Account Funding
Funding Methods
Accounts may be funded by wire transfer, check, stock certificate or account transfer. Money orders, third party checks, credit card checks, home equity line checks and starter checks are not accepted. Funds must accompany your account application. When making deposits into your IRA, please include the IRA Deposit Slip.
Checks
Make all checks payable to: Penson Financial Services, Inc.
- When mailing checks and or account paperwork, contact your financial professional for instructions.
- All checks including certified and cashier's checks require a minimum of 10 business days to become available for investing.
- Cashier's Checks must have the remitter's name electronically printed directly on the check by the issuing bank.
Automatic Investment Plans
Automatic Investments (ACH) systematically invests in a money market, mutual fund, or for the purchase of securities in your brokerage account.
Wire Transfer
Wires must be sent to same-titled accounts. No third party wires may be processed.
Domestic:
JP Morgan Chase Bank
ABA 021000021
F/A Penson Financial Services
ACCT #066-6-00030
FFC: Customer Acct # & Customer Name
International (USD):
Chase Manhattan Bank, NYC
Swift # CHASUS33
FAO Penson Financial Services
ACCT 066600030
FFC: Customer Acct # & Customer Name
Stock Certificate
To endorse stock certificates over to Regal Securities:
- On the back of the stock certificate, enter Penson Financial Services, Inc. as the attorney to transfer the stock.
- Each person registered on the stock certificate must sign the back exactly as printed on the front, including initials, suffix, etc.
- Date the certificate.
If you have any questions regarding stock certificates, please call the office of your financial representative.
Account Transfers
Full automated customer account transfers (ACAT), will typically take 7 to 10 business days. A non-ACAT (partial transfer) or manual transfer may take up to 3 weeks to complete.