Interactive Broker (IB) says: IB allows one free withdrawal request every 30 days. $1 for any subsequent ACH/EFT withdrawal after the first withdrawal (of any kind). My question is if I withdraw on the 1st of a 30-day month then the next earliest would be the 2nd of the following month, or if I withdraw on the 15th of the same month then the next would be the 16th of the following month, or if I withdraw on the 29th then the next would be the 30th of the following month, and so on. Is this assumption correct?
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Senior Member - 4K
posted: Sep. 8, 2016 @ 9:47a
If you're wrong, it costs you $1? It's not worth the time posting here, let alone hassling IB about this. Do it the way you want and if you get dinged for $1 for a "every 1st of the month" schedule, feel free to let us know.
posted: Sep. 8, 2016 @ 10:10a
testing it out (with the cheap ACH) seems to be the easiest way to know for sure. My assumption would have been opposite of OP's, I would assume a calendar month (along with how the (in)Activity Fee is assessed).
$1 is irrelevant to me too. I could see it of being minor interest if someone wanted to use the "free" transfer on a wire. Then, it's a few more $ than $1.
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