Withdraw Funds to a Third Party

1. Click Transfer & Pay Transfer > Transfer Funds.
   • Alternatively, click Menu in the top left corner > Transfer & Pay > Transfer Funds.
2. If you have multiple accounts, account partitions, or a master account and manage one or more client or sub accounts, the Account Selector will open. Select the account to use, or use the search function in the Account Selector to find it. Click Continue and close the Account Selector.
3. In the Transaction Type list, select Make a Withdraw.
4. In the Currency list, select your withdrawal currency.
5. In the Method list, select Bank Wire.
6. Complete the fields in the Bank Information section:
   • Enter a name for the bank information (it will be saved).
   • If you are sending the funds to a bank, select the country where the bank is located (Bank Country), then enter your account number at the bank twice.
   • If you are not sending the funds to a bank, select no, then complete all the fields.
7. When you select the Bank Country, the Receiving Bank section will appear. Click Search to find your bank.
   • In the Bank Search pop-up you can search by ABA (routing) number or bank name. By default, "Search by bank name?" is set to No, which allows you to search by routing number. To search by bank name, select Yes, then complete the form and click Search.
   • A list of all banks with their routing numbers will appear. Select your bank. Information for the bank you select will be entered into the Bank Information section of the Fund Transfers screen.

   Note: For third-party withdrawals intended for the bank of a third-party payee, enter information about that bank (not your bank).

8. In the Third-Party Recipient section, set "Is the recipient someone other than the account holder?" to Yes, then enter information about the third-party payee in the fields that appear.
9. Click Continue to submit the third-party payee information to us for approval.

   You will be notified upon approval.

Once we approve your third-party payee, follow these instructions to enter the wire withdrawal request.

1. Click Transfer & Pay Transfer > Transfer Funds

   • Alternatively, click Menu in the top left corner > Transfer & Pay > Transfer Funds.

2. If you have multiple accounts, or account partitions, a master account and manage one or more client or sub accounts, the Account Selector will open. Select the account you want to use, or use the search function in the Account Selector to find it. Click Continue to submit your account selection and close the Account Selector.

3. In the Transaction Type list, select Make a Withdrawal.

4. In the Currency list, select your withdrawal currency.

5. In the Method list, select Check.

   • In the Mail section, select Send to another person/entity in the Recipient drop-down menu.

   • Complete the fields in the Third-Party Payments section and in the Country dop-down menu choose Country as mailing address.

   • Enter the recipient's mailing address.

6. Enter your relationship to the third-party payee and the reason for the payment.

7. Click Continue to submit the third-party payee information to us for approval.

8. You will be notified when we approve it.

After a due diligence review, IBKR may allow withdrawals to a third-party for purposes such as:

• Withdrawal for purchase of a home or mortgage payoff

• Withdrawal to a spouse, parent, sibling, or child of the source account holder

• Withdrawal to an account held by an account holder of a joint account

• Withdrawal from a trust account to a beneficiary

• Payment of certain account expenses

• Tax payments

• IRA qualified charitable distributions

We will generally not approve the following types of third-party withdrawals:

• Private investments

• Repayment of loans

• Withdrawals to companies owned by the account holder

• Payment for purchases of goods or services

• Withdrawals to individuals other than spouse, parent, sibling or child of account holder