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Bill Pay

The Bill Pay service allows users enrolled in the IBKR debit card program to schedule ACH and/or check payments to payees.

Who can access the Bill Pay page?

You can access this page if you are a(n):

• IBKR Debit Card user
• US resident with standalone or advisor/broker-managed individual, joint and trust account

Use Bill Pay to:

• View recent and scheduled payments on your home page.
• Use the search directory to find payees or add your payee manually.
• Add Payees.
• Manage Payees.
• Make payments.
• View payment activity.

Bill Pay Home

Use this portal to pay any bill or send a check to anyone from your debit card. From the home page, you can view your most recent payments and your scheduled payments.

Click Edit next to the Scheduled Payments section to update the information.

Search Directory

Use the Biller Name search field to find your payee or browse the list of payees available by letter.

Click Add your payee manually if you are unable to find your payee.

Add Payee

Before you can make a payment, you must first add a payee. To do this, select the Add Biller tab from the Bill Pay portal.

Search the directory to find your payees or add your payee manually. Billers not listed in the electronic directory will be sent a paper check.

Manage Payees

Use this tab to view, edit and delete the payee you added. The payee's name, account number, payment type, payment frequency and available actions will be displayed.

To Delete or Edit from your list of payees, click the buttons under the Action column.

Make Payment

To make a payment:

1. Select the checkbox next to the payee's name.



2. Enter the amount of the payment.
3. Enter the payment date.
4. Click Continue.



5. Review your information and confirm your payment.

Payment Activity

Use the payment activity tab to review your payment history by a selected date range. The following information will be displayed:

• Reference number (ref)
• Payee Name
• Payee Type
• Status
• Date
• Amount

Activity Status Reference:

• Not processed - A pending future payment that has yet to be processed

• Waiting to be printed – A paper check payment that has yet to be printed and mailed to the payee

• Error – A rejected payment, either paper or electronic

• Canceled before adjustment was made – A payment that was canceled immediately before funds were moved

• In Process - A payment that is queued up and in the process of moving funds from cardholder’s account to Galileo’s Bill Pay Account

• Processed – A payment that has been successfully funded and sent to a payee

• Reversal Processed - A payment that was made, but then canceled before the payee received or posted the payment

• Check Canceled - A paper check that was canceled before the check was printed/mailed.

Fees

IBKR clients are charged USD 1.00 for paper checks and USD 0.50 for electronic payment.

Bill Pay is complimentary for clients with balances of USD 200,000 and above.