..Deposits & Transfers:
To make a deposit of funds or to initiate a transfer, you must complete a Deposit and Transfer Instruction under Account Management. Instructions and addresses will be displayed during the Deposit Instruction process within Account Management. Checks or wires sent to IB without a completed Deposit Instruction will be held in suspense until we can contact you to complete one.

Please take note that as of November 1, 2006, IB Canada customers will no longer be able to fund their accounts with cheques or bank drafts. Please see the Deposit Initiation and Notification or Account Type Deposit Specifics tables below for more details.

Please be aware that it is against the Interactive Brokers policy to accept any deposits that do not conform to IB's policy. Please make all deposits to your account by wire transfer, check, direct bank transfer (ACH), or via one of the other methods described below. IB will charge a special handling fee of 1% of the deposit amount (minimum $50 fee) for any physical currency deposits.

US T-Bills may be deposited as collateral, but we require a minimum of $1,000,000 in US T-Bills for a transfer. To initiate a US T-Bill transfer, contact Customer Service.
.
Deposit Initiation and Notification
Type
Description
Time to Arrive
Limitations
Wire
Same day electronic movement of funds through the fed wire system. You must contact your bank to initiate a wire. Please complete a Deposit Instruction under Account Management. You must instruct your bank to include your PTI ProDirect account name and number on the wire. Specific wire instructions and addresses will be displayed during the Deposit Instruction process, or you may click here for a general list. Wires can be immediate or may take up to 4 business days to arrive at IB, depending on your bank. Non US banks are generally at the longer end of the range. Click here for deposit credit and hold periods.
From immediate to 4 days, depending on your bank. Non-U.S. banks are generally at the longer end of the range.
You may not withdraw your funds for 3 business days.
US Automated Clearing House (ACH) Transfer
Multi-day electronic movement of funds through the ACH system. Initiation of an ACH is through PTI ProDirect under Account Management, to have funds automatically moved from a US bank that is a member of the Automated Clearing House (ACH) to PTI ProDirect. You will be asked to complete an ACH Settlement Instruction during the deposit process if you do not have one on file or if you would like to add a new one. Click here for deposit credit and hold periods. IB limits ACH deposits to $100,000 over 7 business days.
ACH requests received by 14:00 ET, will be credited to your account after 4 business days under normal circumstances.
Only available for US currency deposits from an account held in your name at a US bank that allows ACH deposits.
Canadian Electronic Funds Transfer (EFT)
EFT is available for USD or CAD currency deposits from a USD or CAD currency account held in your name at a bank located in Canada that allows EFT transactions. Initiation of an EFT is through PTI ProDirect under Account Management. You will be asked to complete an EFT Instruction during the deposit process if you do not have one on file or if you would like to add a new one. Click here for deposit credit and hold periods. IB limits EFT deposits to $100,000 over 7 business days.
EFT requests received by 09:30 ET, will be credited to your account after 4 business days under normal circumstances.
Only available for USD or CAD currency deposits from a USD or CAD currency account held in your name at a bank located in Canada that allows EFT transactions.
Automated Customer Account Transfer (ACATS)
ATON is the Canadian broker equivalent of ACATS. Please complete a Deposit Instruction under Account Management, to have your cash and positions moved from a third-party broker to PTI ProDirect. Only Canadian and US stocks may be transferred between Canadian Brokers.
From 4 to 8 business days depending on your third-party broker.
Only available for Canadian stock/cash.

You may not withdraw your transfer for 10 days after receipt.

No options transfers during expiration week.

Check
 Paper and mailed base deposit of funds. Please complete a Deposit Instruction under Account Management, print the form and mail it with your check to IB. Please write your account number on the check. Specific check instructions and addresses will be displayed during the Deposit Instruction process or you may click here for a general list. The IB address for sending your check will be printed on the deposit form. Click here for deposit credit and hold periods. For a list of acceptable and unacceptable check types, click here.

Please take note that as of November 1, 2006, IB Canada customers will no longer be able to fund their accounts with cheques or bank drafts.
Depends on the speed of the mail. Under normal circumstances we deposit funds to your account on the same business day of check arrival.

Only Bank, Bill Payment and Personal checks for US Dollars and Canadian Dollars are accepted. Click here for a list of acceptable/unacceptable check types.
Online Bill Payment Check
 Electronic notification that we will match to your check when it arrives.
Depends on the speed of the mail.

