Funding Your Firstrade Account

Firstrade Securities Inc.
133-25 37th Avenue
Flushing, NY 11354

* Note: For acceptable forms of deposit, please see our Check Depositing Guidelines below.



Wire Funds

Wire funds into your Firstrade account by giving your financial institution the following instructions:

Bank of New York
#1 Wall Street
New York, NY 10286
ABA#: 021000018
Account Name: Ridge Clearing
Account#: 8661169975
Further Credit To:
Firstrade Account Name(s)
Firstrade Account #

For International Wires use SWIFT Code: IRVTUS3N
(Please convert to U.S. Dollars prior to wiring.)

*Important: When wiring funds from your bank into your Firstrade account, the wire must include your Firstrade account number and account name. If your account number and name are not on the wire, Ridge Clearing cannot accept the wire.



Electronic Funds Transfer

The ACH Transfer System allows you to electronically transfer money from your bank account to your Firstrade account. With this service you can select to make periodic deposits into your account or transfer money on demand without a set transfer schedule. Just complete and return the ACH Authorization Form. Mail the ACH Authorization Form to:

Firstrade Securities Inc.
133-25 37th Avenue
Flushing, NY 11354

ACH Authorization Form

To initiate an ACH transfer, please click on the Deposit/Withdraw button from the My Accounts page.

Transfer an Account from another Financial Institution

It is now easier than ever to move your financial assets from another broker, bank, or mutual fund to Firstrade:

• Transfer to an existing Firstrade account:

  If you already have an account with Firstrade, use our Account Transfer Wizard to print and complete your Account Transfer Form, and send it by mail or fax to Firstrade along with a copy of your most recent monthly statement of the institution you are transferring from.

• Transfer to a new Firstrade account:

  If you would like to transfer your financial assets into a new Firstrade account, complete our Online Application. When asked how you wish to fund your account, select 'transfer an account from another institution'. Print, complete and mail or fax the required forms to Firstrade along with a copy of your most recent monthly statement of the institution you're transferring from.
  
  Note: To transfer assets from an individual account to a joint account, please complete and sign the Transfer Letter of Authorization. Joint accounts cannot be transferred to an individual account.

Launch the Online Account Transfer Wizard.
(or you may use the PDF Account Transfer Form.)

Firstrade Securities Inc.
133-25 37th Avenue
Flushing, NY 11354

The transfer process usually takes about 7 business days. We will notify you by email and message box when the transfer is complete.



Check Depositing Guidelines

If you are sending a check for deposit into your new or existing Firstrade brokerage account, please be sure to follow these guidelines:

• Make all checks payable to Firstrade Securities.
• All checks must be made payable in U.S. dollars and payable through a U.S. bank.

• Personal checks drawn from personal checking accounts titled exactly the same as the Firstrade account you are funding.
• Checks from joint checking accounts may be deposited into either checking account holders brokerage account.
• Checks from an individual checking account of either joint brokerage account holder may be deposited into that joint brokerage account.
• Bank, Teller, or Cashiers checks made payable to Firstrade Securities (as long as the remitters name is the same as that of the account title at Firstrade).
• Checks from investment club accounts should be drawn from a checking account in the name of the investment club. If a member of the investment club remits a personal check, the check must be payable to: "Firstrade Securities FBO [investment club name]."

• Third party checks drawn from a checking account other than the brokerage account holder(s) or made payable to the brokerage account holder and endorsed over to Firstrade Securities.
• Double-endorsed checks (checks with more than one signature on the back).
• Personal checks deposited into a corporate brokerage account and vice-versa.
• Any foreign instruments (checks, travelers checks, drafts, etc.).
• Stale-dated checks (over three months old).
• Checks which appear altered in any way.
• Coin or currency.

Unacceptable deposits cannot be credited to your account and will be returned.

Please Note: These are only guidelines; other situations may arise when a remittance is deemed acceptable or unacceptable.


Funds Availability

• ACH Transfers, Personal or Company Checks - First $5,000 available 2 business days after deposit with remaining balance over $5,000 available 4 business days after deposit. (ACH deposits may require one additional day. Deposits into new accounts and certain other deposits may not be withdrawn for up to 60 calendar days. Deposits for $100,000 or more require additional time before becoming available for trading or withdrawal.)
• Bank, Teller, Cashiers & Certified Checks - Funds are available one business day after deposit.
• Wired Funds - Funds are available immediately after receipt of the wire. (Wires may not be withdrawn for up to 30 calendar days.)

Please note: Other factors may determine when funds become available for withdrawal.