facebookW-8BEN form submission on Interactive Brokers - does "updating" the form mean the submission is complete and accepted? - Seedly

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Anonymous

03 Aug 2020

General Investing

W-8BEN form submission on Interactive Brokers - does "updating" the form mean the submission is complete and accepted?

Hi, I just opened an Interactive Brokers account and "updated" the W-8BEN form by following the instructions on their FAQ. But I'm a bit confused because there doesn't seem to be any kind of feedback.

When I created an FSMOne account, I sent the completed form by e-mail and they replied "We have received your W-8Ben declaration... Your account is now ready for US Stocks and ETFs trading."

For IBKR, can I straight away start buying US stocks after I've "updated" W-8BEN form? Thanks!

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Nicholas Beh

03 Aug 2020

Student Ambassador 2020/21 at Seedly

Yes. IBKR uses an electronic version of the form which updates automatically on their end.

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