You can deposit funds with your credit card, debit card or via bank transfer. Corporate account holders can only fund their account through bank transfer.
Your IG account details (such as your full name and address) need to match with your bank account details as we don’t accept third-party or business card funding.
How to deposit
Funding on desktop
To make a deposit funds on the desktop platform, log in to My IG, and click ‘add funds’ next to the account you’d like to fund.
Alternatively, you can open the relevant account’s web trading platform and click on the ‘add funds’ button at the top of the screen.
Another way you can make a deposit is by clicking on the ‘live accounts’ tab at the top of your My IG dashboard. You’ll then need to choose the relevant account from the dropdown, click on ‘deposit funds’ and select your preferred payment method.
iPhone
Open the app, click on ‘account’ at the bottom right, select the relevant account and click ‘add funds’ to choose your preferred payment method.
Android
Open the app, click on ‘account’ on the bottom-right corner of ths screen, select the relevant account and click ‘add funds’ to choose your preferred payment method.
Our standard FX conversion fee is 0.8%, which is added to the best available exchange rate provided by several banks. To add our FX conversion fee, we first multiply the underlying exchange rate by 1.008.
Example
Say you deposit $1000 from a USD denominated bank account into your spread betting account (which has a base currency of GBP), and the GBP/USD exchange rate is 1.3911.*
To add our FX conversion fee, we’d multiply the exchange rate by 1.008 resulting in a conversion rate of 1.4022.
After conversion, your account will be credited with $1000 / 1.4022 = £713.15
This is how to work out the FX conversion fee in GBP:
£713.15 x 0.8% = £5.70
* This example is for illustrative purposes only. It’s important to check the applicable costs and charges of any trade before opening it. The figures above might not add up to a given total due to rounding.
Payment methods
Credit or debit card
If you use this method, make sure that your card details match the name and address on your IG account. Any successful payments are deposited immediately.
You can have up to five active cards on your account at a time. If you’ve reached your limit but want to add a new card, you’ll need to first remove one of them. You might need to attach some documents to help us verify your card before you can delink it.
Bank transfer
If you’re transferring funds internationally, or your deposit needs an FX conversion, the standard processing time is one to three working days, depending on your bank. If you provide a valid proof of payment, we can credit your account in advance – but this is at our discretion.
To fund your account this way, select the relevant account from the live accounts tab in My IG and follow these steps:
Desktop:
- Click on ‘deposit funds’
- Select ‘bank’
- Choose the deposit currency
- Login to your online banking and copy the details needed for your transfer (the account name, sort code, account number, deposit reference, IBAN and BIC/Swift code)
- Complete your deposit by entering the details above into your bank’s payment form
Mobile:
- Navigate to the accounts tab (bottom right of the mobile app)
- Click on ‘add funds’
- Select ‘manual bank transfer’
- Select the currency you wish to deposit
- Login to your online banking app and copy the details required such as our account name, sort code, account number, your deposit reference (your 5-digit IG trading account number), IBAN, and BIC/Swift
For withdrawals, we usually return money to the same bank card you used to fund your account. We might need more information from you before processing a withdrawal request.
If you’re a professional client with segregated funds, contact us for the relevant banking details.
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