re-open account with IB?

Quote from abxs:

Has anybody ever had to open a new account because his original one got closed because he withdrew money from it because he was going on a holiday for a couple of weeks/months?

It appears they do that without single warning... you have to leave a minimum amount of money in your account otherwise they close it out, just like that.

I figured they could at least give a warning. Now one has to go through the whole application process all over again.

Anybody else experienced something similar?
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how much you withdrew? did you take all of your money? if so-why? i'm pretty sure, if you left 500$ and wire rest(for example 90K) into your bank account before you going to vacation-you will be fine. why should they close your account? maybe there something else? my account was frozen once for 180 days, cause of PDT violation-i just close it and open another one few days after that violation. Filling online application take like 15-20 min max, get approved-another day or two. no big deal, even if you have to do it from scratch.
Another thing-why, BEFORE you done all this, you did not spend couple minutes with IB CS? There are nice people in banking dept and I’m sure they would tell you, what to do and how to avoid such situation
 
Quote from Bob111:

Filling online application take like 15-20 min max, get approved-another day or two. no big deal, even if you have to do it from scratch.
Another thing-why, BEFORE you done all this, you did not spend couple minutes with IB CS? There are nice people in banking dept and I’m sure they would tell you, what to do and how to avoid such situation [/B]
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Well it actually takes a lot longer these days to have a new application be approved... there seem to be a lot more security checks according to this thread:
http://www.elitetrader.com/vb/showthread.php?threadid=101878


also, I didn't contact IB CS before (ok I should have) but the money was only away for a week... who figured they would close it so quickly?
 
Quote from abxs:

Has anybody ever had to open a new account because his original one got closed because he withdrew money from it because he was going on a holiday for a couple of weeks/months?.....
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Abxs.....

I think I can help you get this completly cleared up in your mind.

Please follow these simple steps:

#1 Ask yourself: Why would a brokerage leave an account open which has no money in it?

#2 Ask yourself: Why am I taking all my money out of my trading account when I know I'll soon be back to trade? (Keep in mind, IB wouldn't know you were coming back.)

#3 Go to www.dictionary.com and look up this phrase: common sense.

Hope this helps.
 
Quote from BSAM:

Abxs.....

I think I can help you get this completly cleared up in your mind.

Please follow these simple steps:

#1 Ask yourself: Why would a brokerage leave an account open which has no money in it?

#2 Ask yourself: Why am I taking all my money out of my trading account when I know I'll soon be back to trade? (Keep in mind, IB wouldn't know you were coming back.)

#3 Go to www.dictionary.com and look up this phrase: common sense.

Hope this helps.
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See what another trader posted above:

"Last time I was with Tradestation they keep the account open for a year after complete funds withdrawal. Scottrade, keep my account open for a years with no funds."

Does your bank delete your checkings account when you leave zero cash on it? I didn't think so. Does your bank erase your savings account just because you haven't saved anything the last week? I doubt it very much.
Common sense my a**.
 
Quote from bundlemaker:

Trust me, this IS the MOST constructive answer you can get. I submit that when you change your attitude and behavior towards digging into the details BEFORE the questions arise, things will go much, much better for you.
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And Bundlemaker should know, he has been digging into the finer points of Jack Hershey's method for months.. and now his account has been closed out
 
Quote from BSAM:

Abxs.....

I think I can help you get this completly cleared up in your mind.

Please follow these simple steps:

#1 Ask yourself: Why would a brokerage leave an account open which has no money in it?

#2 Ask yourself: Why am I taking all my money out of my trading account when I know I'll soon be back to trade? (Keep in mind, IB wouldn't know you were coming back.)

#3 Go to www.dictionary.com and look up this phrase: common sense.

Hope this helps.
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Ask yourself why IB is the only broker that does this.
 
Quote from shadowtrader:

Ask yourself why IB is the only broker that does this.
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WHy does it matter?

Does my business have to run the same way your business runs?? If I have customers to support me, that is irrelevant.
 
Quote from giles117:

WHy does it matter?

Does my business have to run the same way your business runs?? If I have customers to support me, that is irrelevant.
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Do you understand why I quoted? I will spell it out for you. BSAM stated it was common sense. How is it common sense when they are the only one?
 
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