Accepted in US Dollars.
ACH Initiated at your bank
Electronic notification that we will match to your transfer when it arrives. You must contact your bank to initiate the transfer. Only available for US currency deposits from a US bank.
Please ask your bank.
Only available for US currency deposits from a US bank.

You may not withdraw your funds for 4 business days.

Free of Payment (FOP)
Delivery of long US stock positions from another US bank or broker that is a member of the Depository Trust Company (DTC). Requests for FOPs are made to the third-party lending broker. However, you must notify PTI ProDirect of a third-party FOP through Account Management so that your transfer may be properly placed in your account. Transfers are generally completed during the same business day as initiated, but this depends on your third-party broker.
Sometime during the business day depending on your third-party broker.

FOP notices are valid for 4 business days before expiring. Once the notice has expired PTI ProDirect will not accept the shares.
Only available for long US stock positions.

You will not be able to withdraw any funds or transfer any assets to another broker for ten business days after an account transfer is received.

Futures Transfer
Print the transfer form available under Deposit Instruction in Account Management and fax it to PTI ProDirect at 312.663.3058. Allow 5 to 7 business days from time of fax, under normal circumstances, for positions and funds to arrive.
From time of fax, 5 to 7 business days under normal circumstances.
Futures positions and cash will be transferred separately. A PTI ProDirect representative will call you to coordinate this.
Direct Rollover (IRA Account Only)
You may transfer assets from an existing 401K or other retirement plan into a Direct Rollover Account only. When you choose Deposit Instructions and then Direct Rollover from Account Management, you will be prompted to complete information about your existing retirement plan which you must print, sign and send back to IB. IB will sign this form and forward it to your existing retirement plan to initiate the Direct Rollover.
Depends on third-party administrator.
Only available in the US for IRAs.
Account Type Deposit Specifics
Deposit Type
Description
IRA Accounts
Contributions may be made by wire, check, or EFT. Please note that there is a limitation on yearly IRA contributions as described in the Contributions Limits table. Transfers from another IRA plan may be made through ACATS. Use Direct Rollover for transfers from a 401k or retirement plan. In addition you may take possession of your funds from another plan and send a wire, check or EFT to IB within 60 days of payout or a tax penalty may apply.

When transferring from another IRA account, you may only deposit the cash or positions into an PTI ProDirect account that has the same IRA type. PTI ProDirect- Direct Rollover accounts may receive funds from any type of IRA, 401k or retirement plan accounts. Once funds are transferred from a 401k or retirement plan account to an PTI ProDirect -Direct Rollover account, they may not be transferred back to a 401k or retirement plan account. Please consult your tax advisor for guidance on IRA accounts.

Advisor Accounts
Advisor clients may complete a Deposit Instruction electronically if they have a username and password. If they don't, the advisor can also make a deposit notification for the client through Account Management.
Institution Accounts
All deposits should be made to the master trading account, and then transferred to the sub account.
 
..Withdrawals:
To make a withdrawal of funds, you must complete a Withdrawal Instruction under Account Management. While the first cash withdrawal in any one month is free, there will be a charge for each additional withdrawal. We have implemented this policy to cover its costs in order to maintain our low commissions. Click here to see a schedule of the fees charged after your first monthly cash withdrawal.

A withdrawal request will be processed only if the customer has sufficient available funds and equity in excess of the initial margin requirement. Available funds are defined as the lower of trade or settlement date funds. If a withdrawal request is rejected, the customer must re-enter the withdrawal request once there are sufficient available funds and equity in excess of the initial margin requirement.

Because of anti-money laundering regulations, all withdrawals will be sent in the name of the account holder.
Please see the Withdrawal Types or Account Type Withdrawal Specifics tables below for more details.
 
