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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.

 

Finanziamento tramite Wise

Che cos'è Wise?
Wise (in precedenza noto come TransferWise) è un servizio internazionale di trasferimento di denaro online che supporta 55 valute in 80 paesi. Wise offre principalmente trasferimenti transfrontalieri di denaro e servizi di cambio. Wise offre commissioni di transazione inferiori rispetto ai bonifici bancari transfrontalieri, sono più veloci da arrivare rispetto ai bonifici bancari transfrontalieri e offrono tassi di cambio competitivi.

Grazie alla collaborazione con Wise, IBKR è in grado di fornirti i seguenti servizi mentre sei connesso alla piattaforma IBKR:
  • Collega il tuo account IBKR al tuo account WISE per il finanziamento
  • Trasferisci valute non direttamente supportate da IBKR (ad esempio RON, BGN, MYR, IDR) dalla tua banca locale a Wise; quindi procedi con la conversione su Wise e accredita l'importo sul tuo conto IBKR con una delle valute supportate (ad esempio EUR, USD, etc).
  • Trasferire denaro dal tuo saldo esistente presso Wise al tuo conto IBKR e viceversa
 
IBKR consente di effettuare versamenti e prelievi tramite Wise?
Sì. I clienti possono versare fondi sul loro conto IBKR tramite Wise e possono anche prelevare fondi dal loro conto su IBKR e versarli sul loro conto Wise.
 
Chi può utilizzare i metodi di finanziamento Wise?
I clienti individuali di IBLLC, IB-UK, IBIE, IBCE, IB-HK, IB-AU e IB-SG hanno i requisiti per utilizzare Wise per i trasferimenti di fondi.

È la prima volta che usi un metodo di finanziamento Wise?
Se è la prima volta che utilizzi un metodo di finanziamento Wise nel Portale Clienti, verrai reindirizzato a wise.com per autorizzare il tuo account Wise a essere collegato a Interactive Brokers.
 
Se al momento non hai un account su Wise, ti verrà richiesto di crearne uno. IBKR precompilerà la tua domanda per un account Wise con le informazioni (nome, e-mail, ecc.) dal tuo account IBKR e dovrai effettuare il login su wise.com per completare la procedura di iscrizione e caricare i documenti richiesti da Wise.

Questo collegamento tra i tuoi conti su Wise e quelli su IBKR deve essere stabilito solo una volta. Potrai effettuare un collegamento solo ad un conto registrato con il nome che utilizzi presso Wise.
 
Come posso depositare fondi tramite Wise?
Per depositare fondi tramite Wise, accedi al Portale Clienti e seleziona Transferisci & Paga seguito da Transferisci Fondi. Clicca su Effettua un versamento e dal menu a discesa potrai selezionare la Valuta che vuoi utilizzare per il versamento. Dopo aver selezionato una valuta idonea, seleziona "Bonifico bancario tramite Wiser" OPPURE "Trasferimento da Wise Balance" come metodo di finanziamento.

Se è la prima volta che utilizzi un metodo di finanziamento Wise, ti verrà richiesto di collegare il tuo account Wise.
 
Bonifico Bancario tramite Wise: Questa opzione offre l'integrazione diretta per fare versamenti in valute locali (es. RON, BGN, MYR, IDR).  Invierai una valuta locale a un conto bancario Wise e Wise convertirà e depositerà sul tuo conto IBKR una valuta supportata da IBKR. L'elenco delle valute locali dipende dall'entità IBKR in cui hai il tuo conto IBKR.
 
Ti verrà presentata la schermata Quotazione. La valuta di origine verrà popolata con la valuta locale selezionata sopra e dovrai scegliere una valuta di destinazione da depositare sul tuo conto IBKR (ad esempio USD o EUR). Puoi modificare la quantità della valuta di origine per visualizzare le commissioni applicabili, il tasso di conversione, l'importo della valuta di destinazione che arriverà nel tuo conto IBKR e l'orario di arrivo previsto. Una volta confermato, ti verranno forniti i dettagli del conto bancario Wise e le istruzioni per inviare i fondi.

Per quanto riguarda la tempistica, potranno volerci poche ore oppure pochi giorni lavorativi per spostare i fondi dalla tua banca locale a Wise; successivamente, a seconda delle valute coinvolte, potrà volerci fino ad un giorno lavorativo intero per trasferire fondi da Wise al tuo conto IBKR.
 
