Afetação de fundos excedentes (cash sweep)
Referência
A conta universal da IB inclui duas subcontas ou segmentos separados: uma subconta/segmento para posições de valores mobiliários e saldos sujeitas às regras de proteção do cliente regidas pela SEC; e outra subconta/segmento para posições de commodities e saldos sujeitas às regras de proteção do cliente regidas pela CFTC. A estrutura dessa conta universal foi desenvolvida para minimizar as despesas administrativas às quais os clientes podem ficar expostos caso mantenham duas contas distintas (por exemplo, transferência de dinheiro entre contas, acesso e envio de ordens por contas separadas, vários demonstrativos etc.) ao preservar a separação exigida pela regulamentação.
Essas regulamentações exigem que todas as transações de valores mobiliários sejam realizadas e recebam margem no segmento de valores mobiliários da conta universal, enquanto as transações de commodities devem ser realizadas no segmento de commodities.1 Enquanto as regulamentações permitem que a custódia das posições de valores mobiliários pagos integralmente no segmento de commodities seja considerada garantia de margem, a IB não permite essa configuração, limitando a constituição de garantia às regras mais restritivas da SEC. Tendo em vista as regulamentações e as políticas que regem a decisão de manter posições em um determinado segmento, o valor disponível em dinheiro permanece sendo o único ativo que pode ser transferido entre as duas contas e para o qual a discricionariedade do cliente é oferecida.
Veja a seguir uma descrição das opções oferecidas de afetação de fundos excedentes (cash sweep), o processo para selecionar uma opção, além das considerações de seleção.
Opções de afetação de fundos excedentes (cash sweep)
Os clientes recebem três opções de sweep. Veja as descrições de cada uma abaixo:
1. Não realizar afetação de fundos excedentes (sweep) – nesta opção, o excedente de caixa não pode ser transferido de um segmento para outro, a menos que seja necessário para:
a. Eliminar/reduzir a deficiência de margem no outro segmento;
b. Minimizar um saldo de débito em caixa e, portanto, as cobranças de juros em um determinado segmento. Observe que esta é a opção padrão e a única opção para titulares da conta que têm somente uma das permissões de negociação de valores mobiliários ou commodities.
2. Realizar afetação de fundos excedentes (sweep) na minha conta de valores mobiliários da IB – aqui, os saldos disponíveis são mantidos apenas no segmento de commodities na medida indispensável para atender ao atual requisito de margem de commodities. Qualquer valor disponível que exceda o requisito de margem como resultado de um aumento no valor disponível (por exemplo, variação favorável e/ou resultado de uma transação) ou diminuição no requisito de margem (por exemplo, variações na matriz de risco de SPAN e/ou resultado de uma transação) será transferido automaticamente do segmento de commodities para o segmento de valores mobiliários. Observe que o titular da conta deve ter permissão de negociação de valores mobiliários para poder selecionar essa opção.
3. Realizar afetação de fundos excedentes (sweep) na minha conta de commodities da IB – aqui, os saldos disponíveis são mantidos apenas no segmento de valores mobiliários (incluindo quaisquer outras posições de valores mobiliários com valor de empréstimo) na medida indispensável para atender ao atual requisito de margem de valores mobiliários. Observe que o titular da conta deve ter permissão de negociação de commodities para poder selecionar essa opção.
Outros pontos importantes:
- Como a conta universal permite que os saldos disponíveis sejam mantidos em diversas denominações, existe uma hierarquia com a finalidade de determinar qual moeda específica será usada primeiro para transferências quando existirem saldos ativos (long) em várias moedas. Nessas situações, o procedimento é transferir primeiro os saldos denominados na moeda-base, em seguida os saldos em dólares americanos (USD) e, depois, os saldos ativos (long) restantes em outras moedas em ordem decrescente.
- Para minimizar a probabilidade de que um segmento apresente deficiência de margem após a afetação de fundos excedentes para o outro segmento, o excedente não será transferido integralmente e, como amortecedor de liquidez, será retido um valor equivalente a 5% do requisito de margem de manutenção. Da mesma forma, para minimizar os custos indiretos operacionais de transferência de saldos nominais, os saldos serão transferidos somente se, após a aplicação do colchão de margem de 5%, o excedente, se houver, não for inferior a 1% do patrimônio líquido da conta ou US$ 200.