..Withdrawal Types
Types
Description
Wire
You will be asked to complete a Wire Settlement Instruction during the Withdrawal process if you do not have one on file, or if you would like to add a new one. Wire requests entered by 14:00 ET will be sent by 18:00 ET, under normal business circumstances, for same-day credit. It may take longer than that for your bank to actually credit the funds to your account. Click here for deposit credit and hold periods.
US Automated Clearing House (ACH) Transfer
You will be asked to complete an ACH Settlement Instruction during the Withdrawal process if you do not have one on file, or if you would like to add a new one. ACHs are only available for US dollar currency withdrawals to an account held in your name at a US bank that will accept ACH fund transfers. Requests entered by 14:00 ET will be sent by 18:00 ET, under normal business circumstances, for next day credit. It may take longer for your bank to actually credit the funds to your account. Click here for deposit credit and hold periods.
Canadian Electronic Funds Transfer (EFT)
Available for USD or CAD currency withdrawals to a USD or CAD currency account held in your name at a bank located in Canada that allows EFT fund transactions. Cash will be automatically transferred. EFT requests received by 09:30 ET will be debited to your account the next business day, under normal circumstances.
Check
Only available for US currency withdrawals. Check requests submitted by 09:30 ET will be mailed sometime during the next business day. Arrival is dependent on the mail and credit is dependent on your bank. Click here for deposit credit and hold periods.
Automated Account Transfer System (ACATS) or
Account Transfer on Notification (ATON)
Transfer of positions and funds through ACATS or ATON must be initiated by the receiving broker.
..Account Type Withdrawal Specifics
Types
Description
IRA Accounts
Customers may request Normal, Early, Early with Exception, Disability, Death, and Excess Contribution Distributions. Please choose the correct distribution type from the Withdrawal Instructions under Account Management. You will also need to specify the tax withholding instructions. Customers wishing to manually rollover their funds to another IRA account should indicate Normal or Early Distribution, depending on your age. You will have 60 days from the payment of funds to roll them over to a third party IRA account in order to maintain IRA tax status.
Advisor Accounts
Advisor clients may complete a Withdrawal Instruction electronically if they have a username and password. If they don't, the Advisor can also make a withdrawal request for the client. Please note that checks will only be made payable to the client, and electronic transfers will only be made to an account in the client's name.
Institution Accounts
All withdrawals should be made from the master trading account. Funds may be transferred from the client accounts to the master account.
..Settlement Instructions
Types
Description
Wire Instructions
Wire Instructions may be entered for withdrawals (wire deposits are initiated through your bank) through Withdrawals, Institutions or Settlement Instructions within Account Management. You will be required to enter your bank's ABA (for US banks) or Swift code (for non-US banks), your account number and the currency of your instruction (one currency per instruction). A Registration Confirmation Number will be sent to you the user email address of record to confirm your email address.
Automated Clearing House (ACH)
ACH Instructions may be entered for deposits (pulled from your bank) for withdrawals (pushed to your bank) through Deposit Instructions, Withdrawal Instructions or Settlement Instructions within Account Management. You can specify debit (in), credit (out), or both ACH instructions, and will be required to enter your bank's ABA number and your bank account number. You will be required to complete two sets of verification with each new instruction. The first verification is through the use of a Registration Confirmation Number which will be sent to the user email address of record and confirms your email address. The second verification sends debit and credit amounts to your bank which appear on your bank statement and must be typed into your instruction as confirmation. This verification ensures that the person entering an ACH instruction is the legitimate owner of the ACH instruction bank account.
Electronic Funds Transfer (EFT)
EFT Instructions may be entered for deposits (pulled from your bank) and for withdrawals (pushed to your bank) through Deposit Instructions, Withdrawal Instructions or Settlement Instructions within Account Management. You can specify debit (in), credit (out), or both EFT instructions, and will be required to enter your bank's transit number and your bank account number. You will be required to complete two sets of verification with each new instruction. The first verification is through the use of a Registration Confirmation Number which will be sent to the user email address of record and confirms your email address. The second verification sends debit and credit amounts to your bank which appear on your bank statement and must be typed into your instruction as confirmation. This verification ensures that the person entering an EFT instruction is the legitimate owner of the EFT instruction bank account.
Delivery vs. Payment (DVP) and Receive vs. Payment (RVP) Instructions
DVP and RVP are instructions to deliver US stocks from one Depository Trust Account (DTC) to another in exchange for payment. DVP is from PTI ProDirect to another broker, RVP is from another broker to PTI Pro Direct. Customers specify DVP instructions through Settlement Instructions in Account Management. Customers may enter multiple DVP/RVP instructions. You must enter an Expiry date, Agent ID, Firm ID, Account ID, and Agent Name. Instructions will be permanently stored in the IB registration system.
Clearing Member Trade Agreement (CMTA) Instructions
CMTA is the securities options and US single stock futures equivalent of DVP/RVP and are cleared through the Options Clearing Corporation (OCC). Instructions are entered through Settlement Instructions within Account Management.
..Customer Deposit Credit and Withdrawal Hold Periods

IB's policy of applying a hold period on deposited funds is to protect both customer accounts and IB against fraud.

