transfer amount error in IB account

Discussion in 'Retail Brokers' started by Fighter, Jul 28, 2007.

  1. Fighter


    I use EFT method to transfer money from IB to local bank several times.

    recently, it surprise me that IB differentiate between money sent and amount withdraw. The difference is 2 dollar.

    Any idea on that issue. I will contact them next week.

    I didnt pay attention on the account accuracy until.

    It is really burden to check everything charge on account activity.

    What do you think?
  2. JackR


    After the first withdrawal (of any kind) in a month, IB charges the following withdrawal fees for any subsequent withdrawal:
    Base Currency USD
    Wires $10
    Checks $4
    ACH/EFT $1

    Are you doing more than one per month? That might explain your problem if they take the fee out of the amount transferred.

  3. Fighter


    yes this is third time EFT so they charge $2

    it seems increase charge when you have more trasfer.

    is it that true
  4. Fighter


    more than 1 for a month.

    they charge $1 for USD and $2 for CAD

  5. Fighter


    Thank JackR for your kind reply