How do I withdraw cash from my IB account?

Below is a step by step guide on how to withdraw your cash from your IB account.

Please note that prior to conducting any of these steps, the money needs to be present in cash within your account, and you would require to submit a withdrawal request if still invested in assets.

  1. Log into your IB account here. In case you are having any trouble logging in, you can refer to our page on how to log into IB

  2. Go in the menu tab under Transfer & Pay > Transfer Funds

    Withdrawal_iage_1.png
     
  3. Select make a withdrawal

  4. Select Bank Wire

  5. Fill in the required fields:

    • Account Nickname - Nickname you want to give to that bank account

    • Where will the fund be deposited? - Select Bank if you are withdrawing to a bank

    • Bank Country - Select the country

    • Bank Account type - (Select international Bank account number IBAN)

    • IBAN - Enter your bank account IBAN

  6. Confirm correspondent bank information - Select CITIBANK N.A Preferably. If not available any of the above can work

  7. Press Continue

  8. Review to ensure that all the information inputted is correct

  9. Enter your username and password

  10. Press continue

  11. Press Finish. You have now created a bank account to which you can withdraw your funds. It should be available at the top of your withdrawal page (see picture below)

     

    Withdrawal_image_2.png

  12. Select that account (or the one you wish to withdraw to if you have many)

  13. Enter the amount you wish to withdraw (you can only withdraw the amount that is in cash available for withdrawal)

  14. Press create withdrawal

Too lazy to read? Watch this video covering all the steps:

 

 

 

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