- Ao realizar a verificação de crédito pré-negociação para determinar se uma conta mantém patrimônio líquido suficiente para aceitar novas ordens, o valor disponível excedente mantido em um segmento será considerado para negociações conduzidas no outro segmento, embora o mecanismo de sweep (afetação de fundos excedentes) não ocorra até que a negociação tenha sido executada e somente se for necessário para a conformidade de margem. As contas classificadas como "Day trader padrão" e sujeitas a verificação de crédito pré-negociação que considerarem o patrimônio líquido anterior e o do dia corrente devem prestar atenção especial à seção Considerações de seleção abaixo.
Seleção de uma opção de afetação de fundos excedentes (cash sweep)
Caso sua versão do Gerenciamento da conta tenha uma série de opções de menu no lado esquerdo, selecione Administração da conta e, em seguida, o menu Afetação de fundos excedentes (Sweep). Caso sua versão tenha opções de menu na parte superior, selecione Gerenciar conta/Configurações e, em seguida, o menu Configurar conta/Afetação de fundos excedentes (Sweep). Independentemente da sua versão, você verá a seguinte tela:
Selecione a opção de sua preferência e clique no botão Continue (Continuar). Sua opção entrará em vigor no próximo dia útil e permanecerá ativada até que uma opção diferente seja selecionada. Observe que, de acordo com as configurações de permissão de negociações indicadas acima, não há restrições sobre quando ou com que frequência é possível alterar seu método de afetação de fundos excedentes.
Considerações para a seleção
Ainda que a seleção de um segmento em detrimento de outro com a finalidade de manter o caixa excedente envolva decisões e preferências subjetivas e características de cada cliente (por exemplo, um cliente que mantém ativos significativos e concentrados em um único segmento em detrimento de outros segmentos), veja a seguir alguns fatores que merecem consideração:
1. Capital de day trade padrão - O poder de compra de valores mobiliários de contas classificadas como Day trader padrão (por exemplo, quatro ou mais day trades durante um período de cinco dias úteis) limita-se ao menor valor de capital no fechamento do dia corrente ou do dia anterior no segmento de valores mobiliários. Desse modo, a afetação de fundos excedentes para o segmento de commodities impede a inclusão de tais fundos nesse cálculo, limitando potencialmente a capacidade de lançamento de novas ordens. Com o objetivo de maximizar o uso do capital para o lançamento de ordens de valores mobiliários, é necessário realizar a afetação de fundos excedentes para o segmento de valores mobiliários. Observe que a escolha do segmento de valores mobiliários não prejudica a capacidade de inserir ordens de commodities, visto que as regras de day trade padrão não se aplicam a tais contas.
2. Seguro – A proteção da SIPC é oferecida a ativos do segmento de valores mobiliários e não há esquema algum de seguro proporcional disponível para o segmento de commodities. Levando isso em consideração, os saldos que excederem o sublimite de caixa de US$ 250.000 da SIPC (sublimite de caixa da Lloyd’s de US$ 900.000, quando aplicável) não serão cobertos pelo seguro. Os clientes da IB Canada e da IB UK também estão sujeitos às regras de cobertura especificadas pelo CIPF e pelo FSCS, respectivamente.
3. Rendimentos de juros – De modo equivalente, os clientes têm uma propensão a receber os rendimentos de juros máximos sobre os saldos disponíveis ativos (long) que não forem fracionados entre os segmentos de valores mobiliários e commodities, visto que eles não são agregados para fins de crédito de juros (estão sujeitos a pools de segregação e regras de reinvestimentos distintos). Além disso, é importante considerar o fato de que, ao fazer uma afetação de fundos excedentes, os créditos exigem um saldo disponível mínimo, enquanto os saldos mais altos recebem taxas preferenciais.2
Outros artigos relevantes da Base de conhecimentos:
Comparação de modelos de segregação dos EUA
Comparação de modelos de segregação dos EUA
Notas de rodapé:
1Como os contratos futuros sobre ações individuais da OneChicago são um produto híbrido regulamentado pela SEC e pela CFTC, eles podem ser comprados e vendidos em ambos os tipos de conta. A IB, no entanto, realiza essas transações no segmento de valores mobiliários da conta universal, pois isso é necessário para oferecer uma diminuição de margem entre a posição do contrato futuro sobre ações individuais e a posição de qualquer ação ou opção qualificada.
