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 Interactive Brokers (IBKR), IBKR users, welcome!

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blackchides
post Jan 16 2022, 03:59 PM

HiiiPower
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Senior Member
779 posts

Joined: May 2006


Hey all, newbie here, appreciate some help here.

I just set up my IBKR for the first time and want to use the ACH method through Transfer Wise but after I click through the option in IBKR to transfer via ACH, it requires me to verify my bank account using their auto verification. After I clicked through that, it gave me a list of US banks (need to login to verify). Wise is not on the list obviously.

Watching Ziet's video, it goes straight to direct debit confirmation signature which is not what I got. So yeah, just wondering how I can set this up.

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This post has been edited by blackchides: Jan 16 2022, 04:00 PM
blackchides
post Jan 16 2022, 07:02 PM

HiiiPower
*****
Senior Member
779 posts

Joined: May 2006


QUOTE(Davidtcf @ Jan 16 2022, 06:04 PM)
Make sure you press on "deposit funds" and not something else. Then at ach transfer there click on "get instructions". I just tested doing so no issue similar to ziet video.
*
Yeah, so it's deposit funds as part of first time account set up. I've put some screengrabs below.

» Click to show Spoiler - click again to hide... «


It just goes all the way to those US bank accounts which we wont have the username and password for because it's technically Wise's account. Strange...

Maybe a separate question, tried searching thread but didnt find a direct answer. Can I use TransferWise to wire the funds in (as in not ACH, just wire transfer via SWIFT)? If can, what sender account details do I key in at IBKR like account number swift code etc? Ie. how do I get the right Wise account details to key in for IBKR?

Apologies in advance if questions are too elementary.
blackchides
post Jan 22 2022, 03:13 PM

HiiiPower
*****
Senior Member
779 posts

Joined: May 2006


» Click to show Spoiler - click again to hide... «


Just an update - the Deposit via ACH button will appear after your account is verified by IBKR - before that, they do ask you to deposit funds first as "funded accounts are verified faster"; the button didn't show then that's why I was confused. The funded account being verified faster is irrelevant by the way, my unfunded account got verified within a day.

So yeah, I had no issues following Ziet's video's steps after that. thumbup.gif Thanks for the help, all.

 

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