Account holders logging their account via IB's Secure Login System are issued a security device, which provides an additional layer of protection to that afforded by the user name and password, and which is intended to prevent on-line hackers and other unauthorized individuals from accessing their account. While IB does not charge any fee for the use of the device, certain versions require that the account holder return the device upon account closing or incur a replacement fee. Existing account holders are also subject to this replacement fee in the event their device is lost, stolen or damaged (note that there is no fee to replace a device returned as a result of battery failure).
In addition, while IB does not assess a replacement fee unless a determination has been made that the device has been lost, stolen, damaged or not returned, a reserve equal to the fee will placed upon the account upon issuance of the device to secure its return. This reserve will have no effect upon the equity of the account available for trading, but will act as limit to full withdrawals or transfers until such time the device is returned (i.e., cannot withdraw the reserve balance).
Outlined below are the replacement fee associated with each device.
| SECURITY DEVICE | REPLACEMENT FEE |
| Security Code Card | $0.00* |
| Digital Security Card | $20.00 |
| Alpine Device | $40.00 |
| Gold Device | $150.00 |
| Platinum Device | $150.00 |
For instructions regarding the return of security devices, please see KB975
*The Security Code Card is not required to be returned upon account closing and may be destroyed and discarded once remaining funds have been returned and the account has been fully closed. Access to Account Management after closure for purposes of viewing and retrieving activity statements and tax documents is maintained using solely the existing user name and password combination.
ご出金いただく場合は、アカウントマネジメントより出金指示をご入力ください。
1. アカウントマネジメントへログインし、Funds Management(資金管理)、Fund Transfers(入金・出金)を選択してください。
2. 表示される画面上でTransaction(入金・出金)より「Withdraw Funds(出金)」、Method(方法)より「Zengin Wire(国内送金)」、Instruction(指示)より「Add New Instruction(出金先の新規登録)」を選択します。
※ IBSJ口座(国内商品取引口座)をお持ちのお客様は、上部にございます日本の国旗をクリックすることでメニューを日本語に変換できます。
※ IBLLC口座(海外商品取引口座)をお持ちのお客様は、Transactionより「Withdrawal Funds(出金)」、Methodより「Wire(電子送金)」、Instructionより「Add New Instruction(出金先の新規登録)」を選択してください。
3. 次にCurrency(通貨)、Bank Location(銀行所在地)、Bank Account Number(銀行口座番号)、Account Type(口座種別)、Bank/Branch code(銀行および支店コードをスペースなしで続けて入力)等の情報を入力する画面が表示されます。これらの情報をご入力後、「Continue(次に進む)」をクリックしてAmount(金額)をご入力ください。出金確認ページを完了しますと、お客様の出金リクエストは担当部署にてレビュー後、処理されます。
※ IBLLC口座(海外商品取引口座)をお持ちのお客様には、Currency(通貨)、Bank Location(銀行所在地)、Bank Account Number(銀行口座番号)、SWIFT code(SWIFTコード)等の情報を入力する画面が表示されます。
※ マネーロンダリング防止の取り組みとして、弊社からの出金は全てお客様のIB口座名義にて出金処理されますのでご了承ください。
この他ご不明な点がございましたら、カスタマーサービスまでお問い合わせください。
www.interactivebrokers.com/en/p.php?f=customerService&ib_entity=llc
How to withdraw funds via bank wire transfer
To make a wire withdrawal to your bank account you will first need to register a new withdrawal instruction through Account Management.
1. Once logged into Account Management, select the Funds Management and then Fund Transfers menu options.
2. From there you will select the Transaction Type of "Withdrawal", the Method of " Zengin Wire ", the Instruction of "Add New Instruction".
※ IBSJ account (Japan domestic product trading account) holders will see a Japanese flag on left top that changes the language to Japanese.
※ If you are IBLLC customers, you will select the Transaction Type of "Withdraw Funds", the Method of "Wire", and Instruction of "Add New Instruction".
3. You will then be prompted to input Currency of denomination, Bank Location, Bank Account Number, Account Type, and Bank/Branch code (no space between bank and branch codes). Once that information has been input, click "Continue" button to enter withdrawal amount. After confirmation page, your withdrawal request will be reviewed and processed.
※ IBLLC customers will be prompted to input your receiving bank details including Currency of denomination, Bank Location, Bank Account Number and SWIFT code of your bank.
※ Please note that all withdrawals will be sent in the name of IB account holder in accordance with anti-money laundering regulations.