2Considere, por exemplo, uma conta que mantenha um saldo ativo (long) em dólares americanos (USD) de US$ 9.000 em cada um dos segmentos de valores mobiliários e commodities. Dependendo da taxa efetiva de benchmark dos recursos disponíveis do FED, a conta estaria qualificada para receber juros sobre US$ 8.000 (US$ 18.000 - US$ 10.000) caso os dois saldos fossem mantidos em um único segmento. Porém, como os saldos inferiores a US$ 10.000 em ambos os segmentos não são aceitáveis para recebimento de juros, não seria possível receber valor algum sem selecionar uma opção de afetação de fundos excedentes (sweep). Paralelamente, uma conta estaria qualificada para receber juros a um nível mais alto se, como resultado da afetação de fundos excedentes, o titular da conta pudesse atingir um saldo disponível ativo (long) em dólares americanos (USD) acima de US$ 100.000 em um determinado segmento. Para mais informações sobre cálculos de juros, incluindo um link para taxas de juros de benchmark atuais, consulte o artigo KB39.
Request for Payment (RFP)
What is Request for Payment?
Request for payment is a message that you could send via IBKR and its supporting bank to your bank to trigger a real-time credit transfer directly to your IBKR account. Your bank will prompt you via push notification or e-mail to review and approve the payment request. Upon receiving your approval, your bank will send a real-time credit transfer directly to IBKR's bank and IBKR will credit your account. Real-time payments are done on a new 24x7x365 payments platform managed by The Clearing House and available to all federally insured U.S. depository institutions.
Who is eligible to use Request For Payment?
Real-time payment eligibility depends on your bank's capability to accept the request. U.S. depository institutions are actively preparing to accept RFPs and most are expected to be able to accept requests in the coming months.
What is the transaction amount limit?
The request for payment limit is determined by your bank. Initially limits are expected to be modest (approximately $5,000 to $10,000), but are expected to increase in the future. The RTP network's current credit transfer limit is $1,000,000
How long does it take for the funds to be credited to my account?
Under normal circumstances you should receive the prompt to approve the request for payment and, upon approval, the funds would be credited to your account and available to trade within a few minutes or faster.
How to deposit HUF to Interactive Brokers
What are Giro/RTGS (Viber) transfers and International Bank Transfers (SWIFT) for HUF?
There are two different transfer methods available for transferring HUF depending of the location of your bank.
GIRO/ RTGS VIBER (domestic) transfers are available at banks located in Hungary for bank-to-bank transfers while banks located outside of Hungary will likely offer International Bank Transfers (SWIFT).
Giro /RTGS (Viber) payments
The Hungarian Internal Clearing System (ICS) operated by GIRO Zrt. is a payment system for the interbank clearing of domestic HUF transfers and direct debits. It is a "Real Time Gross Settlement" system called VIBER.
Banks that are connected to it will allow you to transfer HUF quickly and inexpensively between banks located in Hungary. It will be required to know the Bank Code, Branch Code and Account number of the receiving party.
You do not necessarily have to select GIRO or RTGS (VIBER) in your online banking. Your bank may call it "Bank-To-Bank transfer" or "domestic payment method" using the details mentioned above.
SWIFT payment
The Society for Worldwide Interbank Financial Telecommunication - SWIFT - is a network that allows banks to communicate financial information securely.
SWIFT payments are offered by most banks for international money transfers, and involve a series of banks which work together to make sure your money arrives at your account.
If you transfer HUF from a financial institution outside of Hungary, the payment would likely be routed via a correspondent bank located in Hungary before reaching your account. Such payments are known as cross-border payments and often take more time to complete because of the complexity associated with involving multiple banks.
Bank transfers can take time to complete, particularly when it comes to cross-border payments, because of the complexity associated with involving multiple bank in the payment chain.
Processing bank transfers involves a number of steps, particularly for cross-border payments. These are sent via the correspondent banking network and typically pass between several different banks along the way. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.
There are a number of reasons why cross-border payments may be delayed or held up. First, not all account balances can be updated outside of the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions.
Difference between domestic and international bank transfers
Banks make a domestic transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.
