# How to avoid fees on IBKR for withdrawing
**URL:** https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225
**Category:** Investing / Funding & Currency conversions
**Created:** [March 19, 2024, 4:30pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225 "2024-03-19T16:30:08Z")
**Posts on this page:** 14
**Page:** 2
### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [May 14, 2024, 9:26pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/21 "2024-05-14T21:26:31Z")
I think I have the cheapest package.
Maybe a cost will be applied at the end of the month. I will check it when month finishes
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### Author:  [@KK1](https://forum.mustachianpost.com/u/KK1)
#### Post date: [May 14, 2024, 10:36pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/22 "2024-05-14T22:36:15Z")
Did they refund you?
FYI, no fees applied by YUH
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### Author:  [@Giff](https://forum.mustachianpost.com/u/Giff)
#### Post date: [May 15, 2024, 8:19am UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/23 "2024-05-15T08:19:11Z")
I think I noticed that the fees vary per currency (I am only talking about IBKR fees, not the receiving banks - never paid anything with PF, Yuh, or DKB). Does that mean that if I withdraw twice in a month for two different currencies there won’t be any fees for both transactions?
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### Author:  [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [May 15, 2024, 10:13am UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/24 "2024-05-15T10:13:57Z")
> [@Giff](#):
>
> Does that mean that if I withdraw twice in a month for two different currencies there won’t be any fees for both transactions?
No. First withdrawal per month in any currency is free, the following ones not. EUR withdrawal costs 1 EUR, though.
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### Author:  [@Giff](https://forum.mustachianpost.com/u/Giff)
#### Post date: [May 15, 2024, 10:32am UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/25 "2024-05-15T10:32:43Z")
Thanks. Then if I need both CHF and EUR better do it in this order 🙂
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [May 15, 2024, 4:16pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/26 "2024-05-15T16:16:33Z")
No, you see it when less money arrives than was send- it is deducted and specified in the transaction.
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [May 15, 2024, 4:19pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/27 "2024-05-15T16:19:32Z")
That’s the point with UBS, it is an occasional mistake from them where this register the transfer as SHA, while IBKR sends it with OUR.
Until now my transfers had no costs, this is the first time it happened. Another transfer a week later to my Postfinance account also had no costs.
It’s UBS messing up.
* * *
Update:
Dear Mr. SwissMousse
Thank you for your message.
Regarding your withdrawal with ID XXX, there were some fees associated by UBS. We noticed that UBS was charging some fees to clients and this was escalated directly to our bank.
From now on, there should not be associated any fee.
We apologize for the inconveniences caused.
Kind regards,
IBKR Customer Service
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [May 22, 2024, 2:16pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/28 "2024-05-22T14:16:56Z")
By the way, IBKR’s bank for handling payments in CHF is… UBS. When they lean in, it might generate some more pressure than my questions to customer service…
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### Author:  [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)
#### Post date: [May 22, 2024, 9:08pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/29 "2024-05-22T21:08:09Z")
> [@SwissMousse](#):
>
> IBKR’s bank for handling payments in CHF is…
…Citibank (for deposits) and a [German bank (?)](https://www.reddit.com/r/SwissPersonalFinance/comments/1ak9u7k/comment/kpbs113/) for withdrawals.
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [May 23, 2024, 8:01am UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/30 "2024-05-23T08:01:15Z")
I believe you, but thatś not what they told me about this specific transfer. That came from UBS, according to the Swift transfer data. Maybe it is not a one step process, or I am reading it wrong.
Not that it matters much.
Edit: Double checked - for one of my two accounts, the IBKR account is Citibank Londen, for the other account it is UBS Zürich, also for deposits. No idea why, I might ask…
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### Author:  [@jay](https://forum.mustachianpost.com/u/jay)
#### Post date: [May 19, 2026, 6:35pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/32 "2026-05-19T18:35:05Z")
I’ve just noticed that IBKR now offers two free withdrawals per month.
> **[Other Fees | Interactive Brokers LLC](https://www.interactivebrokers.com/en/pricing/other-fees.php)**
>
> Fees for corporate actions, exercise and assignment, ADR/GDR, IRA, DTC transfers, high risk exposure, RSP and LEI fees.fees
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### Author:  [@PhilMongoose](https://forum.mustachianpost.com/u/PhilMongoose)
#### Post date: [May 19, 2026, 7:13pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/33 "2026-05-19T19:13:36Z")
wait, what? has IBKR always charged 10 Fr for transfers out. I had always thought this was 2 Fr.
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### Author:  [@covfefe](https://forum.mustachianpost.com/u/covfefe)
#### Post date: [May 19, 2026, 7:23pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/34 "2026-05-19T19:23:51Z")
first transfer out (per month) was free, second (onwards) was charged. IIRC I have seen the following in my statement a couple of years ago.
EUR transfer out costed 1 euro
CHF transfer out costed 12 CHF
You only get charged for the second transfer out (onwards)
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### Author:  [@PhilMongoose](https://forum.mustachianpost.com/u/PhilMongoose)
#### Post date: [May 19, 2026, 7:31pm UTC](https://forum.mustachianpost.com/t/how-to-avoid-fees-on-ibkr-for-withdrawing/12225/35 "2026-05-19T19:31:40Z")
OK. I remember GBP was quite a small number. I assumed CHF was around 2 CHF.
I’ll have to make sure I do CHF transfers before GBP ones!
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