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Wire Funds

Please provide the following instructions to your financial institution to wire funds into your Firstrade account. Please be advised that in order for the funds to be properly credited to your account, you must provide your Firstrade Account Name(s) and Firstrade Account Number in your instructions. Third-party international wires are not accepted. Please convert your currency to US Dollars prior to sending the wire.

PLEASE PROVIDE THE SENDING INSTITUTION THE FOLLOWING INFORMATION:
Name of Bank Bank of New York
Bank Address #1 Wall Street, New York, NY 10286
ABA# 021000018
SWIFT Code (For international accounts only) IRVTUS3N
Account Name: Penson Financial Services, Inc.
Account Address: 1981 Marcus Avenue, Lake Success, NY 11042
Account#: 8661169975
Further Credit To:
(Your name exactly as it appears on your bank document)
Firstrade Account # XXX-XXXXX

*Important:

  1. Please convert to U.S. Dollars prior to wiring.
  2. Incoming third-party wires from non-U.S. banks will be rejected and returned.
  3. The wire must include your Firstrade account number and account name. If your account number and name are not on the wire, Penson Financial cannot accept the wire.

Fund Availability


Wired Funds

Funds are available immediately after receipt of the wire. (Wires may not be withdrawn for up to 30 calendar days.)


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Brokerage Products and Services offered by Firstrade Securities, Inc. - Member FINRA and SIPC.

Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. An investor should understand these and additional risks before trading. Carefully consider the investment objectives, risks, charges and expenses before investing. All investments involve risk and losses may exceed the principal invested. Past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Firstrade is a discount broker that provides self-directed investors with brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice.

Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure before you begin trading options.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. A mutual fund or ETF prospectus contains this and other information and can be obtained by emailing service@firstrade.com.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, and contains information on our lending policies, interest charges, and the risks associated with margin accounts.

*Online market and limit stock trades are $6.95 for stocks priced $1 and above. Add $0.005 per share on the entire order for stocks priced less than $1.00. Online option trades are $6.95 plus 75 cents per option contract. See our Pricing page for detailed pricing of all security types offered at Firstrade.

Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.

System response and access times may vary due to market conditions, system performance, and other factors.

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