Bill Pay lets IBKR Debit Card program participants pay bills without the hassle of writing checks or paying for postage, eliminates paperwork and facilitates the consistent execution of recurring payments. IBKR Bill Pay uses the secure ACH to electronically pay a merchant if the payee is included in our merchant directory. If a payee is not included within our merchant directory, we will issue and mail a paper check.
Use Bill Pay to pay almost any company or individual in the United States, for one-time or recurring payments and for scheduled future payments.
Bill Pay is complimentary to account holders maintaining a daily NAV of at least $200,000. Others pay a fee of $1.00 per check or $0.50 per ACH transaction.
As a part of the Integrated Investment Management package, you can borrow and spend against your IBKR assets.