Fastest way to fund IB account?

R

Relleum

Searched for this, but couldn't find an answer:

What is the fastest way to get funds into your IB account? I just opened an account, and I used the bank ACH option, and it's been 3 days and there is no sign of the funds.

I called my bank that the funds will be withdrawn from, and they say that there are no hits/pending requests. What exactly is IB doing with the request?

So I'm wondering if there is a faster option. Anyone experience with this?
 
Fed Wire. I don't have an IB account yet but in in the process of opening one. Fed Wires are always the fastest.

In my experience ACH's are like checks. They are a little faster but still act like checks.

Fed wire should be same day, if not, next business day.
 
Quote from Relleum:

Searched for this, but couldn't find an answer:

What is the fastest way to get funds into your IB account? I just opened an account, and I used the bank ACH option, and it's been 3 days and there is no sign of the funds.

I called my bank that the funds will be withdrawn from, and they say that there are no hits/pending requests. What exactly is IB doing with the request?

So I'm wondering if there is a faster option. Anyone experience with this?
More...

it is really easy to find on ib site-

http://www.interactivebrokers.com/en/accounts/depositCreditHoldPeriods.php

US ACH – USD
(initiated by customer via customer’s bank) 4 business days Funds can be withdrawn as soon as the Credit Hold Period has expired.

1Credit Period is the number of days before funds are posted to the customer's account and are available for trading. Credit Period begins on the Entry Date for all deposit types. Credit is posted after the close-of business of the relevant day (e.g., 4 days means credit is posted COB on the 4th day).

if you bank saying that there is no request, how did you send your money?
even if you did-it depends on bank too(i would add one more day, if ACH initiated by EOD).
 
Some financial institutions are able to do ACH next day (e.g. you put in the request before X time today and by tomorrow morning the transfer will be complete).

Some other institutions are notoriously slow handling ACH transfers and I suspect they are just enjoying an interest fee loan on your money (I'm talking online savings banks now)

So there is no technical reason why IB couldnt have done the ACH pull you requested by the next day, if your bank hasnt seen it then they obviously have delays built into the system for whatever reason.

http://en.wikipedia.org/wiki/Automated_Clearing_House

As someone else said, wire tranfers are the fastest, usually a matter of hours. Again, that only works if the institution receiving the money is willing to process the wire transfer request that fast.
 
It can normally take a day for IB to initiate an ACH transfer and 4 business days before the money is in the account.
 
As someone else said, wire tranfers are the fastest, usually a matter of hours. Again, that only works of the institution receiving the money is willing to process the wire transfer request that fast.
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i wire money once from BOA to IB. by the time i back home(less than 15 minutes)money is already in my IB account.:)
 
Quote from Bob111:

i wire money once from BOA to IB. by the time i back home(less than 15 minutes)money is already in my IB account.:)
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Nice
 
one more thing for Relleum-
To make a deposit of funds or to initiate a transfer, you must complete a Deposit and Transfer Instruction under Account Management. Instructions and addresses will be displayed during the Deposit Instruction process within Account Management. Checks or wires sent to IB without a completed Deposit Instruction will be held in suspense until we can contact you to complete one.
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not sure about ACH, but you better ask IB about it. maybe you need deposit initiation for ACH too. and it must be done BEFORE sending money to IB

http://www.interactivebrokers.com/en/accounts/depositInstructions.php
 
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