Please take note that as of November 1, 2006, IB Canada will no longer be accepting cheques or bank drafts as account funding methods.
Deposit Type
Credit Hold Period
Withdrawal Hold Period
Wire
Immediate
3 business days
US ACH – USD
(initiated by customer via customer’s bank)
4 business days
Funds can be withdrawn as soon as the Credit Hold Period has expired.
US ACH – USD
(initiated by customer via the website)
4 business days
40 business days to send funds to bank other than originating bank/bank account. The withdrawal hold period is not applicable if the funds are sent back to the originating bank and bank account.
Canadian EFT – CAD
(initiated by customer via the website)
4 business days
60 business days to send funds to bank other than originating bank/bank account. The withdrawal hold period is not applicable if the funds are sent back to the originating bank and bank account.
Canadian EFT – USD
(initiated by customer via the website)
4 business days
60 business days to send funds to bank other than originating bank/bank account. The withdrawal hold period is not applicable if the funds are sent back to the originating bank and bank account.
..US Checks - USD
Deposit Type
Credit Hold Period
Withdrawal Hold Period
Personal checks
7 business days
Funds can be withdrawn as soon as the Credit Hold Period has expired.
Bank checks
immediate
3 business days
Bill Payment Service
7 business days
Funds can be withdrawn as soon as the Credit Hold Period has expired.
Credit Period is the number of days before funds are posted to the customer's account and are available for trading. Credit Period begins on the Entry Date for all deposit types. Credit is posted after the close-of business of the relevant day (e.g., 4 days means credit is posted COB on the 4th day).
 
Withdrawal Hold Period is the number of days before the customer may withdraw the funds deposited. Withdrawal Hold Period begins on the Entry Date and ends after the close of business of the relevant day (e.g. 3 business days means withdrawal can be submitted on the 4th business day).
 
..Funds Status:
To view the latest status of any deposit, withdrawal, or transfer request visit the Funds Status page under Account Management.

..Secure Transaction Program (STP):

In order to prevent fraudulent withdrawal activity, IB offers a free security device to all customers with over $100,000 (or USD equivalent) in equity. This security device will generate one time use passwords that will be required for each and every cash withdrawal or change in the account email address of record. Accounts with multiple users will receive a security device for each registered financial user. Customers without the security device will be limited to a maximum withdrawal of $100,000 per business day (or USD equivalent).

If you are signed up for an IB Security Device, the security will not be required in order to login to the Trader Workstation. The device is only used to initiate funds and banking transactions and to change confidential customer information.

Customers are strongly encouraged to participate in the Secure Transaction Program, but it is not required. However, if you choose not to get a IB Security Device, please be aware of the following:
  • Customers who are not signed up for an IB Security Device can only withdraw a maximum of 100,000 USD in any one day. Customers who are not signed up for an IB Security Device must wait 10 days to wire funds from their account after any change to the banking instructions for their account and must wait 10 days to withdraw funds by check after any change to their address information.
  • Under the PTI ProDirect Customer Agreement, customers are responsible for all transactions initiated using their user name and password.

Customers with greater than $100,000 (or USD equivalent) in equity will be able to log into Account Management and see a Secure Transaction Program menu item which must be selected in order to register. Once the STP registration is completed, you will be sent an IB Security Device to your residential or business address of record (no P.O. boxes accepted) overnight. If you close your account, you must return the IB Security Device to IB or you will owe IB $150 to cover the cost of the card.

The IB Security Device is a small apparatus (small enough to fit on your keychain) that generates unique, secure passwords for each PTI ProDirect logon to ensure secure transactions. The passwords generated by the device can only be used once and therefore they are no good to thieves and hackers. Even if someone were to steal your PTI ProDirect user name and password, they could not withdraw funds from your account or change your confidential information without also having physical possession of your IB Security Device. In addition, the device is locked by a Personal Identification Number (or PIN) so that only you will be able to access the secure passwords.

If you are enrolled in the Secure Transaction Program and no longer wish to use the IB Security Device, you must contact the Compliance Department. Once your identity has been confirmed, you will be given instructions on how to unenroll. You will not be able to withdraw more than $100,000 per business day (or USD equivalent) once you unenroll.

Lost or stolen devices should be reported to PTI ProDirect Customer Service immediately and they will be disabled. A charge of 150 USD will be assessed by IB to replace a lost or stolen device. This charge applies regardless of the net equity in your account.

If you close your PTI ProDirect account or end your enrollment in the Secure Transaction Program, please package the IB Security Device securely and return it to IB via regular mail or overnight courier at the following address:

ATTN: Identity Token Return
Two Pickwick Plaza
Greenwich, CT 06830
 
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