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In order to request your funds,
you need to print the
appropriate form, fill it out,
then sign and FAX it to us along
with a photo ID. Our fax #
1-845-622-4878 or you can scan
and email it to info@stockusa.com.
Withdrawing Funds:
Stock USA Execution Services gives you access to your funds through the Funds Request forms whether you're requesting a check or wire transfer. The amount you may request is based upon your available cash or available cash given any open orders as shown in your portfolio. Current open orders can affect how much you are allowed to request. Upon entering a request, your available cash will be debited for the amount of the fund request. New funds deposited by check or wire will only be available for withdrawal 10 business days after the date of deposit.
Cut-off Time: The cut-off time for funds requests to be completed the same day is
2:00 PM EST
Checks:
Checks requested will only be made payable to the account holder(s) and mailed to the address of record.
Overnight Fee: Your account will be debited $20.00, if you choose the overnight delivery option. The overnight delivery option is only available for check requests. Overnight delivery cannot be made to P.O. boxes or overseas.
Wires:
Please Note: Our clearing firm will only wire to the exact same name as you have listed on your brokerage account with our firm. Wires to third parties are not permitted. If we cannot confirm this information at the receiving institution, your wire request may be delayed or rejected.
Wiring to Another Broker: If you are wiring to another brokerage firm, under "Beneficiary Bank Account Title" you would put either that firm's name or their clearing firm's name, depending on their wiring instructions, and their bank account number. Then, you would put FFC (for further credit) to your name and account number with that other firm.
If you are wiring directly to a
bank account in your name, then
there is no FFC necessary.
Wire Fee: Your account will be debited $25.00 for domestic wires or $50.00 for international wires.
Methods of Requesting Funds
From Your Account
Funds requests must be received
in writing by either fax or
regular mail.
You may print this form and fax
or mail your request to the
following:
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Mail: |
1717 Route 6, Suite 101
Carmel, NY 10512 |
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Fax #: |
1-845-622-4878 |
In order for your written fund
request to be processed, it must
be authorized on the appropriate
form with a signature
of the account holder(s). Fund
requests will not be accepted
via phone or e-mail.
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