How long does it usually take for my funds to arrive?
|
Payment Type |
Timing |
Approximate Cost* |
|
Giro payment |
same day up to 1 business day |
free of cost or very low cost |
|
International bank transfer (SWIFT) |
from 1 to 4 business days |
vary by bank |
*Please consult with the sending institution about the costs to process your payment as this may vary by financial institution. IBKR does not charge fees for the deposit of funds.
IBKR credits funds real-time upon receipt. Please note that we do not have influence on the speed of transfer. Please consult with your bank regarding their processing times.
Payments that are subject to additional review may take longer to credit.
Um depósito sujeito a "suspensão de crédito" acumula juros de crédito durante o período de suspensão?
Overview:
A resposta depende do método de depósito. No caso de depósitos realizados por transferência ACH, todos os juros se acumulam a partir da data de chegada do depósito durante o período de suspensão de crédito de quatro dias úteis. Após esse período, os juros são creditados na conta. No caso de depósitos de cheques, em vez de cheques bancários, não há acúmulo de juros durante o período de suspensão de crédito. Cheques bancários e transferências bancárias eletrônicas são creditados na conta após o recebimento e, portanto, não estão sujeitos a suspensões de crédito.
Os juros pagos a você variam de acordo com as condições do mercado. Para mais informações sobre o valor dos juros pagos sobre os saldos de crédito, acesse www.interactivebrokers.com/interest
How to Deposit JPY to Interactive Brokers
Account holders depositing from a local Japanese bank should send funds via domestic fund transfer.
Please see below for more information regarding how to deposit funds into an IBSJ account.
Instructions for how to deposit JPY into your IBSJ account
A deposit notification will be required. It is recommended that you always enter a deposit notification before arranging a fund transfer with your bank.
Account holders can notify IBKR of an incoming fund transfer by entering a deposit notification in Client Portal by selecting Transfer & Pay followed by Transfer Funds and Make a Deposit.
Local bank transfers should use 'Domestic Bank Transfer.' Overseas accounts able to send JPY should use 'International Transfer.'
Banking instructions will be provided after submitting a deposit information. It is recommended that you always confirm that the banking instructions registered with your bank match those which are provided when creating a deposit notification.
Contact your bank and confirm how to complete a fund transfer using the provided bank instructions.
IMPORTANT: A deposit notification instructs your intent to send funds to your IBSJ account. Notifications DO NOT move any funds. Please arrange with your bank to send funds to your IBSJ account.
What methods can I use to fund my IBSJ account with JPY?
Local - Clients sending funds from a local Japanese domestic bank should send funds via domestic fund transfer.
International - Deposits from overseas bank accounts must use the 'International Transfer' method to send JPY to their IBSJ account. Confirm procedures with your sending institution on how to send an international wire using the provided banking instructions.
For both methods, account holders should confirm fees and procedures with their bank before sending funds. IBSJ is not responsible for fees charged by your bank.
What information does my bank need to transfer funds?
Local - Local Japanese banks will need the IBSJ bank, bank code/branch code, bank account title & address, and 7-digit destination bank account number/VAN*.
*A VAN (Virtual Account Number) is a bank account number assigned specifically to you for domestic fund transfers. It should be used exclusively for deposits initiated by yourself and should not be shared with anyone else. A VAN will not be used for international fund transfers
International - International transfers require IBSJ's bank information, SWIFT code, bank account title & address, and 10-digit bank account number. Be sure to include your name and U-account number in the memo/reference field of the transfer details. Failure to include this information may delay the arrival of funds to your account.
Contact Client Services should additional information or assistance be required.
What information does IBKR need to transfer funds?
Please create a deposit notification as instructed above.
If funds are sent without a deposit notification, proof of deposit may be requested to credit the funds to your account.
How long does it take for my funds to arrive into my IBSJ account?
Local - Your Japanese bank's daily cutoff times may affect the funds' arrival.
Should clients miss the daily deadline set by their bank, the funds should arrive the next business day. Please confirm this information with your Japanese bank.
International - The arrival of funds may take longer when sending JPY from an international bank via International Transfer (up to 3-4 business days in some cases).
Be sure to include your name and U-account number in the memo/reference field of the transfer details. Failure to include this information may delay the arrival of funds to your account.
