Study Notes:
Investors can initiate transfers electronically through the Client Portal. To initiate a transfer, login to the Client Portal and select the Transfer & Pay option.
Transaction Status & History
Transaction Status & History will display any transfers in or out of the account for the selected time period. Transaction Status & History will display a date range of up to 90 days, however the investor can adjust the date range in the top left corner. The screen will display the transfer date, type, amount/position, method and status. To view further details of the transfer, investors can click on the transaction line.
Transfer Funds
To do a cash transfer, investors can select the Transfer Funds option from the Transfer & Pay menu. Select to Make a Deposit or Make a Withdrawal. Note that if the investor has multiple accounts at IBKR, they can transfer funds internally between accounts in addition to external transfers. If the investor has previously saved instructions, they will see the option to choose one of the deposit methods they’ve used before or to use a new method. If adding new instructions, select Use a New Method and, on the following page, investors will select the currency they wish to transfer. Once selected, all deposit methods available will be displayed, such as ACH, Bank Wire, Online Bill Pay, and Mail a Check. Please note the transfer methods available are based on the currency selections. There will be a box for each transfer method containing information regarding that method and investors can select More Information to view further details. Investors can select Get Instructions or Use this Method next to the method of their choosing. The following page will allow the investor to enter details of the transfer, including the sending institution and amount. Please note that for deposits, the Bank Wire, Online Bill Pay, and Mail a Check options do not pull funds into the IBKR account but instead just create a deposit notification notifying IBKR of the deposit.
Transfer Positions
To do an asset transfer, investors can select the Transfer Positions option from the Transfer & Pay menu. Select Incoming or Outgoing. Note that if the investor has multiple accounts at IBKR, they can transfer positions internally between accounts in addition to external transfers. On the next screen, investors will select the region of the delivering firm. Once selected, all transfer method available will be displayed. Please note the transfer methods available are based on the region of the delivering firm. The investor can click the Select button next to the method they wish to use and fill in the transfer details on the following page. If using an ACATS transfer, investors will select the broker where their assets are held, enter their account number at the broker, account title, account type, and tax identification number. Investors can choose to save the broker information. Next, the investor will indicate if they are doing a full or partial transfer by selecting Yes or No next to transfer all assets. If making a partial transfer, use the Add Asset button to manually enter all positions, or the Upload CSV button to upload a CSV file with all positions.
Saved Information
Investors can view any saved bank or broker information from the Transfer & Pay menu and select Saved Information. Select the blue arrow icon to the left of the instruction name to view details of the instruction. Select the blue pencil icon to edit the instruction name or the blue x icon to delete the instructions.
Direct Deposit/Debit
From the Transfer & Pay menu, investors can select the Direct Deposit/Debit option to send funds from their financial institution to their IBKR account via the ACH network. US residents can automatically deposit paychecks, pension and social security payments to their IBKR account. Please note that direct deposit is not currently available for IRA accounts.
For more information regarding funding, please see our website or user guide.
Resources:
I have funded my account. Now I am trying to transfer assets from the Interactive Brockage account to pull my cash into the account, that I am able to trade. Whatever I do, I can not finish this step. And so, I can not buy a stock. I am not a U.S. citizen
Hello, thank you for reaching out. Please use this tool on our website to view available funding methods and any associated fees based on your residency and the currency you wish to deposit: https://www.interactivebrokers.com/en/support/fund-my-account.php
I have some cash and stocks in my IB account. I am trying to transfer them to my wife’s IB account. Could you please give me some info about how to make it? Thanks ahead. (neither my wife nor myself is a U.S. citizen, btw)
Hello Harris, thank you for reaching out. It is not possible to transfer funds or positions from one individual account to another account that is not in your name. Please reach out again if you have any more questions. We are here to help!
Is there any cost to transfer shares out from interactive broker to another broker?
Hello, we appreciate your question. There is no charge for the first withdrawal (of any kind) of the month. However, we will charge withdrawal fees for any subsequent withdrawals. Please view this page for more information: https://www.interactivebrokers.com/en/pricing/other-fees.php#cash-movement
We hope this helps!
Hello can i transfer my portfolio from Dubai-based broker to ibkr broker??
Hello, thank you for reaching out. Please view this webpage to view the methods you can transfer funds to IBKR: https://www.interactivebrokers.com/en/support/fund-my-account.php. Please reach back out if you have any more questions! We are here to help.
Dead reader,
I have openen a second account and want to transfer some positions internal. What happends with the cost basis, p&l unrealised? Do they transfer to?
So if position ABC has a cost basis of $400 and the current values is 300 (-$100 p/l unrealised) does that all transfer to the other internal account or will it just have a value of 300 and will the sending account have a p/l of minus $100 realised?
Thanks in advantage.
Hello Rick, we appreciate your question. If you complete the transfer, the original cost basis is maintained in between IBKR accounts. Please view this FAQ with instructions to transfer positions between Interactive Brokers accounts: https://www.ibkr.com/faq?id=23298999
We hope this helps!
Hi, Is it possible to transfer all positions from IBKR to another Brokerage firm? I have some US and UK stock and have Covered Calls open on the UK stock.
Hello David, please view this FAQ for instructions to transfer positions to another broker: https://www.ibkr.com/faq?id=52479627
I question, if I move money to IBKR, will I get some of their stock?