Should you have further questions, please contact one of our Customer Service Centers.
www.interactivebrokers.com/en/p.php?f=customerService&ib_entity=llc
IRA owners 70½ or older may request an IRA distribution direct to a “qualified charity.” The following FAQs provide basic answers on Qualified Charitible Distributions.
What is a Qualified Charitable Distribution (QCD)?
What is a "qualified charity?"
Where can an IRA owner find additional information on QCDs?
Can IB customers submit a QCD withdrawal online?
What amount may be withdrawn? Why?
Where are the funds disbursed?
Does the distribution count towards the Required Minimum Distribution (RMD) amount?
Is the Charitable Distribution allowed from all IRAs held at IB?
Are the QCDs allowed from other IRA and retirement plans not held at IB?
How is the QCD reported to the IRS?
Can any taxes be withheld from the distribution?
Do federal taxes have to be paid on the distribution?
Does a state or municipal tax have to be paid on the distribution?
What is a Qualified Charitable Distribution (QCD)?
A distribution from an eligible IRA to an eligible charitable organization from an individual 70 ½ or older
How to determine if a charity can receive the QCD?
The IRS artcile "Search for Charities" and Online IRS Publication 78, Cumilative List of Organizations is a list of organizations eligible to receive tax-deductible charitable contributions.
Where can an IRA owner find additional information on QCDs?
IRS Publication 590
Can IB customers submit a QCD withdrawal online?
Yes, but not through Funds Management. Requests are processed manually. The withdrawal request must be initiated by the IRA owner through a the Customer Service Message Center located within Account Management menu. Click the Message Center icon in the menu's left pane to access secure Message Center. You may submit the request directly to IB Customer Service using inquiry tickets and track the status.
What amount may be withdrawn? Why?
IB will process the tax-free QCD of any available amount from an eligible IRA. Why? Although the gifts must not exceed $100,000 per year to retain QCD status, gifts may exceed this limit.
Where are the funds disbursed?
Funds are made payable to the IRS qualified charity and sent direct to the charity. Only funds disbursed directly to the charity can be designated as a QCD.
Does the distribution count towards the Required Minimum Distribution (RMD) amount?
Yes
Is the Charitable Distribution allowed from all IRAs held at IB?
No, see the list below. IRA owners should contact a qualified tax advisor about how to preserve QCD tax benefits. Not all distributions are created equal. A tax advisor will be able to assess an IRA owner’s best choice.
Traditional IRA > YES
Rollover IRA > YES
Roth IRA > YES
SEP IRA > NO
Education IRA > NO
Are the Charitable Distributions allowed from other IRA and retirement plans not held at IB?
No, not directly. Retirement plans, employer sponsored SEP IRAs, and Simple IRAs (account classifications not held at IB) are not eligible for a QCD election. IRA owners may be eligible to rollover assets from these plans into a traditional, rollover, or Roth IRA to take a charitable distribution. IRA owners should contact a qualified tax advisor or their retirement plan administrator.
QCD Tax Reporting
How is the QCD reported to the IRS?
Principal Trust Company, the IRA plan administrator for all IB IRAs, reports the distribution on Form 1099-R when issued.
Can any taxes be withheld from the distribution?
No.
Do federal taxes have to be paid on the distribution?
Generally, federal taxes are not paid with QCDs. But distributions in excess of the IRS limit may be subject to income tax. IB recommends that customers contact a qualified tax advisor.
Does a state or municipal tax have to be paid on the distribution?
Contact your tax advisor or local tax authority on state and municipal requirements for the distributed amount.
Disclaimer: IB does not provide tax advice. These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any international, federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor. We recommend that you consult a qualified tax adviser or refer to the U.S. Internal Revenue Service.
Clients and as well as prospective clients are encouraged to review our website where fees are outlined in detail. An overview of the most common fees is provided below:
1. Commissions - vary by product type and listing exchange and whether you elect a bundled (all in) or unbundled plan. In the case of US stocks, for example, we charge $0.005 per share with a minimum per trade of $1.00.
2. Interest - interest is charged on margin debit balances and IB uses internationally recognized benchmarks on overnight deposits as a basis for determining interest rates. We then apply a spread around the benchmark interest rate (“BM”) in tiers, such that larger cash balances receive increasingly better rates, to determine an effective rate. For example, in the case of USD denominated loans, the benchmark rate is the Fed Funds effective rate and a spread of 1.5% is added to the benchmark for balances up to $100,000. In addition, individuals who short stock should be aware of special fees expressed in terms of daily interest where the stock borrowed to cover the short stock sale is considered 'hard-to-borrow'.
