What payment methods does Interactive Brokers support for deposits and withdrawals?
Interactive Brokers (IB) supports a variety of payment methods for both deposits and withdrawals, including wire transfers, ACH, and BPAY, depending on where I’m located. For U.S.-based traders like me, I’ve used ACH to deposit funds quickly and easily, which is a reliable and cost-effective method. For international clients, IB offers BPAY, which is a useful option in places like Australia. However, IB does not support PayPal or cryptocurrencies for payments, which is a downside for those who prefer these methods. Despite this, I find that IB’s range of traditional payment methods is more than sufficient for my needs. I appreciate the flexibility in choosing the most convenient method depending on my location and account type.