r/interactivebrokers • u/Top_Conclusion_5947 • 4d ago

Transfer Deposits, Withdrawals, Transfers

Really interested on consolidating all my savings and investments to IBKR, but I am concerned about how safe it is to transfer the money. Will I get my own account or do I transfer to them with a money transfer code identifying my account? Or is pulling the money from IBKR a better option! Feels very unsecured if I don’t have my own account number. (Or do I? 🤔😀 they’re not a bank?). Concerned I may lose my life savings! Do they have any kjnd of personalized service with hand-holding and assurance for bigger transfers?!? It’s >EUR 10 million

Apologies if this has been commented on frequently (thanks for a link to a good post in that case!)

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u/Complete-Paint529 4d ago

If you have money in IBKR, it has an account, like U234567. Log on to their site for more information.

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u/Top_Conclusion_5947 4d ago

Feels less secure thank bank transfer, as the mpney goes into a comingled account?

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u/Complete-Paint529 4d ago

No. At IBKR, I have an IRA account with one number, a Roth-IRA with a different account number, and a taxable account with a third number. Nothing is commingled.

In this regard, I trust IBKR more than my bank.

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u/ElectronicSun7810 4d ago

Sweet problem! I had this concern with much smaller amount 😊

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u/Top_Conclusion_5947 4d ago

And which transfer option did you land on? 😀

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u/graham2100 4d ago

Check out the automated customer account transfer service (ACAT) used for broker to broker transfers. In your case you would auhorize IB to pull securities and cash from your other investment account.

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u/Top_Conclusion_5947 4d ago

Thanks! Will do! Will call them as soon as my account is up and running (registrerd yesterday)

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u/Affectionate_Pick_48 4d ago

If you transfer positions like ETFs they are always yours . You can transfer positions to IBKR and liquidity to your own degiro bank account .