Confirm that you have entered a matching deposit notification for your transfer. The arrival of funds may be delayed if funds are sent without a matching deposit notification.
| Payment Type | Timing | Approximate Cost | ||
| Domestic | Same day/following business day | Free to a few hundred Yen | ||
| International (SWIFT) | 1 to 4 business days | Varies by bank |
As costs vary by institution, please consult with the sending institution about the costs incurred to process your payment. IBKR does not charge fees for the deposit of funds.
IBKR credits funds to accounts in real-time upon receipt. Please note that we do not have any control over the speed/processing of your fund transfer. You may consider consulting your bank regarding processing times.
Payments that are subject to review may take longer to credit to the account.
Are third-party deposits into my IBSJ account permitted?
Funds must be sent from a bank account held in your name. Funds sent from an account using a different name will be considered third-party and will be rejected.
Does IBSJ charge for deposits?
IBSJ does not charge a handling fee for deposits.
Related fees (including, but not limited to: transfer fees, rejection fees, etc.) are to be paid by the account holder. IBSJ is not responsible for fees incurred due to rejected deposits.
Can I use a fund transfer service such as Wise or Revolut?
Fund transfer services, including Wise and Revolut, cannot be used for funding your IBSJ account. Please use a bank wire to send funds to an IBSJ account.
How to Deposit SGD to Interactive Brokers
How do I deposit SGD to Interactive Brokers?
IBKR's bank account for SGD is held in Singapore and is eligible to receive SGD transfers via domestic bank transfer (e.g. FAST) or international bank transfer (SWIFT). If your bank account is held with a local Singapore bank they will usually process SGD transfers as a domestic local transfer while clients with bank accounts outside of Singapore will use an international bank transfer (SWIFT).
We will provide you the SGD bank routing information upon completing the deposit notification in Client Portal. IBKR will provide you our bank account title and bank account number which are usually required for domestic SGD transfers from an account held in Singapore. SWIFT code will be provided for international bank transfers from a bank account held outside of Singapore. A SWIFT code is generally not required for domestic SGD transfers.
Please include your brokerage account number in the template you setup with your bank.
How long will it take for my SGD transfer to arrive?
The timing for SGD deposits varies based on the payment network your bank uses to transfer the funds.
|
Payment Type |
Timing |
Approximate Cost* |
|
Local SGD Transfer |
1 business day |
free of cost or very low cost |
|
SWIFT |
from 1 to 4 business days |
vary by bank |
*Please consult with the sending institution about the costs to process your payment as this may vary by financial institution. IBKR does not charge fees for the deposit of SGD.
Note
- IBKR credits funds real-time upon receipt under normal circumstances.
- We do not have influence on the speed of transfer. You may consult with the sending institution regarding their processing times and cut off times. Transfers that are subject to additional review may take longer to credit.
Request for Payment (RFP)
What is Request for Payment?
Request for Payment (RFP) is a message that you could send via IBKR and its supporting bank to your bank to trigger a real-time credit transfer directly to your IBKR account. Your bank will prompt you via push notification or e-mail to review and approve the payment request. Upon receiving your approval, your bank will send a real-time credit transfer directly to IBKR's bank and IBKR will credit your account. Real-time payments are done on a new 24x7x365 payments platform managed by The Clearing House and available to all federally insured U.S. depository institutions.
Who is eligible to use Request For Payment?
Real-Time Payment (RTP) eligibility depends on your bank's capability to accept the request. U.S. depository institutions are actively preparing to accept RFPs and most are expected to be able to accept requests in the coming months.
What is the transaction amount limit?
The Request for Payment limit is determined by your bank. Initially limits are expected to be modest (approximately $5,000 to $10,000), but are expected to increase in the future. The RTP network's current credit transfer limit is $1,000,000.
How long does it take for the funds to be credited to my account?
Under normal circumstances you should receive the prompt to approve the Request for Payment and upon approval, the funds would be credited to your account and available to trade within a few minutes or faster.
How to Deposit NOK to Interactive Brokers
What are SWIFT and RTGS transfer methods for NOK?
IBKR is able to receive NOK transferred via international bank wire (SWIFT) or RTGS (Real Time Gross Settlement payments system) to deposit NOK to your account, no matter if your bank is located within or outside of Norway.
Typically your bank may call those transfers just regular wire transfers, electronic bank transfers or bank-to-bank transfers and may not distinct between international bank wire versus RTGS. You may want to consult with your bank for further information
about the transfer system they use to facilitate your payment.
