Personal Finance

Interactive Brokers withdrawal fees - UK guide

Emma-Jane Stogdon

02.01.26

Read time 3 minutes

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in. Tax treatment depends on your individual circumstances and may be subject to future change. The content of this article is provided for informational purposes only and is not intended to be, nor does it constitute, any form of personal advice.

Investments in a currency other than GBP are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in GBP terms. You could lose money in GBP even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

Have investments with Interactive Brokers, but now need to access your money? You’ll need to know how to withdraw money from the popular investment platform and crucially - how much it costs.

We’re here to help, with a handy guide to Interactive Brokers withdrawal fees for UK investors.

We’ll also show you how to minimise or avoid foreign exchange fees when investing in global stocks, using a multi-currency solution such as Wise.

➡️ Learn more about the Wise account

Does Interactive Brokers charge a withdrawal fee?

Yes, Interactive Brokers does have a withdrawal fee. However, you’ll get one free withdrawal request each month - and the fee only applies after that.¹

The fee varies depending on the denomination of the currency you’re withdrawing and the withdrawal method you choose. We’ll look at this in detail next.

Interactive Brokers withdrawal fees

The fee for withdrawing money from Interactive Brokers varies considerably depending on the currency.

You can check the platform’s website for full details, but here are fees for a number of major currencies, so you know what to expect:²

Currency	Withdrawal fee
US dollars (USD)	10 USD
Canadian dollars (CAD)	12 CAD
Swiss francs (CHF)	11 CHF
Euros (EUR)	8 EUR
British pounds (GBP)	7 GBP
Australian dollars (AUD)	15 AUD
Japanese yen (JPY)	1,600 JPY
New Zealand dollars (NZD)	15 NZD
Singapore dollars (SGD)	15 SGD
United Arab Dirham (AED)	18 AED
Polish zloty (PLN)	40 PLN

For some currencies, different fees may apply for withdrawal methods such as BACS, GIRO, ACH or SEPA (not available for all currencies).

But for users in the UK, the most likely method is bank transfer - and these fees are listed above.

How to withdraw your money from Interactive Brokers - step-by-step

If you’re happy with the withdrawal fees, here’s how to withdraw your money from the Interactive Brokers platform:¹

Log into your Interactive Brokers account and go to the Client Portal
Select ‘Transfer & Pay’
Select ‘Transfer Funds’ and then ‘Withdraw Funds’
Select an instruction from the ‘Saved Withdrawal Information’ section, or choose the currency from the currency list to see eligible methods
Select ‘Use this Method’ next to your chosen method
Follow the on-screen instructions and confirm your request.

📚 Read: Interactive Brokers review: features and fees

Save on currency conversion when withdrawing from overseas investment platforms

If your investments or RSUs are held in an overseas investment or equity compensation platform, you may get an unpleasant surprise when you come to withdraw money or transfer shares.

You might find that a sizable chunk has been lost to currency conversion fees and poor exchange rates. For example, this can happen when sending or transferring proceeds in USD to a UK account denominated in GBP. If you’re withdrawing or transferring a lot of money, it could add up to hundreds of pounds.

Luckily, there’s a way to shrink these currency conversion costs right down.

Open a Wise account and you can receive money in other currencies for free by turning on local account details (restrictions apply).

For example, you’ll get access to US Dollar account details (i.e. account number and BIC) so that you can receive USD without conversion fees, it also means you can get paid directly in dollars even if you are in the UK.

Once you have all your dollars in Wise, you’ll then have control over the currency conversion. You can convert your money to GBP within your Wise account at the mid-market exchange rate, for low, transparent fees*.

You can do this instantly or hang onto the USD to use your Wise account for other US-based investments when the time is right. It’s completely up to you.

You can set up exchange rate alerts so that you can wait for the time and the rate that suits you.

💹 Set up rate alerts

Use your local account details with Wise to withdraw money from Interactive Brokers - directly in that currency.

To convert currencies within Wise, you’re guaranteed the mid-market exchange rate and fees are transparent and low, starting from just 0.33%*. This gives you more control over FX, and could end up saving you money.

➡️ Learn more about the Wise account

Sources used:

1. Interactive Brokers - steps to withdraw and number of free withdrawal requests a month
2. Interactive Brokers - withdrawal fees

Sources last checked: 16-Dec-2025

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.