Deposit funds into Interactive Brokers from Revolut

M

Maverick2608

I know you can withdraw funds from Interactive Brokers to Revolut.

Has anyone tried to deposit funds into Interactive Brokers from Revolut?
 
The difficulty of Revoult for US brokers is that in the current state that they send their funds, there is no clear way to verify the ownership of funds, which is a regulatory requirement.
 
Ironbeam said:
The difficulty of Revoult for US brokers is that in the current state that they send their funds, there is no clear way to verify the ownership of funds, which is a regulatory requirement.
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But it is my understanding that Revolut now operates as a normal bank with a normal bank licens. Deposits are covered by deposit insurance. I therefore assume that clients have got a unique bank account as opposed to pooled funds and thus a clear way to verify ownership of funds.

Before you did not have deposit insurance and the bank account was a pooled account and at that time I agree there was no clear way to verify ownership of funds.

So I guess my question is whether things have changed after clients of Revolut now have a real bank account in the traditional sense.
 
Maverick2608 said:
But it is my understanding that Revolut now operates as a normal bank with a normal bank licens. Deposits are covered by deposit insurance. I therefore assume that clients have got a unique bank account as opposed to pooled funds and thus a clear way to verify ownership of funds.

Before you did not have deposit insurance and the bank account was a pooled account and at that time I agree there was no clear way to verify ownership of funds.

So I guess my question is whether things have changed after clients of Revolut now have a real bank account in the traditional sense.
More...

If that is the case then the deposits may be able to be accepted now as long as they come in the form of an ACH or wire. In the past they didn't.
 
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