SWIFT payment
The Society for Worldwide Interbank Financial Telecommunication - understandably shortened to SWIFT - is a network that allows banks to communicate financial information securely.
SWIFT payments are offered by most banks, for international money transfers, and involve a series of banks which work together to make sure your money arrives at your account.
If you transfer NOK from a financial institution outside of Norway, they may require to use a so called intermediary or correspondent bank to route the payment through, before reaching your account and they are called cross-border payments.
Bank transfers can take time to complete, particularly when it comes to cross-border payments. Clients are increasingly accustomed to a payments experience that feels instant. But making a payment to another country can be much more complex and time-consuming.
Processing bank transfers involves a number of steps – particularly for cross-border payments. These are sent via the correspondent banking network and typically pass between several different banks along the way. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.
There are a number of reasons why cross-border payments may be delayed or held up. Firstly, not all account balances can be updated outside the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions.
RTGS payment
RTGS stands for Real Time Gross Settlement and is the fastest way to sent money from one bank account to another within the country. Banks charges fees for this real time settlement, that vary by bank.
RTGS method is mostly used for transaction of high value. Its a system where there is continuous and real-time settlement of fund-transfers. You may not be able to select this transfer method in your online banking screen.
It is rather a system your bank will use in the background to transfer your funds upon your request if the funds are transferred within the country. You may consult with your bank which payment system they use to transfer funds.
How long does it usually take for my funds to arrive?
|
Payment Type |
Timing |
Approximate Cost* |
| RTGS | Same day to 1 business days | Low cost, vary by bank |
|
International bank transfer (SWIFT) |
from 1 to 4 business days |
vary by bank |
*Please consult with the sending institution about the costs to process your payment as this may vary by financial institution. IBKR does not charge fees for the deposit of funds.
Note! IBKR credit funds real time upon receipt under normal circumstances. Please note that we do not have influence on the speed of transfer. You may consult with the sending institution regarding their processing times and cut off times. Payments that are subject to additional review may take longer to credit.
How to Deposit DKK to Interactive Brokers
What transfer method can I use to fund my account in DKK?
IBKRs bank account for DKK is held with our Danish Bank and is eligible to receive DKK via RTGS (Real Time Gross Settlement) or International Bank Transfer (SWIFT).
IBKR does currently not support domestic transfer methods (local bank to bank transfer).
What Information does my bank need to transfer funds?
IBKR will provide you with our IBAN (International Bank Account Number) and the SWIFT code of our bank account upon completing the deposit notification in Client Portal.
If your bank is located in Denmark, they may ask you to provide local bank account details. Please explain that our account is not eligible for local bank to bank transfers and let them advise you on how to transfer funds using our IBAN/SWIFT. IBKR is working to implement local bank transfers, however we cannot provide you a date at this time when it will be available.
If your bank is located outside of Denmark, your bank will typically process payments via international bank wire (SWIFT) or the RTGS payment method. Your online banking will likely show Wire, electronic bank transfer or bank-to-bank transfer as available methods.
Your bank will select the method to transfer your funds on your behalf.
SWIFT payment
The Society for Worldwide Interbank Financial Telecommunication - SWIFT - is a network that allows banks to communicate financial information securely.
SWIFT payments are offered by most banks for international money transfers, and involve a series of banks which work together to make sure your money arrives at your account.
If you transfer DKK from a financial institution outside of Denmark, they may require the use of a so called intermediary or correspondent bank to route the payment through before reaching your account. These are called cross-border payments.
Bank transfers can take time to complete, particularly when it comes to cross-border payments. Clients are increasingly accustomed to a payments experience that feels instant, but making a payment to another country can be much more complex and time-consuming.
Processing bank transfers involves a number of steps – particularly for cross-border payments. These are sent via the correspondent banking network and typically pass between several different banks along the way. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.
There are a number of reasons why cross-border payments may be delayed or held up. Not all account balances can be updated outside the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions.
RTGS payment
Kronos2 is Denmark National Bank's RTGS (Real-Time-Gross-Settlement) system for payments in Danish Krona and it is primarily used for settlement of large-value, time-critical interbank payments. You may consult with your bank which system they use to facilitate your payment.
