Deposit Funds

Home > Funds Management > Fund Transfers > Depositing Funds

The Fund Transfers page lets you notify KW of a deposit of funds into your account. KW supports the following types of deposits:

         Wire

         Check (all checks, including retirement checks)

         Online bill payment check

         Automated Clearing House (ACH) transfer initiated by KW

         ACH transfer initiated by your bank

         Canadian Electronic Funds Transfer (EFT) initiated by KW (Canada only)

         Direct Rollover (IRA)

         Trustee-to-Trustee

To notify KW of a deposit

  1. Click Funds Management in the left pane, then click Fund Transfers.

  2. If the Secure Login System page opens, this means that your account is enrolled in the Secure Login System and you must use your security device or temporary password to log into the Funds Status page:

  1. Enter your username, then click OK.

  2. Read the instructions on the screen carefully, then enter the response string from your security device and click OK.

  3. If you have a master account, in the Client/Sub Account Selection area, use the radio buttons to search for client or sub accounts by Account ID, Account Title or Account Alias, then click the client or sub account whose transaction history you want to view.

     

  4. In the Transaction list, select Deposit Cash.

  5. In the Method list, select one of the deposit types listed in the table below, then follow the instructions in the table to complete the deposit request process.

    • Click Cancel to cancel the transaction.

  6. For Wire, Check, ACH Initiated by KW and Canadian EFT Initiated by KW deposits, select an existing bank instruction from the Please select list if you intend to set up a recurring transaction for that transaction method.

    For all transaction methods EXCEPT ACH Initiated by KW and Canadian EFT Initiated by KW, select Proceed with transaction from the Instruction list if you do NOT want to set up a recurring transaction.

    For ACH Initiated by KW and Canadian EFT Initiated by KW deposit transactions, if a bank instruction for the institution does not exist, select Add New Instruction, then create a new bank instruction as described in Adding Bank Instructions.

    Select Add New Instruction also if you want to create a new recurring transaction.Recurring deposit transactions also require that you create a bank instruction before setting up the frequency and method of the transaction.

    Deposit Type

    Step 1

    Step 2

    Wire

    Provide delivering institution details in these fields, then click Confirm:

             IRA Deposit Type (IRA accounts only)
    Select Contribution or Rollover.

             Amount

             Currency

             Sending Institution

             Customer Reference Number or Payment ID (Optional, provided by your bank)

    Instruct your bank to wire the funds to the institution displayed on the screen.

    Click Print to print a copy of the page for your records.

    Check

    Provide check deposit details in these fields, then click Confirm:

             IRA Deposit Type (IRA accounts only)
    Select Contribution or Rollover.

             Amount (your base currency is displayed)

             Sending Institution

             Check Number

             Bank Routing Number

             Bank Account Number

    Mail your check with a copy of the confirmation screen to the address displayed.

    Click Print to print a copy of the confirmation.

    Bill payment

    Provide bill payment check deposit details in these fields, then click Confirm:

             IRA Deposit Type (IRA accounts only)
    Select Contribution or Rollover.

             Amount (your base currency is displayed for you)

             Sending Institution

             Check Number

    Mail your check with a copy of the confirmation screen to the address displayed.

    Click Print to print a copy of the confirmation.

    ACH initiated by KW

    Enter the following, then click Confirm:

             Amount

             IRA Deposit Type (IRA accounts only)
    Select Contribution or Rollover.

    The deposit is submitted and no further action is required on the screen.

    Click Print to print a copy of the page for your records.

    There is a $20,000 limit on ACH deposits initated at KW for customers without an KW security device. This limit applies to the first ACH deposit only. No additional ACH deposits will allowed without a security device. For details about KW security devices, see the Secure Login System page.

    ACH from Bank located in US

    Provide ACH deposit details in these fields, then click Confirm:

             IRA Deposit Type (IRA accounts only)
    Select Contribution or Rollover.

             Amount

             Currency

             Sending Institution

    Instruct your bank to wire the funds to the institution displayed on the screen.

    Click Print to print a copy of the page for your records.

    Canadian EFT initiated by IB

    Enter the following, then click Confirm:

             Amount

             Currency

    The deposit is submitted and no further action is required on the screen.

    Click Print to print a copy of the page for your records.

    There is a $20,000 limit on ACH deposits initiated at KW for customers without an KW security device. This limit applies to the first ACH deposit only. No additional ACH deposits will allowed without a security device. For details about KW security devices, see the Secure Login System page.

    Direct Rollover (IRA)

    Enter the following, then click Confirm:

             Transferring Custodian Account Number

             Broker, Trustee or Custodian Name

             Estimated Amount

             Transferring Custodian Broker or Trustee Mailing Address

    Print and sign the Transfer-In Authorization Form. Choose a transfer method (Check or Wire Transfer) and follow the instructions on the form to complete your direct rollover.

    Trustee-to-
    Trustee

    Print and fill out the IRA Transfer In Authorization form.

    Mail the form to Interactive Brokers at the address listed on the form.

  7. Click Close to complete the process or Transaction History to display the View Transaction History page.

    Click Print to print a copy of the page for your records. The following figures show examples of the pages that appear for a wire deposit.

 


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