Hello, we appreciate your question. You will not receive IBKR stock for creating an account at IBKR. However, the Refer a Friend program allows eligible IBKR clients to refer people and earn $200 for each referral while giving their friend the opportunity to earn up to $1000 dollars of IBKR stock. Please view this link for more details: https://www.interactivebrokers.com/en/trading/referral-member-to-member.php
Hi
Is it possible to transfer positions (stocks) from my joint account (with my wife) to my individual account or vice versa. I want to do this to remain within the $250,000 per account cash insurance limit
Hello, thank you for reaching out. No, this is not possible. Account holders who seek to convert their account from an Individual to Joint type or vice versa must first initiate a new account application and then request a transfer of assets once that new account has been approved. Once the transfer is completed, the old account will be closed.
To apply for an account, please visit
https://spr.ly/OpenAccountfromIBKRCampus
Hi,
Can I fund my IBKR account with shares that my spouse holds at another broker? Obviously they are ok with the transfer and can give consent.
Hello, thank you for reaching out. No, this is not possible. To apply for an account, please visit
https://spr.ly/OpenAccountfromIBKRCampus
hi, can i transfer shares internally between my account and my ISA account ? does it have to be within 20k (UK) by the price at the transfer or can it be by the price i bought those shares ?
Hello Prez, thank you for reaching out. Yes, as long as the existing account is an individual account in the same name, an internal transfer can be requested to fund your ISA account. The Position Transfer Basis page in Client Portal lets you specify the cost basis for positions transferred into your account. Please view these FAQs for more information:
Information Regarding IBUK ISA (Individual Savings Account) | Knowledge Base (ibkr.info)
https://www.ibkrguides.com/clientportal/performanceandstatements/positiontransfer.htm
Please reach back out with any additional questions. We are here to help!
so lets say i bought a share on my indyvidual account for 20k £ and now its worth 30k. i can still transfer it to my ISA which has 20k limit as long as i later set the cost basis for it to 20k in options after tranfer. am i right ?
Hello, thank you for reaching out . You can make one-off payments (wire transfers deposits) as and when you choose, but the combined total of all payments (or subscriptions) must not exceed any given annual tax year allowance. The ISA allowance for the tax year 2023/2024 is GBP 20,000 (this is a combined limit across all 4 types of ISA (stock & shares ISA, cash ISA, innovative finance ISA , and lifetime ISAs). Please view this User Guide for more information: https://ibkrguides.com/kb/article-4182.htm#:~:text=The%20ISA%20allowance%20for%20the,ISA%20%2C%20and%20lifetime%20ISAs).
Please reach back out with any more questions. We are here to help!
hi, i have a follow up question to the above question # 5. when i open another account and transferred all my dividends yield positions internally, only the shares got transferred but all total cost, Un/Realized profit, etc.. were not transferred along. This actually will not allow me to monitor my dividends account performance which was the very first reason for opening this account and separating those shares from those other growth value stock – pls advise how we can complete the full transfer including the cost and other parameters
.thx
Hello, thank you for reaching out. Please view this FAQ for instructions to update your cost basis information for transferred securities: https://www.ibkr.com/faq?id=28216784
We hope this helps!
From comments I understand that I cant transfer assets to other person holding account with tuis transfer. But is there any way to transfer assets to wife/childrens accounts, if I have a legal reason to do it?
Hello, we appreciate your question. No, this is not allowed. You can only transfer funds internally to/from an account with matching Names, National IDs, Tax IDs and Country of Legal Residence.
https://www.ibkr.com/faq?id=40356932
I am a second holder of a Joint Tenants with Rights of Survivorship account. I would like to open a new individual account – is it possible? After that, I would like to transfer some assets from the joint account to the new one. Would that be possible?
If not, is it possible, after opening the new individual account and purchasing some assets, to transfer these assets from the individual account to the joint account of which I am a second owner?
Hello Madlen, thank you for reaching out. It is possible for you to have an individual and join account at IBKR. Yes, it is possible to transfer funds or positions internally from an individual account to a joint account or from a joint account to an individual account. Please visit this FAQ for more details: https://www.ibkr.com/faq?id=38465072. To open your individual account, please visit http://spr.ly/OpenAccountfromIBKRCampus
Hello how much does it cost to move money or stock between 2 sub accounts?
Hello, thank you for reaching out. There is no fee to transfer funds or positions internally between IBKR accounts.
We hope this answers your question!
I had deposited JPY to my IB account base currency is JPY. However ,JPY is transfered to USD. Why?
Hello, when transferring shares to the IBKR account from XTB, is all data transferred with it? I mean the price of every share and the date I bought it (when some are bought at different prices and at different dates), I mean the date specifically of buying each of the shares at the other broker. I am asking because of tax reasons, it is important for me to know the buy and sale date for each position so I can convert it to my local currency when filing taxes.
Or is the date of the original purchase lost when doing a transfer and the cost basis averaged out? Will the transferred shares be treated any differently in financial statements, then the ones bought directly on IBKR?
Hello, thank you for reaching out. The cost basis of covered positions will automatically update from your manual entry to the basis when sent by the transferrer. Please view this FAQ for more information: https://www.ibkr.com/faq?id=28216784