For IB - how long for cashier's check to post to account?

DarthSidious

DarthSidious

I opened another account at IB and mailed a cashier's check to them. Mailman picked it up saturday from my mailbox. I was hoping it would post to the account by now...

I was lazy and didn't want to make a trip to the post office (to add tracking number etc.) - just stuck a 39c stamp on the envelope and mailed it - getting a little antsy - kinda large cashier's check.

Any experience how long this might take? The mail should have been delivered to IB on tuesday. I am near Chicago and the mail is going to NJ.

Thanks!
 
never mail ib money if you are in a hurry. always wire it. they seem to be slow with checks. i have heard of two week turnaround times.
 
ACH transfers are available if you can't make it to the bank. 4-day turnaround on ACH. Wires are same-day, but I believe the Patriot Act doesn't allow for phone-wires.

They'll probably get the check tomorrow. I've sent IB a personal check and IIRC they notified me of receipt on the 5th day.
 
Well, I guess I would wait till early next week and if IB hasn't received it by then contact the bank and try to void the cashier's check. But I believe if I do that my money would be frozen for a month or so with me having no access to it. :(
 
If you wire-in money into IB, it may get posted any time from the same day to 4 days. However, you will be able to use that money to trade one day after it gets posted in your IB account according to an IB CSR.
 
yes, yes, guilty as charged :mad:

I just want to make sure IB receives the damn check. I can wait a few days.. all the good trades aren't running away. :D

But seriously - I would never mail a check again. :mad:
 
Quote from DarthSidious:

yes, yes, guilty as charged :mad:

I just want to make sure IB receives the damn check. I can wait a few days.. all the good trades aren't running away. :D

But seriously - I would never mail a check again. :mad:
More...

I wired IB some additional funds yesterday about 11AM. The funds were credited to my account about 1 hour later. My bank charged me $15 for the wire. Money well spent. Now you see what $.39 gets you.

OldTrader
 
Quote from DarthSidious:
Any experience how long this might take? The mail should have been delivered to IB on tuesday. I am near Chicago and the mail is going to NJ.

Is this a trick question, or did you really mail the check to some place in NJ? IB is in CT.

I wouldn't trust the USPS as far as I could throw them (collectively).
 
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