Funding and Banking

Incoming Funds

ACH - Incoming Electronic Banking Transfers

Electronically transfer funds to and from your checking account. ACH transfers typically post to your account within 1 business day and are available for no charge. There is a limit of $50,000 per day for all ACH transfers.

To get started, download and complete ACH Authorization Form.
Email to: newaccounts@optionsroute.com
800-670-0692 fax
OptionsRoute
New Accounts Processing
Reference Your Account #
Include ACH Authorization Form and Cancelled Check


* The minimum amount for ACH transfer is $100, incoming or outgoing.
* ACH Relationships cannot be established for UTMA/UGMA accounts.
* We hold all initial ACH transfers for an additional 5 business days.
* In the event that an ACH is reversed by NACHA, a $25 fee will be charged and the account will be asked to send funds via an alternate method (wire, cashier's check, or certified funds). Funds from ACH deposits cannot be withdrawn for a period of 5 business days due to our clearing firm's policy.

Wire Transfers

All wired funds are to be sent as follows:

   BMO Harris Bank

   111 W Monroe St

   Chicago, IL 60603

   ABA: 071000288

   SWIFT: HATRUS44

   APEX Clearing

   Acct 3713286

   FFC Customer Name and Account Number

 

* Typically the fastest method of funding your account. Wire transfers are usually received the same day that they are sent by your financial institution and will post to your account the day after they are received. * Funds will be returned if the funds are deemed Third Party (defined as any account other than one of the same name as the account title of your account) or if the account is not opened. * Incoming funds can only be sent in U.S. Dollars (USD$). We do not accept foreign currencies.

Check Deposits

All checks are to be sent as follows:

Apex Clearing Corporation - C/O BPO
Attn: Treasury Department
2 Gateway Ctr, 16th Floor, 283-299 Market St
Newark, NJ 07102-5005
Reference Account # in Memo Field

Checks must be made payable to: Apex Clearing Corporation
Checks require 5 business days for check clearance and processing.
Checks made payable to OptionsRoute WILL NOT BE ACCEPTED.

Important Note:

The firm is unable to accept the following funding types:
Any funding not made payable to Apex Clearing Corporation
Third Party Wires and Checks(defined as any account other than one of the same name as the account title held at OptionsRoute )
Traveler’s Checks, Credit card checks
Checks drawn against lines of credit or lines of equity
Cash, Money Orders, Temporary Checks, Unsigned checks
Cashier’s checks/Official checks for deposit to foreign accounts
Preprinted expiration dates on checks
Funds for accounts that have not been opened
IRA Funding not accompanied with an IRA Deposit Slip


Unverified Funds:


Checks may be subject to a 10 business day hold before funds are released for trading if the firm is unable to verify the funds with your financial institution. Foreign Accounts: Apex’s policy requires that any check or ACH deposits into international accounts must remain in the account 30 days before any withdrawal may take place. Additionally, Apex will not accept cashiers checks for international accounts. Any items drawn in foreign currencies or against a foreign bank will be sent for collection. The customer will not be credited for deposit until the bank has collected the funds from the foreign institution and covers Apex for the item converted into USD funds. Penalties for Returned Check Deposits - In the event that a check is returned unpaid from the paying bank, a $25 fee will be charged and the account will be asked to send funds in an alternate method (wire, cashier's check, or certified funds).

DTC

A method of transferring cash positions (fully paid-for stocks) from your existing brokerage firm to your account. These transfers typically take 3-5 business days and cannot be used if you are closing your other account.

All DTC securities are to be sent as follows:

DTC Number: 0158
Clearing Firm: Apex Clearing Corporation
Account Number: Client Acct #
Account Name: Client Name
Securities Symbol:

Securities DWAC

All client depositing stock via DWAC must have at least $1,000 in their account prior to initiating a DWAC. Only US clients can DWAC OTCBB or PinkSheets.
* Only stocks trading above $0.10 per share will be accepted for deposit.
You will be required to fill out a DSR Questionnaire when depositing OTC-BB or Pink Sheet.
You will also need to provide supporting documentation proving how you obtained the securities.

DSR Questionnaire Required when DWACing OTC-BB or Pink Sheet.
Corporate Resolution over 1 million Required when depositing over 1 million shares. Completed by issuing company.

Mail, fax or email all documents to:
newaccounts@optionsroute.com
800-670-0692 fax
OptionsRoute
New Accounts Processing
Reference Your Account #
Include Requested Documents

Automated Customer Account Transfer (ACAT)

Typically used to transfer an entire account (including cash and securities) from another broker to your new account. Please sign and complete the ACAT form and return it to us with your new account paperwork. Make sure to include a copy of your most recent monthly statement from the transferring broker. You may also fax us a copy of the form so we can initiate your transfer, but we must still receive the original copy. (ACAT transfers take approximately 7 business days).

