Deposits and Transfers FAQs



  • How do I fund my Account?

    There are 4 ways to fund your account.

    1. Wire Transfer

    This is the fastest way to fund your account and begin trading. Once the funds have been deposited into your brokerage account, you can place your first trade. Depending on how quickly your bank initiates the wire, this method can take a few hours to one business day. To send funds via Bank Fed Wire to TradeKing, please provide the information below to your bank.

    Wiring Instructions

    ABA 071000288
    SWIFT HATRUS44
    Bank BMO Harris Bank
    111 W. Monroe St
    Chicago, Illnois 60603
    Credit Account # 3713302
    Credit Account name Apex Clearing Corp
    One Dallas Center
    350 N. St Paul
    Suite 1300
    Dallas, TX 75201
    Further Credit to account # (Your TradeKing Account Number)
    Further Credit to (Legal name of TradeKing Account)

    TradeKing does not allow incoming or outgoing Third Party wires
    Download the Wire Transfer form here

    2. Mail us a check

    This is next in line as far as speed is concerned. If you mail us a cashier's or bank check you can trade as soon as we receive and verify the check with your bank. Important things to remember if you are mailing a cashiers or bank check;
    • Please instruct your bank to make the cashier's or bank check payable to TradeKing.
    • Make sure the bank prints your name as the REMITTER on the check.
    • The TradeKing account name and registration must match the name of the bank account the check is drawn off of.

    Things to remember if mailing us a personal check
    • Make all checks payable to TradeKing.
    • They take 3 business days to clear.
    • TradeKing does not accept starter checks, money orders or credit card checks.
    • IRA Accounts - When mailing a check deposit for your IRA please specify the tax year for the contribution on the memo line of the check. If this is a rollover contribution to an IRA please indicate as such on the check.

    Regular Mail:
    TRADEKING
    P.O. Box 49050
    Charlotte, NC 28277-3432

    Overnight Deliveries:
    TRADEKING
    11605 N Community House Rd
    Third Floor
    Charlotte, NC 28277

    Download the Check Deposit Ticket here.

    3. Account Transfer from another broker

    If you are transferring from another broker or mutual fund company, use the Account Transfer Form to initiate this process. It generally takes 5-7 business days from when we receive the paperwork, assuming everything is in good order. If you have questions on how to complete this form, please call us at 877-495-5464 or contact us via the "live help" link at the top of this page.

    Download the Account Transfer form here:

    4. ACH

    This links your bank account to your brokerage account. Long term this is a good way to move funds in and out of your TRADEKING account. When initially funding your account however, ACH may not be the fastest method due to the time it takes to process your ACH Application and the 3 business day clearing period on ACH deposits. If you want to place a trade as soon as possible, please consider sending a wire to fund your account.

    You can setup ACH once your account is open by going to the "Transfer Money" tab located under the "Services" menu. Please click on "Set up ACH profile" on the left and follow the instructions on the page.
  • I deposited funds. How soon can I start trading?

    You can begin trading in your TradeKing account as soon as the funds are clear.
    • Bank Fed Wires — Clear to trade the same day we receive it.
    • Bank and Cashiers Checks — Clear to trade the day we receive it, as long as we can verify the check number and amount with the Bank it's drawn from.
    • Personal Checks — Clear to trade 3 business days from when the check is deposited.
    • ACH — Clear to trade 3 business days from when the funds are deposited.

    Other circumstances may apply. Please read the Funds Availability disclosure for additional information.
  • How do I wire funds?

    To send funds via Bank Fed Wire to TradeKing, please provide the information below to your bank.
     
    BMO Harris Bank
    ABA 071000288
    SWIFT HATRUS44
    APEX Clearing Corp
    Account 3713302
    For further credit to your Name
    Your Eight Digit TradeKing Account number
     
    Additional information:
    BMO Harris Bank
    111 W. Monroe St.
    Chicago, Illinois 60603

     
    Download Wire Transfer form now:
     
    3 Easy Steps:
    1. Print
    2. Fill out your information
    3. Fax to your Bank or Financial Institution
     

    Domestic Wires Out

    Send a signed fax to us at 866.699.0563 or 704.547.2205 with the following instructions:
     
    •  Bank Name
    •  ABA routing number (9 digits)
    •  Name on your bank account
    •  Your bank account number
    •  Amount to be wired
     
    TradeKing does not allow Incoming or Outgoing Third Party Wires.

    IMPORTANT: To expedite your request to wire out funds, put the words "wire request" in the email subject line.
  • How do I transfer an account from another broker?

    You can fund your TradeKing account by transferring assets from another brokerage firm.
     
    In order to do that, you need to submit an asset transfer request form ("ACAT" form). The "ACAT" form is available on our site in the APPS + FORMS section. You can reach that page by placing your mouse on the SERVICES tab (without clicking on it), and then choosing the APPS + FORMS option on the drop down menu.
     
    Together with that form, you need to submit a recent statement of the account that you want to transfer in. You can submit the documents via fax (866.699.0563), or you can scan them and attach them to an e-mail sent to [email protected] You can also send them via regular mail.
     
