Funding a new IB account from an existing account

Discussion in 'Retail Brokers' started by SideShowBob, Mar 15, 2006.

  1. Has anyone ever tried to see if it is possible to wire funds from one IB account to another (when a transfer is not allowed)? I just opened a new account and don't want to have to bother sending the money back to my checking account and then via check back to IB....

  2. if the accounts have the same name you can do an internal transfer.
  3. They don't....can I do a wire?
  4. - When the titles match internal funds transfers execute real time.
    - When the titles do not match but the Tax ID's do, you'll receive a reject but we'll process the transfer after the 16:00 EST. Please send a 'Trouble Ticket' because this is a manual process.

    We also transfers from an individual account into a joint account if there is a common tax ID. Another manual process so please send a 'Trouble Ticket'.

    Individual to corporation requires withdrawing the cash and re-depositing.