Fund Your Account
Incoming Funds
To fund your SpeedTrader account via wire transfer, please wire funds to our clearing firm, AXOS Clearing:
Bank Name: BMO Harris Bank
Bank Address: 111 West Monroe Street, Chicago, Illinois 60690
ABA Routing Number: 071000288
International SWIFT Code: HATRUS44 (for International Wire Transfers Only)
Bank Account Number: 3174109
Bank Account Name: AXOS Clearing LLC
Recipient Address: 15950 West Dodge Road, Suite 300, Omaha, NE 68118
For Further Credit To: [Your SpeedTrader Account Number] [Your SpeedTrader Account Name]
* Please be advised that wire transfers may take up to 24 hours to post for domestic wires and up to 48 hours to post for overseas wires. Wired funds are available immediately after being posted to your account.
* 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 held at SpeedTrader) or if the account is not opened.
* Incoming funds can only be sent in U.S. Dollars (USD$). We do not accept foreign currencies.
ACH
Electronically transfer funds to and from your checking. 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 ACH transfers.
To get started, log in: SpeedTrader Portal
Once logged in, please follow the ACH instructions there.
* 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 3 business days.
* In the event that an ACH is reversed by NACHA, a $40 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 Funds from ACH deposits cannot be withdrawn for a period of 5 business days due to our clearing firm’s policy.
ACAT
Automated Customer Account Transfer (ACAT) is typically used to transfer an entire account (including cash and securities) from another broker to your SpeedTrader trading 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 will also need to provide supporting documentation proving how you obtained the securities. 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).
Mail, fax or email all documents to:
[email protected]
Fax: 845-622-4878
SpeedTrader, Inc.
2875 Route 35
Suite 5C-2
Katonah, NY 10536
Outgoing Funds
SpeedTrader, Inc.
2875 Route 35
Suite 5C-2
Katonah, NY 10536
Fax #: 1-845-622-4878
Attn: Funds Request.
In order for your written fund request to be processed, it must be authorized with an original signature of the account holder and submitted along with a copy of a valid government photo ID. For Joint Accounts, either signature is acceptable. Fund requests will not be accepted via phone or e-mail.
ACH
Electronically transfer funds to your checking. 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 ACH transfers.
To get started, log in: SpeedTrader Portal
Once logged in, please follow the ACH instructions there.
Check
Checks requested will be made payable to the account holder(s) and mailed to the address of record only.
Overnight Fee: Your account will be debited $40.00, 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.
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 # 845-622-4878.
SpeedTrader, Inc. gives you access to your funds through the Funds Request forms whether you’re requesting a check 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. Newly deposited funds 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 1:00 PM EST