Direct ACH Transfer from your Bank
Instructions
You can now set up Direct Automated Clearing House (ACH) Transfers through the Transfer & Pay menu in Portal. You will be prompted to sign an agreement before you can request a Direct ACH Transfer/Direct Debit. You can also link your account with mobile payments providers such as PayPal or merchants, and pay subscriptions or other recurring expenses such as a mortgage, car payment or utilities to any other entity using a bank on the network. In addition, you may use a Direct ACH Transfer to set up direct deposit from your employer and receive your paycheck directly into your IBKR account.
Note: Direct ACH Transfers are used to deposit funds into your IBKR account, whereas Direct Debits are used to withdraw/transfer funds out of your IBKR account.
Note: Direct ACH Transfers are only available to clients of IBLLC, IBUK, IBHK and IBAU with a US bank account
To initiate a Direct ACH Transfer, please take the steps outlined below.
- Click the Transfer & Pay tab > Transfer Funds.
- Alternatively, click Menu in the top left corner > Transfer & Pay > Transfer Funds.
- If you are managing multiple accounts, the Account Selector opens. Select the account you want to use for this transaction, or use the search function in the Account Selector to find the desired account. Click continue to submit your account selection and close the Account Selector.
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Select Make a Deposit.
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Select Use a new deposit method
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In the Currency list, select the currency of your deposit and select Direct ACH Transfer from your Bank.
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Click on the review and sign button to sign the agreement and finalize Direct ACH.
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Once completed you can initiate a Direct ACH transfer from your bank.
Additional Resources
Learn About Funding in the Portal at IBKR Campus
Visit the IBKR Client Portal Website