account details generated for you when you confirm your intended deposit details in the Make a Deposit section of Client Portal using the Bank Wire Deposit Method. This includes the bank account name, bank code, branch code and bank account number. Depending on the time it takes for your bank to process the transfer, funds are usually received and credited within hours.

International Bank Transfer (SWIFT/ WIRE)

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), is a network that allows banks to communicate financial information securely around the globe. Most banks offer international money transfers using the SWIFT network.  When a payment is instructed, a series of banks will work together to make sure your money arrives at the instructed destination account.

A transfer of HKD from a financial institution outside of Hong Kong is known as a cross-border payment. Your bank may use an intermediary or correspondent bank to transfer the funds to our bank.

Cross-border payments can take some time to complete as they are processed via the correspondent banking network and typically pass between several different banks along the way. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank which transfers the funds to the creditor agent. Once these steps are complete, the recipient will receive their funds.

There are numerous reasons why a cross-border payment may be delayed or held up. First, not all banks can process transfers outside of the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions. While newer payment systems allow almost instant transfers, making a payment to another country can be much more complex and time-consuming.

To make an international HKD transfer you will need to provide your bank with the account details generated for you when you confirm your intended deposit details in the Make a Deposit section of Client Portal using the Bank Wire Deposit Method. This includes the bank account name, bank code, branch code, bank account number, SWIFT code, account address and payment reference.

Difference Between Domestic and International Bank Transfers

Banks make a domestic transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.

How long does it usually take for my funds to arrive?

Payment type

Timing

Approximate Cost*

Fast Payment System (FPS)

Usually same day within hours

free of cost or very low cost

Electronic Direct Debit Authorization (eDDA)

Usually same day within minutes

free of cost or very low cost

Local Bank Transfer

Usually same day within hours

free of cost or very low cost

Mail a check

Available in two business days after check arrival

free of cost

International Bank Transfer (SWIFT/WIRE)

From 1 to 4 business day

Vary by bank

*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.

IBKR credits funds real-time upon receipt. Please note that we do not have influence on the speed of transfer. You may consult with your bank regarding their processing times.

Payments that are subject to additional review may take longer to credit.

How to Deposit CNH (Offshore RMB) to Interactive Brokers

Different deposit methods may be available to you depending on the country in which your bank account is held and the Interactive Brokers entity your trading account was opened under. 

Deposit Methods Only Available to Clients of Interactive Brokers Hong Kong Ltd (IBHK)

Instant Local Transfer via FPS

The Faster Payment System (FPS) is a payment infrastructure introduced by the Hong Kong Monetary Authority (HKMA) and operated by Hong Kong Interbank Clearing Limited (HKICL) to enable instant payments in HK.

Fund transfers from your Hong Kong (HK) bank account are instructed by entering our FPS ID number, or by scanning a QR code, as provided in our transfer instructions. While the FPS ID can be used for all transfer amounts, QR codes are only provided for small-value payments (i.e. 10,000 HKD equivalent or below). Funds are generally received and credited within hours.

Electronic Direct Debit Authorization (eDDA)

Using the Faster Payment System, eDDA offers a quick and convenient way to draw funds from your HK bank account to credit your IBHK account. 

To setup your HK bank account for eDDA deposits, you simply need to select the transfer currency, provide your bank account number, and confirm your authorization for IBKR to establish an eDDA on your behalf. Once the initial eDDA setup request has been confirmed by your bank, you can top up your IBHK account at any time by simply confirming the desired transfer amount in the Make a Deposit section of Client Portal. Funds are generally received and credited within minutes.

Deposit Methods Available to All Interactive Broker Clients

Local Bank Transfer

Banks in HK offer interbank payments denominated in CNH via the renminbi RTGS system by opening renminbi settlement accounts with the Clearing Bank. To make a local CNH transfer you will need to provide your HK bank, via online banking/branch, the account details generated for you when you confirm your intended deposit details in the Make a Deposit section of Client Portal using the Bank Wire Deposit Method. This includes the bank account name, bank code, branch code and bank account number. Funds are generally received and credited within hours.

International Bank Transfer (SWIFT/ WIRE)

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a network that allows banks to communicate financial information securely around the globe. Most banks offer international money transfers using the SWIFT network.  When a payment is instructed, a series of banks will work together to make sure your money arrives at the instructed destination account.

If you transfer CNH from a financial institution outside of Hong Kong, they may require the use of an intermediary or correspondent bank to route the payment through before reaching your account. These are known as cross-border payments. 

Bank transfers can take time to complete as processing involves several steps, especially for cross-border payments as they are sent via the correspondent banking network and typically pass between several different banks along the way.  After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.

There are numerous reasons why a cross-border payment may be delayed or held up. First, not all account balances can be updated outside of the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions. While clients are increasingly accustomed to a payments experience that feels instant, making a payment to another country can be much more complex and time-consuming.

To make an international CNH transfer you will need to provide your bank with the account details generated for you when you confirm your intended deposit details in the Make a Deposit section of Client Portal using the Bank Wire Deposit Method. This includes the bank account name, bank code, branch code, bank account number, SWIFT code, account address and payment reference.

Difference Between Domestic and International Bank Transfer

Banks make a domestic transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.

How long does it usually take for my funds to arrive?

Payment type

Timing

Approximate Cost*

Fast Payment System (FPS)

Usually same day within hours

free of cost or very low cost

Electronic Direct Debit Authorization (eDDA)

Usually same day within minutes

free of cost or very low cost

Local Bank Transfer

Usually same day within hours

free of cost or very low cost

International Bank Transfer (SWIFT)

From 1 to 4 business day

Vary by bank

*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.

IBKR credits funds real-time upon receipt. Please note that we do not have influence on the speed of transfer. You may consult with your bank regarding their processing times.

Payments that are subject to additional review may take longer to credit.

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