IB Depositing

Quote from joeactuary:

Below is the timeline of my latest deposit. IB notes that the money won't be available till March 12th, that's 6 business days from when I put in the deposit request. The money has already been withdrawn from my bank account as of today (March 8th) so I got 4 more business days to wait. I don't remember it taking this long last year. Oh well, the whole process is quicker than the change of address which took over a week. I would feel worse about the whole thing if I'm missing out on IB interest, but IB is paying out 0.00% so can't feel too bad about that. I only have to wait 2 months to get unrestricted access to my own money though. Woo Hoo!


Deposit Notification 3/5/2010
Deposit Arrival 3/5/2010
Credited To Equity 3/11/2010
Available For Withdrawal - Restricted 3/17/2010
Available For Withdrawal - Unrestricted 5/13/2010
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i recently change address on few IB accounts. it took about a day. personal data change on some accounts (we have to submit 2-3 scanned documents)-this procceess take about 2 days. can't complain here
i agree on ACH -it little bit too much imo. why ACH out of IB, initiated @ IB only take day or two max? on other hand-try ACH @ BoA-not only you have to pay $3 each time-it will take up to 9 business days for them...make you feel that you are in some stone age..
 
Quote from Bob111:

i agree on ACH -it little bit too much imo. why ACH out of IB, initiated @ IB only take day or two max? on other hand-try ACH @ BoA-not only you have to pay $3 each time-it will take up to 9 business days for them...make you feel that you are in some stone age..
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Use a wire transfer. Takes a couple of hours, at least for deposits.
 
Quote from IB Salvatore:

Customers who do not have a security device from IB are limited to a single ACH deposit of $20,000 or less.

Additional ACH deposits require a security device which can be obtained through the Secure Login System.
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I think IB no longer accepts ACH deposit without secure login.
 
Quote from Bob111:

i'm cheap bastard..screw $25 fee :p
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No fee from IB for wire deposit. No fee from IB for one wire withdrawal per month. Second withdrawal is $10.

OldTrader
 
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