You will typically not be given a choice on which method your bank will use to transfer your funds, and it depends as well on the size of payments, the banks involved in the transfer and what service your bank offers.
Difference between domestic and international bank transfer
Banks make a domestic wire transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.
How long does it usually take for my funds to arrive?
|
Payment Type |
Timing |
Approximate Cost* |
| RTGS | same to 1 business day | vary by bank |
|
International bank transfer (SWIFT) |
from 1 to 4 business days |
vary by bank |
*Please consult with the sending institution about the costs to process your payment as this may vary by financial institution. IBKR does not charge fees for the deposit of funds.
Please note: IBKR credits funds real-time upon receipt under normal circumstances. Please note that we do not have influence on the speed of transfer. You may consult with the sending institution regarding their processing times and cut off times. Payments that are subject to additional review may take longer to credit.
How to Deposit PLN to Interactive Brokers
What transfer method can I use to fund my account in PLN?
Depending on which Interactive Brokers entity your brokerage account is held with, you may be directed to deposit PLN into an Interactive Brokers bank account held at a bank in Germany OR Poland.
If you receive our Polish Bank routing information:
Clients that receive the bank routing information for our bank located in Poland can transfer funds easily by using the provided bank details (IBAN and SWIFT), and it will likely be processed as a domestic transfer (local bank to bank transfer).
If you receive our German Bank routing information:
Even though the bank account is located outside of Poland, it is denominated in PLN and can receive PLN transfers without issues via international bank transfer (SWIFT).
Please note:
-If your bank is located in Poland, your bank application may ask if you would prefer to send funds in the currency of the destination country (which is EUR for Germany). Do not select to transfer EUR, and do not select SEPA as the transfer method as it is only valid for EUR transfers.
-Ensure that the currency sent by your bank is PLN. If you send EUR to Interactive Brokers' bank account denominated in PLN, the funds will not arrive at Interactive Brokers and will be returned to the remitter bank account automatically. Interactive Brokers will not be informed nor involved in the return process at the bank. The return process can be lengthy and fees may apply.
-Your bank may ask you for our bank's Correspondent Bank information in addition to the IBAN and SWIFT of our bank. You only need to provide this information if your bank explicitly asks for them. Do not transfer funds directly to the Correspondent Bank as funds will not be accepted and will be rejected.
SWIFT payment
The Society for Worldwide Interbank Financial Telecommunication - SWIFT - is a network that allows banks to communicate financial information securely.
SWIFT payments are offered by most banks for international money transfers, and involve a series of banks which work together to make sure your money arrives at your account.
If you transfer PLN from or to a financial institution outside of Poland, they may require the use of a so called intermediary or correspondent bank to route the payment through before reaching your account. These are called cross-border payments.
Bank transfers can take time to complete, particularly when it comes to cross-border payments. Clients are increasingly accustomed to a payments experience that feels instant, but making a payment to another country can be much more complex and time-consuming.
Processing bank transfers involves a number of steps – particularly for cross-border payments. These are sent via the correspondent banking network and typically pass between several different banks along the way. After being initiated, a wire transfer is sent by the debtor agent to an intermediary bank before moving on to the creditor agent. Once these steps are complete, the recipient will receive their funds.
There are a number of reasons why cross-border payments may be delayed or held up. Not all account balances can be updated outside of the operating hours of local settlement systems. Delays can also arise if compliance checks need to be carried out, especially when a payment passes through different countries and jurisdictions.
Difference between domestic and international bank transfers
Banks make a domestic transfer to send funds to financial institutions residing in the same country or financial zone. When sending funds to financial institutions in a foreign country or financial zone, banks have to make an international bank transfer. The differences between these two bank transfers affect the number of fees banks charge and the duration it takes to complete the transfer.
How long does it usually take for my funds to arrive?
|
Payment Type |
Timing |
Approximate Cost* |
|
Domestic/Local Transfer method |
same day up to 1 business day |
low or no cost, vary by bank |
|
International bank transfer (SWIFT) |
from 1 to 4 business days |
vary by bank |
*Please consult with the sending institution about the costs to process your payment as this may vary by financial institution. IBKR does not charge fees for the deposit of funds.
IBKR credit funds real time upon receipt. Please note that we do not have influence on the speed of transfer. You may consult with your bank regarding their processing times.
Payments that are subject to additional review may take longer to credit.
