Transfer from Wise Balance
Instructions
We offer the ability to link your Wise account through the Transfer & Pay menu in Portal. Once linked, you can use your account to initiate a transfer of funds from your Wise 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 Transfer from Wise Balance.
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If it is your first time using a Wise funding method in Portal, you will be redirected to the Wise website to authorize your Wise account to be linked to us.
If you currently do not have an account at Wise, you will be prompted to create one. We will prefill your application for a Wise account with information (name, email, etc) from your account and you will have to login to the Wise website to complete the on-boarding process and upload the documents Wise may ask for.
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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 supported currency to be deposited into your account.
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Upon selecting an eligible currency, select Bank Transfer Via Wise or Transfer from Wise balance as the funding method.
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Bank Transfer via Wise: Offers a direct integration to deposit local currencies (e.g. RON, BGN, MYR, IDR). You will send a local currency to a Wise bank account and Wise will convert and deposit to your account a currency supported by us. The list of local currencies depends on the entity where you have your account.
You will be presented with the Quote screen. The Source Currency will populate with the local currency you selected above, and you will need to choose a Target Currency to be deposited into your account (e.g. USD, EUR). You can modify the quantity of the Source Currency to see the applicable fees, the conversion rate, the amount of the Target Currency that will arrive in your account and the expected arrival time. Once confirmed, you will be given the Wise bank account details and instructions to send the funds.
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Transfer from Wise Balance: You can see the balances in your multi-currency account at Wise and you can initiate a funds transfer into your account. You can either transfer the funds you hold at Wise without any conversion when the currency is supported in your account OR you can choose to convert your funds at Wise and transfer a supported currency (e.g. EUR, USD, GBP, AUD, HUF, CHF, SGD (not supported for IBIE and IBCE) or NZD (not supported for IBIE, IBCE and IBSG)) to your account.
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Additional Resources
Learn About Funding in the Portal at IBKR Campus
Visit the IBKR Client Portal Website