Electronic Funds Transfers

“ACH”: A quick, convenient and secure way to transfer money electronically

If you’re looking for a simple and economical way to transfer money into or out your brokerage and/or bank accounts, you should consider establishing an ACH profile. Unlike other methods of transferring funds, "ACH" (Automated Clearing House) transactions are free of charge* to you and offer many additional benefits:

• Paper checks are eliminated:
  
  
  • Stop payments, requests for replacement checks, delays in receiving checks by mail and the extensive check clearing time process are avoided
    
    
  Money transfers are processed faster:
  
  
  • Funds due to or from you for securities sales or purchases can be sent immediately
    
    
  No more wire transfer fees:
  
  
  • You’ll save money and avoid the hassle of having to provide special instructions and/or letters of authorization
    
    
  Fraudulent transactions are avoided:
  
  
  • Since two financial institutions are involved (your brokerage firm and your bank), the audit trail is more effective than for checks and forged signatures are eliminated.
    
    
• More choices in how and when to transfer funds:
  
  
  • You can create a profile that lets you decide the frequency and amount of funds transfers into or out of your account
    
    Saving and investing are easier when you create a schedule of periodic deposits to your brokerage accounts and have the funds automatically withdrawn from your bank account.
    
    
  • If you rely on regular distributions, you’ll have the assurance that your funds will be in your bank account on the due date

*ACH returns (due to NSF or other conditions) may be assessed a fee.

ACH Profile Options Available to You

You have many choices in establishing your profile, which identifies the type of ACH transactions allowed between your brokerage account and external bank account(s).

These options include:

ACH "On Demand" Authorizing a debit to the brokerage account on demand Authorizing a credit to the brokerage account on demand

Income Driven ACH Automatically remitting dividend and interest payments

Trade Related ACH Automatically disbursing securities sale proceeds Automatically "pulling in funds" to pay for securities purchases

Periodic Receipts and Payments Automatically "pulling in funds" according to a schedule specified by you Automatically disbursing funds according to a schedule specified by you

Click here to complete an ACH Authorization form that your broker can use to establish a profile for your account.