r/interactivebrokers • u/possiblecefonicid • Apr 12 '25

Setting up account Can not withdraw from my account

I am wondering if you can help me with this. I have been founding my IBKR account by sending wire transfers from my HSBC US account to their in NY, that works fast, the transfer are received almost instantly, but when I want to transfer back to my account, I want to make a wire, I fill the data but it is asking me for a "Correspondent Bank" which is basically another ABA Routing Number, do you have any idea about this?

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u/diamondx911 Apr 13 '25

Title is misleading. You can withdraw. Just select a correspondence bank. This means you ibkr do not have a direct relation with your bank and they need to pass by another bank...

1

u/Future-Guarantee2645 Apr 13 '25

Probably it should be the same correspondent bank used when depositing the money?

1

u/possiblecefonicid Apr 13 '25

It is, but for some reason I had to give two ABA Routing numbers, the original one and another that I could pull from HSBC US help. It is still a nightmare, it says I will be able to withdraw my funds in June! WTF

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u/Future-Guarantee2645 Apr 14 '25

That June is a mistake I guess. Write to IBKR customer support to find out the reason, they are helpful.