The amount you can withdraw from Interactive Brokers per day varies significantly based on the type of security device you use to authenticate your account. Utilizing stronger security measures, such as a mobile authenticator app, allows for much higher daily withdrawal limits compared to less secure methods.
Understanding Daily Withdrawal Limits
Interactive Brokers implements daily withdrawal limits as a security measure to protect your funds. These limits are directly tied to the level of security you employ for your account's two-factor authentication (2FA). The more robust your security device, the greater your flexibility in withdrawing funds.
Here's a breakdown of the maximum daily withdrawal amounts:
| Security Device | Maximum Withdrawal Per Day |
|---|---|
| None (2FA Not Configured) | USD 50,000 |
| Temporary Security Code | USD 50,000 |
| SMS (Text) Message | USD 200,000 |
| Mobile Authenticator app | USD 1,000,000 |
Impact of Security Devices on Withdrawals
- No 2FA or Temporary Security Code: If you do not have two-factor authentication configured, or if you are using a temporary security code, your daily withdrawal limit is set at USD 50,000. This lower limit is designed to mitigate risk for accounts with less robust security.
- SMS (Text) Message: By using SMS for two-factor authentication, your daily withdrawal capacity increases significantly to USD 200,000. While more secure than no 2FA, SMS can be vulnerable to certain types of attacks, which is reflected in its limits.
- Mobile Authenticator App: The most secure option provided, a mobile authenticator app (like IBKR Mobile Authentication), allows for the highest daily withdrawal limit of USD 1,000,000. This method offers enhanced security, making it the preferred choice for clients needing to transfer larger sums.
It is always recommended to utilize the strongest available security device, such as the mobile authenticator app, not only for higher withdrawal limits but also for optimal protection of your account. For more detailed information on withdrawal limits and security, you can refer to the Account Withdrawal Limits on IBKR Guides.
