Open topic with navigation. Complete the following steps to close your account at IB. If you have more than one ACH bank instruction on file, you will have the opportunity to select one. If you do not have any ACH bank instructions, we will issue a check to your U. For all non-USD based accounts, we will issue a wire based on the banking instruction on file. Liquidate or Transfer Positions Accounts with positions cannot be closed. You must either liquidate, or transfer all positions to another brokerage firm.
Please contact your broker for transfer instructions. View your latest statement to verify that all positions have been liquidated or transferred. Verify Bank Wire Instructions For all non-USD based accounts, we will issue a wire based on the saved bank information instruction on file. If you do not have any saved bank information instruction for a Wire Withdrawal, create one. Cash balances will be reduced by the cost of the device between USD 20 and USD depending on device until the secure login device is returned.
For more information regarding how to return the device please contact our Technical Assistance Department or visit our web site: This information will only be available for a limited time after your account is closed. You will need to save your username and password for future access to statements.
Your account will generally be held open for up to three months after you receive your closing withdrawal to collect any possible future fees, dividends, interest, or corporate actions. After that time, your account will be closed permanently. If the above criteria are not met, our system will be unable to process your account closure request. Inactivity fees will continue to be deducted from an account until the above steps are completed, including the return of any Secure Login System device.
Also note that funds held to secure the return of the security device may not be withdrawn until the device has been returned, and will be applied to meet any inactivity or market data fees. Convert Foreign Currencies Closing withdrawals may only be made in your base currency.
You must convert any foreign currency you may hold back to your account's base currency. Be sure to check your statement and consider any dividend or interest accruals. If you need assistance with the conversion process please contact our Trade Desk. Ensure Recent Deposits Have Cleared All recent deposits, such as ACH, check and wire transfers, must have time to clear according to the Customer Deposit Credit and Hold Periods policy before your request to close your account can be honored.
See the Funding Reference for details on credit and hold periods:. In the latter case, confirm that we have your correct U. Specify the reason you are closing your account by clicking the appropriate check boxes. Click the Submit button to submit your request. Check back to see if any balance has been created on future statements.