3. Exchange Fees - again vary by product type and exchange. For example, in the case of US securities options, certain exchanges charge a fee for removing liquidity (market order or marketable limit order) and provide payments for orders which add liquidity (limit order). In addition, many exchanges charge fees for orders which are canceled or modified.
4. Market Data - you are not required to subscribe to market data through IB but if you do you may incur a monthly fee which is dependent upon the vendor exchange and their subscription offering. We provide a Market Data Assistant tool which assists in selecting the appropriate market data subscription service available based upon the product you wish to trade. To access, log into Account Management click on the Tools icon and then the IB Market Data Assistant link.
5. Minimum Monthly Activity Fee - as we cater to active traders we require accounts to generate a minimum in commissions each month or be charged the difference as an activity fee. The minimum is $10 per month for accounts maintaining a balance above $2,000 and $20 per month for accounts whose equity has fallen below $2,000.
6. Miscellaneous - IB allows for one free withdrawal per month and charges a fee for each subsequent withdrawal. In addition, there are certain pass-through fees for trade bust requests, options and futures exercise & assignments and ADR custodian fees.
For additional information, we recommend visiting our website at ww.interactivebrokers.com and from the Individuals page select the Fees menu option at the top of the page.
How to initiate a deposit via an Electronic Funds Transfer
For additional information on how to deposit funds to your Interactive Brokers account please visit the Funds and Banking section on our website
Assets transferred to IB via ACATS are subject to a hold period of 10 business days, the count of which begins the day after the transfer has settled and ends at midnight of the 10th business day thereafter. Note that assets are often credited to an account holder’s equity and made available for trade prior to transfer settlement. The date at which a given ACATS deposit is eligible for withdrawal may be determined through the View Transaction History function within Account Management.
IB provides account holders with a tool that provides real-time updates and current status of all deposit and withdrawal transactions relating to both cash and positions which have taken place over the prior 45 calendar day period. This tool is made available through the secure Account Management application and may be accessed via the Funds Management and then View Transaction History menu options.
Upon entering the View Transaction History screen, information is organized and made viewable via the following five tabs:
NOTE: Account holders may cancel transactions which are in a pending state by clicking on the red X located in the Action column which is provided within each of the above five screens. In addition, the amount of a wire transfer deposit notifications may be modified by first clicking on the Modify link also located in the Cash Deposits Action column. In order to complete the modification request, the account holder will need to enter the revised amount and/or currency and add the Customer Reference or Payment ID number as provided by the sending institution.
IB's intent with respect to the minimum is for account holders to maintain at least USD 10,000, or equivalent, although it's understood and accepted that equity may fall below that level due to trading losses and/or fees. Account holders are not, however, allowed to fund an account at a level sufficient to meet the minimum threshold and subsequently withdraw funds in an effort to circumvent the minimum.
Accounts which have been set up as a 'Cash' type do not have access to the proceeds from the sale of securities until such time the transaction has settled at the clearinghouse and proceeds have been issued to IB. Securities settlement generally takes place on the third business day following the sale transaction. Providing access to the funds prior to settlement would constitute a loan, a transaction which is precluded from taking place within this account type.
Account holders who wish to have access to settled funds prior to the settlement day may do so by electing an account type of 'Margin'. Under this account type unsettled funds may be used for trading purposes but may not be withdrawn until settlement. Account holders maintaining a 'Cash' account may request an upgrade to a 'Margin' type account by logging into Account Management and selecting the Trading Access and then Trading Configuration menu options. Upgrade requests are subject to a compliance review to ensure that the account holder maintains the appropriate qualifications.
IB allows account holders to designate and maintain their account as either a 'Margin' or 'Cash' type of account at the point of application. If one maintains a 'Margin' type account, the proceeds from closing stock sales are made available for trading effective with the sale transaction, however, the account holder may not withdraw those funds from the account until such time as settlement has taken place and IB has been credited with the proceeds from the clearinghouse (generally 3 business days).
If one maintains a 'Cash' type account, proceeds from closing stock sales are not available for trading or withdrawal until settlement has been completed. To provide otherwise would constitute an extension of credit which is prohibited from being offered to 'Cash' accounts.
Click here for information on upgrading from a 'Cash' type account to a 'Margin' type account.