Withdraw Funds to a Third Party

1. Click Transfer & Pay > Transfer Funds.
   • Alternatively, click Menu in the top left corner > Transfer & Pay > Transfer Funds.
2. If you have multiple accounts or account partitions, or if you have a master account and you manage one or more client or sub accounts, the Account Selector opens. Select the account you want to use for this transaction, or use the search function in the Account Selector to find the desired account. Click continue to submit your account selection and close the Account Selector.
3. In the Transaction Type list, select Make a Withdraw.
4. In the Currency list, select the currency of your withdrawal.
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 under this name).
   • If you are sending the funds to a bank, select the country where the bank is located (Bank Country), and then enter your account number at the bank twice.
   • If you are not sending the funds to a bank, select no, and then complete all of the fields.
7. As soon as you select the Bank Country, the Receiving Bank section appears. Click Search in this section to search for your bank.
   • In the Bank Search pop-up, you can search by ABA (routing) number or by bank name. By default, "Search by bank name?" is set to No, which allows you to enter a routing number and search for your bank that way. Select Yes to search by bank name, and then complete the form and click Search.
   • A list of all banks along with their routing numbers appears. Select your specific bank. Information for the bank you select will be entered into the Bank Information section of the Fund Transfers screen for your transaction.

   Note: For third-party withdrawals that are intended for the bank of a third party payee, you will want to 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, and 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 when we approve the information.

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

1. Click Transfer & Pay > Transfer Funds

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

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

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

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

5. In the Method list, select Check.

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

   • Complete the fields in the Third Party Payments section:

   • In the Country drop-down menu, Choose Country for the mailing address country.

   • Enter the recipient's mailing address.

6. Enter your relationship to the third-party payee and the reason in the field that appears

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

8. You will be notified when we approve the information.

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

• Withdrawal for purchase of a home or mortgage payoff

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

• Withdrawal to an account held by one of the account holders of a joint account or vice versa.

• Withdrawal from trust account to a beneficiary

• Payment of certain account expenses

• Tax payments

• IRA qualified charitable distributions

IBKR 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 purchase of goods or services

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