Transferimento da Wise Balance: Puoi vedere i tuoi saldi presenti nel tuo conto multi-valuta presso Wise e potrai avviare un trasferimento di fondi verso il tuo conto presso IBKR. Puoi trasferire i fondi che possiedi su Wise senza alcuna conversione quando la valuta è supportata nel tuo conto IBKR. OPPURE potrai scegliere di convertire i tuoi fondi su Wise e trasferire una valuta supportata (ad esempio EUR o USD) sul tuo conto IBKR.

A seconda della valuta selezionata, potranno volerci poche ore (oppure un giorno lavorativo intero) affinché i fondi possano comparire nel tuo conto presso IBKR dopo aver lasciato il tuo conto Wise.
 
Come posso prelevare fondi sul mio conto Wise?
Potrai fare un prelievo in una valuta supportata (ad esempio EUR o USD) dal tuo conto IBKR per inviarla al tuo account Wise.
 
Per prelevare fondi sul tuo conto Wise, accedi al Portale Clienti e seleziona Trasferisci & Paga seguito da Trasferisci fondi.
Clicca su Effettua un prelievo e dal menu a discesa potrai selezionare la valuta che vuoi utilizzare per il versamento. Dopo aver selezionato una valuta idonea, seleziona "Trasferimento verso Wise" come metodo di prelievo.
 
Se si tratta della prima volta che utilizzi il " Trasferimento verso Wise" come metodo di prelievo, ti verrà richiesto di collegare il tuo conto Wise al tuo conto presso IBKR Una volta che hai un account Wise collegato, ti verrà richiesto di creare la tua destinazione di prelievo con le informazioni precompilate dal tuo account Wise. Una completato questo passaggio, ti verrà presentata una schermata con le destinazioni salvate e la destinazione appena creata verrà visualizzata come “Trasferimento verso Wise". Scegli questa selezione, inserisci l'importo e invia la richiesta di prelievo per l'elaborazione.
 
A seconda della valuta selezionata, potranno volerci poche ore (oppure un giorno lavorativo intero) affinché i fondi possano comparire nel tuo conto Wise dopo aver lasciato il tuo conto presso IBKR.
 
C'è una commissione per trasferire fondi tramite Wise?
Potrebbe esserci una commissione associata al trasferimento di fondi tramite Wise. Se applicabile, questa commissione ti verrà presentata nella schermata di conferma prima di inviare la tua richiesta di trasferimento di fondi.
 
Posso effettuare un prelievo per conto terzi tramite Wise?
No. Potrai prelevare fondi solo su un conto a tuo nome presso Wise.
 
Chi posso contattare per qualsiasi problema relativo al mio trasferimento?
Si prega di contattare IBKR per qualsiasi richiesta relativa all'avvio del trasferimento nel Portale Clienti o se il pagamento non è arrivato nel tuo account IBKR ma ha lasciato il tuo account Wise da più di 1 giorno lavorativo.
 
Per qualsiasi altra richiesta relativa allo stato del pagamento o ai problemi relativi al pagamento dalla tua banca a Wise o in sospeso presso Wise, accedi direttamente al tuo account Wise e contatta il servizio clienti Wise.
 
Dove posso trovare ulteriori informazioni su Wise e sui servizi offerti?
Si prega di fare riferimento al Centro Assistenza Wise su questa pagina: www.wise.com/help.

 

Un versamento soggetto al "blocco temporaneo dell'accredito" accumula interessi di credito mentre il blocco è attivo?

Overview: 

La risposta dipende dal metodo di versamento.   Nel caso di versamenti effettuati tramite ACH, gli interessi maturano dalla data in cui il versamento arriva, una volta trascorso il periodo di quattro giorni lavorativi dopo il quale viene accreditato sul conto.  Nel caso di versamenti con assegni diversi dagli assegni bancari, durante il periodo di attesa per l'accredito non vengono maturati interessi. Gli assegni bancari e i bonifici bancari sono accreditati sul conto dal momento in cui avviene la ricezione e non sono quindi soggetti ad alcun periodo di blocco relativo l'accredito.

Gli interessi che ti verranno corrisposti variano a seconda delle condizioni di mercato.  Per maggiori informazioni sull'importo degli interessi attualmente corrisposti sui saldi di credito, consigliamo di visitare la seguente pagina: www.interactivebrokers.com/interest

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.

 

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.

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