    Account transfers normally complete in 5 to 7 business days. Also, it is necessary that the account at the other broker and the account at TradeKing are of the same kind (i.e. individual, or joint, or IRA, etc.).
     
    Click here to download an ACAT form.
     
    Please note that after an account transfer has been processed, it can happen that some assets have remained in the account at the carrying firm. This is quite common, for example, with interests that were not yet in the account at the carrying firm when the transfer completed. For this purpose, our clearing firm performs automatic residual sweeps every 2 weeks to transfer what might have not transferred the first time around.
     
    We do not charge for incoming ACAT transfers. Incoming DRS and DWAC transfers are subject to a $30 transfer fee per position and up to a $150 transfer agent fee per position.
  • What are DRS and DWAC transfers?

    A DRS transfer provides registered owners with the option of holding their assets on the books and records of the transfer agent in book-entry form. This method of transferring securities is done electronically.
     
    A DWAC transfer is another type of electronic transfer. DWAC stands for Deposit / Withdrawal at Custodian and allows transfers to be done directly with the issuer's transfer agent.
  • How do I deposit stock certificates?

    To deposit stock certificates in your TradeKing account, please complete a stock power form and submit along with the stock certificate. There is no need to sign the back of the stock certificate. For your security, we recommend sending certificates by overnight delivery or with a return receipt requested.

    Overnight Deliveries:
    TRADEKING
    11605 N Community House Road
    Third Floor
    Charlotte, NC 28277

    Regular Mail:
    TRADEKING
    P.O. Box 49050
    Charlotte, NC 28277-3432

    Stock certificates may not be used for an initial deposit for a new account. All stock certificates must be in negotiable form. The stock certificate must be titled the same as your TradeKing account. TradeKing reserves the right to return any stock certificate if it is determined to be non-negotiable. For this reason please do not sign the back of the certificate. Stock certificates incur a $300 processing charge per certificate. Please include a personal or bank check made payable to TradeKing along with each certificate for processing.

  • How long will it take for my personal check to clear?

    Personal checks take 3 business days to clear for trading from the day of posting.
     
    Cashier checks are available for trading as soon as they are received and posted.
     
    Money orders and starter checks cannot be accepted.
     
    The name on the check must match the registration on the TradeKing account. TradeKing does not accept third party deposits (i.e. checks payable to TradeKing from non-account holders or checks where a recipient makes an endorsement over to TradeKing).
     
    Mail your deposits to:
     
    Regular Mail:
    TRADEKING
    P.O. Box 49050 Charlotte, NC 28277-3432
     
    Overnight Deliveries :
    TRADEKING
    11605 N Community House Rd
    Third Floor
    Charlotte, NC 28277
  • Do you offer ACH electronic transfer?

    Yes, one option to fund an account is to set up an "ACH" profile. ACH stands for Automated Clearing House. It is a tool to link your bank account to your TradeKing account, and transfer money back and forth at no cost. You can set up the profile online under My Accounts > Transfer Funds. You will then be prompted to enter your bank information. Most banks can be immediately verified online. We may ask that you submit a copy of a government issued ID and voided check or bank statement if we are unable to electronically verify your banking information. If additional documentation is required to activate your ACH profile the setup time involved is typically 2-3 business days from the day we receive your documentation.

    ACH transfers are limited to a maximum of $30,000. ACH deposits are subject to a hold of 3 business days before being cleared for trading. Unfortunately, ACH is not offered on Custodial or Coverdell ESA accounts.

  • How do I request a check?

    To request a check drawn on your account, navigate to My Accounts > Transfer Funds. Click on "By Check" and then “Withdrawal”, and then enter the amount of money you would like to withdraw. Click Next and then Submit. The maximum check request that can be made online is $10,000. If you would like to request a larger amount, please contact us via phone at 877-495-5464.

    IRA Accounts: In order to request funds from an Individual Retirement Account, you must complete an IRA Distribution form. This form is found by navigating to Client Services > Forms > All Forms.

    Please note: all requests to withdraw funds are subject to TradeKing’s funds availability policies and industry settlement times. For more information please click here.

  • How do I transfer funds between accounts?

    A signed journal request form is required in order to transfer funds between TradeKing accounts. If the transfer will result in a loss of ownership (e.g. a transfer from a joint account to an individual account or vice versa), the journal request form must be notarized and the original form mailed to TradeKing.

    Click here to download an LOA form.
  • What is TradeKing's DTC number?

    TradeKing's DTC number is 0158.
     
    DTC number is used to transfer individual stock positions from broker to broker.
     
    DTC transfers normally take 2-3 business days to process.

    Some penny stocks which trade on the over the counter bulletin board and pink sheets may not be accepted by our clearing firm APEX Clearing Corp when requesting a transfer into TradeKing. Please contact customer service if you have any questions about transferring in a security.
  • I deposited funds. How soon can I withdraw them?

    Check deposits are held in the account for ten (10) business days before they can be withdrawn via check or ACH. Check deposits are held for thirty (30) business days if the withdraw is via fed wire.

    ACH deposits are held in the account for ten (10) business days before they can be withdrawn.

    Wire deposits are held in the account for ten (10) business days before they can be withdrawn.

    Other restrictions may apply. Please read the Funds Availability disclosure for more details.