Click here for an ACAT Form.

Mail, fax or email all documents to:
newaccounts@optionsroute.com
800-670-0692 fax
OptionsRoute
New Accounts Processing
Reference Your Account #
Include Requested Documents

Stock Certificates

All clients depositing stock certificates must have at least $1,000 in their account prior to sending a certificate to OptionsRoute. Only US clients can deposit OTCBB or PinkSheets.
You will be required to fill out a DSR Questionnaire when depositing OTC-BB, Pink Sheet or unregistered physical stock certificates.
*Only stocks trading above $1 per share will be accepted for deposit.
You will also need to provide supporting documentation proving how you obtained the securities.

DSR Questionnaire Required when depositing OTC-BB, Pink Sheet or unregistered physical stock certificates.
Corporate Resolution over 1 million Required when depositing a certificate over 1 million shares. Completed by issuing company.
Corporate Resolution 1 Signer Required when depositing a certificate signed by only 1 officer of the issuer. Completed by issuing company.
Stock Power

Mail all documents to:
newaccounts@optionsroute.com
800-670-0692 fax
OptionsRoute
New Accounts Processing
Reference Your Account #
Include Requested Documents

Outgoing Funds

Outgoing ACH Transfers

Electronically transfer funds to and from your checking account.
ACH transfers typically take 24-48 hours to process and are available for no charge.
There is a limit of $50,000 per day for all incoming ACH transfers.

To get started, download and complete the ACH Authorization Form.

Send by fax or email to:
newaccounts@optionsroute.com
800-670-0692 fax
OptionsRoute
New Accounts Processing
Reference Your Account #
Include ACH Authorization Form and Cancelled Check

* The minimum amount for ACH transfer is $100, incoming or outgoing.
* ACH Relationships cannot be established for UTMA/UGMA accounts.
* We hold all initial ACH transfers for an additional 5 business days.
* In the event that an ACH is reversed by NACHA, a $25 fee will be charged and the account will be asked to send funds via an alternate method (wire, cashier's check, or certified funds). Funds from ACH deposits cannot be withdrawn for a period of 5 business days due to our clearing firm's policy.

Outgoing Wire Transfers

All wired funds are to be sent as follows:

   BMO Harris Bank

   111 W Monroe St

   Chicago, IL 60603

   ABA: 071000288

   SWIFT: HATRUS44

   APEX Clearing

   Acct 3713286

   FFC Customer Name and Account Number

* Typically the fastest method of funding your account. Wire transfers are usually received the same day that they are sent by your financial institution and will post to your account the day after they are received. * Funds will be returned if the funds are deemed Third Party (defined as any account other than one of the same name as the account title of your account) or if the account is not opened. * Incoming funds can only be sent in U.S. Dollars (USD$). We do not accept foreign currencies.

Outgoing Check Request

Checks can be requested for delivery to the account holders address on record.


Terms of Commission Free Options Trading
* Commission free trading refers to $0 for No commission ticket charges on self-directed brokerage accounts that trade U.S. listed options.
Per Contract Fees starting @ .65 cents per contract and lower with volume.
* OCC, ORF, Regulatory and Exchange Fees are debited to customer account.
* SPX, VIX, RUT, NDX, DJX, NDX, OEX, and XEO CBOE Proprietary Exchange fees are debited to customer account.
* Click for Exchange, Routing, and Regulatory Fees.
* We reserve the right to debit your account for any venue, routing, or exchange fees without prior notice.
* Available for New Accounts and Incoming New Account Transfers.
* Individual, Entity (Corporate, LLC), and IRA Accounts are Eligible.

Terms of Use Disclaimer
Market Research, Options Tools and Opinions are Provided by Third Party Independent Providers.
Any opinion, recommendation or alert of any independent third-party provider is the sole opinion of the publisher and does not express the opinion of OptionsRoute. If you subscribe to and effect trades of any provider, you are choosing to do so at your own risk and discretion. OptionsRoute does not provide any financial or investment advice. OptionsRoute does not recommend or endorse any investment instruments or trading strategy. The material on this website is provided for informational and educational purposes only and shall not in any manner be considered a recommendation or endorsement of any strategy or investment. Any investment decision and/or strategy that you make or utilize, whether or not such decision or strategy derives from or relies upon material accessed or provided through this website, is done so at your sole discretion and your own risk. Before making any investment decisions, please consult additional sources of information and/or your legal or tax advisor.


OptionsRoute® is a Division of ViewTrade Securities, Members FINRA and SIPCFINRA Brokercheck for Viewtrade Securities. As a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org. Our Clearing firm has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2.15 million. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. You should therefore consider whether such trading is suitable for you in light of your financial resources and circumstances.  * Commission rates are negotiated. You may qualify for rates shown based on your activity. Other fees and conditions may apply, please see our commissions and routing fees.


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