TRY Deposits and Withdrawals
Deposits
Easily fund your Interactive Brokers account using our straightforward deposit options. We've included everything you need to know to get your funds working for you quickly and efficiently.
Before initiating your transfer, ensure your Interactive Brokers account is active and gather the necessary information:
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Your IB account number.
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Deposit amount.
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Sending institution details.
The specific banking instructions will be provided when you create a deposit notification through the portal – an essential step that ensures your funds are properly matched to your account.
Quick Start: Fund your account
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Log in to the portal.
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Select Transfer & Pay and then Transfer Funds menu options.
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Select "Deposit Funds" followed by the desired Deposit Method.
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Click "Get Instructions" to get started.
Important TRY Deposit Information
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Two transfer methods are available for TRY deposits depending on your bank's location: RTGS (Real Time Gross Settlement System) transfers are available at banks located in Turkey for domestic bank-to-bank transfers, while banks located outside of Turkey will likely offer International Bank Transfers (SWIFT). In both cases, your bank may only require the IBAN and SWIFT code of our bank to process your payment.
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RTGS is a domestic payment system where money transfers from one bank to another within Turkey on a real-time and gross basis. Settlement in real time means the payment is not subject to any excessive waiting period. Your bank will automatically select the payment system based on your location. RTGS transfers typically arrive same day to 1 business day at free or very low cost.
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International bank transfers (SWIFT) from outside Turkey are likely routed via a correspondent bank located in Turkey before reaching your account. These cross-border payments often take more time to complete (1 to 4 business days) due to the complexity of involving multiple banks and may be delayed due to operating hours of local settlement systems or compliance checks across different jurisdictions.
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IBKR does not control transfer speed. Consult your sending institution about processing times and cut-off times.
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Payments requiring additional review may take longer to credit.
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Please consult with the sending institution about costs, as fees vary by financial institution. We do not charge for deposits.
Deposit Transfer Methods
Interactive Brokers offers multiple methods for depositing TRY into your account. Each method provides different benefits in terms of processing speed, convenience, and associated fees. Available transfer options may vary depending on which IBKR entity services your account, as certain deposit methods are entity specific.
Bank Transfer
Setup a template at your bank to transfer funds from your bank to your IBKR account.
| Availability: | IBKR LLC and UK |
| Required Information: | Sending bank's details (sending institution name and account number), and IBKR's provided bank account details. |
| Speed: |
1 business day or less for local transfers. 1 to 4 business days for international transfers. |
| Limits: |
Transfer limits may be set by your bank. |
| Fee(s): | Determined by your bank, generally fees do apply. |
| Trading Availability: |
Funds are immediately available for trading after arriving at IBKR. |
| Withdrawal Hold(s): |
3 business days. |
Transfer from Wise Balance
Link your Wise profile, then initiate a fund transfer from your Wise multi-currency account to your IBKR account. Wise converts your funds into an IBKR supported currency and transfers the funds to your IBKR account.
| Availability: | IBKR LLC and UK |
| Required Information: | Your Wise username and password to link to your IBKR account. |
| Speed: |
Wise converts your funds into a supported currency for this method and transfers the funds to your account. Provide transaction details to review currency-specific arrival times. |
| Limits: |
Generally no limits, however transfer limits may be set by Wise. |
| Fee(s): | Wise charges for currency conversion. Provide transaction details to review currency-specific fees. |
| Trading Availability: |
Funds are immediately available for trading after arriving at IBKR. |
| Withdrawal Hold(s): |
3 business days. |
Withdrawals
Access your funds with our streamlined withdrawal process. This section shows you how to transfer money from your Interactive Brokers account back to your bank. We've made retrieving your funds straightforward so you can access your money when you need it.
Quick Start: Fund your account
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Log in to the portal.
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Select Transfer & Pay and then Transfer Funds menu options.
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Select "Withdraw Funds" followed by the desired Withdrawal Method.
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Click "Use The Method" to get started
Withdrawal Transfer Methods
Interactive Brokers provides withdrawal options depending on which IBKR entity services your account, as certain withdrawal methods may be entity specific. Available method(s) differ in processing time, limits and associated fees. Review the details below to understand your options.
Bank Wire Withdrawal
One-time setup of a withdrawal destination at IBKR to tell us where to send the funds via the SWIFT Network.
| Availability: | IBKR LLC and UK |
| Speed: |
Receive the funds next day |
| Limits: |
Daily limits apply depending on your secure login device. May be subject to further review by your bank. |
| Fee(s): | One free withdrawal is allowed per calendar month. Subsequent withdrawals using this method will incur a fee at IBKR. |
Other Considerations
Unacceptable Deposit Methods
The following deposit methods are not accepted for TRY:
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Physical cash (coin or currency) – IBKR does not support physical cash deposits or over the counter transactions at bank branches.
Third Party Deposits and Withdrawals
Third party deposits are funds that originate from an account not owned by the receiving IBKR account holder. IBKR generally discourages and reserves the right to reject third-party deposits due to industry-wide fraud and money laundering concerns.
IBKR considers requests to withdraw funds to account not in your name, but approval isn't guaranteed and requires additional reviews. For faster processing its recommend to withdraw funds to your own bank account. Note that this service is not available for IBAU, IBIN, IBSJ, and IBSG customers.
Digital Wallet Providers
IBKR does not support digital banks when the bank is based on a digital wallet. IBKR does not recommend sending funds from a payment processor as funds are often sent without the payment details or sufficient information. This can lead to significant delays in allocating the deposit to your brokerage account or in some case to the rejection of the payment. Please see https://www.interactivebrokers.com/lib/cstools/faq/#/content/1218315577 for more information.
Other Restrictions
For anti-money laundering compliance, residents of high-risk countries face restrictions on transfers between countries and can only withdraw to accounts they previously deposited from. We may limit your transfer destinations regardless of location, and changing your base currency requires a 5-day waiting period before withdrawals. Restricted transactions will be automatically blocked. Please see Funds Transfer Restrictions for more information.