|
|
|
|
|
Funding Instructions |
To Fund your TradePortal account by Wire:
JP Morgan Chase Manhattan Bank, NYC (4 New York Plaza, NY, NY 10004 888-382-2721)
ABA 021000021
F/A Penson Financial Services
ACCT #066-6-00030
FFC: Customer Acct # & Customer Name
Wires are not received into Penson until late afternoon CST.
(Foreign wires will be accepted if they are in US funds) |
To Fund by Personal Check:
1. Please make your check payable to Penson Financial Services
2. Please include your account number on your check
3. The name on the check must match the name on the account.
4. Please send checks to:
TradePortal Securities
11 Orchard Road, Ste 109
Lake Forest, CA 92630
Please Note: Only personal and business checks will be accepted. We cannot accept third party checks, temporary checks, money orders or cashiers checks.
All checks in the amount of $20,000 or greater must be verified with the bank where the funds will be drawn. If the bank will not verify funds, they will be held for 10 days in a cash account and will not be available for trading until the funds have cleared. Upon verification, funds may be used for trading, but cannot be withdrawn for 10 days until the check clears. |
To Fund by ACH:
To fund your account by ACH it is necessary to complete a PenFlex account agreement. This agreement entitles the account for check writing privileges. To apply for check writing privileges please complete the form below and fax it back to us along with a copy of a voided check to 949-450-0499.
https://online.penson.com/(ggwhgh55piu4xw55ecusftnh)/CorrespondentDocuments/NewAcctsForms/PenFlex%20Account%20Application.pdf
Please Note: ACH deposits must be drawn from an account with the same account holder name as the TradePortal Account. The ACH process can 24 - 48 hours to complete.
Minimum Deposits
All accounts must meet the following minimum equity requirements upon opening
* $2,000 for cash accounts
* $5,000 for standard margin accounts
* $30,000 for day trading margin accounts | |
|
|
|
|
|
|
|