Experience Convenient Funding and Transfers at ACAP Trading

 

Open and fund your account and start trading the same day on most account types. If you have funds with another firm, a previous 401k, or another type of retirement account, ACAP Trading makes rollovers and transfers easy.

 

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Electronic Funding

 

Electronic funding of your online brokerage account is easy with ACAP Trading.

 

ACH services assist with the moving of funds to and from another bank account. There is no minimum initial deposit required to open an account with ACAP Trading.

 

Acceptable Electronic Funding Deposits

 

  • ACH services may be used to transfer funds for the purchase or sale of securities.
  • When funding a new account with electronic funding through the ACH Authorization form, the transaction must be from a personal checking or savings account titled exactly the same as the ACAP Trading account you are funding.
  • When you choose to add funds to your existing account with an electronic funding request, the funds will post to your account the next business day if the transaction is requested before 5 p.m. ET.
  • Electronic funding transactions must come from a U.S. bank account in U.S. funds.
  • An electronic funding transaction from an individual or joint bank account may be deposited into an IRA belonging to either account owner. Maximum contribution limits cannot be exceeded. ACAP Trading does not provide legal, tax or investment advice. Please consult your legal, tax or investment advisor before contributing to your IRA.

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    Electronic Funding Restrictions

     

  • You may not transfer funds to third-party accounts, such as a business account (even if the account owner(s) name appears on the account), or the account of a party who is not one of the owners of your ACAP Trading account.
  • Not all financial institutions participate in electronic funding. If you are unsure of your bank’s policy, please consult your bank to determine if they will approve an electronic transfer of funds prior to using electronic funding. You may be charged an ACH Return Fee if your bank rejects an electronic funding transfer. Please note: When using electronic funding, a transfer reject may occur subsequent to account opening and/or after your account is credited for the amount of your electronic funding request.
  • We cannot accept an electronic funding transaction from accounts drawn on brokerage accounts or some money market accounts. Transactions from credit unions and savings accounts may also be unacceptable. You may attempt an electronic funding transaction from an account drawn on a credit union or a savings account; however, the success of this transaction is subject to the acceptance of your credit union and/or financial institution. Electronic funding is not available in some retirement accounts.

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    [su_tab title=”Wire Transfer“]

    Wire Transfer

     

    Fund your ACAP Trading online brokerage accounts quickly and easily with a wire transfer.

     

    There is no minimum initial deposit required to open an account. To avoid a rejected wire or a delay in processing your wire, please include your active nine-digit ACAP Trading account number on the wire. Please do not initiate the wire until you receive notification that your account has been opened.

     

    Incoming Wire Transfer

     

    Requests to wire funds into your ACAP Trading account must be made with your financial institution. Please have the bank include the sender name on the wire. This information must be included for the transfer to be credited to your account. A rejected wire may incur a bank fee. All wires sent from a third party are subject to review, require verification prior to acceptance and may be returned.

     

    A wire from a joint bank/brokerage account may be deposited into an ACAP Trading account by either or both of the joint account owners.

     

    A wire from an individual bank/brokerage account may be deposited into a Joint ACAP Trading account if that person is one of the ACAP Trading account owners.

     

    Wire Transfers should be sent to ACAP Trading as follows:

     

      JP Morgan Chase Bank
      270 Park Ave.
      New York, NY 10017
      ABA # 021000021
      Hilltop Securities, Inc.
      Account # 08805076955

     

      *For Further Benefit (FFB) of:
      Your nine-digit ACAP Trading account number
      Your name

    *Required for timely and accurate processing of your wire request.

     

    Please contact ACAP Trading, not Hilltop Securities, regarding questions or concerns about a wire transfer. Please do not send checks to this address.

     

    Foreign Wire Transfer

     

    Wire transfers that involve a bank outside of the United States are classified as foreign wires. Because these banks are not on the Federal Reserve System, an intermediary U.S. bank is needed. Along with the name and address of the intermediary bank, a SWIFT code or a sort code needs to be included. All wires sent from a third party are subject to review, require verification prior to acceptance, and may be returned. We are unable to accept wires from some restricted countries.

     

    If your financial institution is located outside the United States, wire to:

     

      JPMChase/Southwest #16867
      270 Park Ave.
      New York, NY 10017
      ABA transit routing # 021000021
      Swift Address: CHASUS33

        Hilltop Securities, Inc.
        Account # 08805076955

       

        *For Further Benefit (FFB) of:
        Your nine-digit ACAP Trading account number
        Your name

      *Required for timely and accurate processing of your wire request.

       

      Please contact ACAP Trading, and not the banks, with questions or concerns about wire transfers.
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      [su_tab title=”Check“]

      Check

       

      You can mail a check directly to ACAP Trading to deposit it into your account.

       

      Please refer to these check funding guidelines to avoid having your check returned to you as unacceptable. You can avoid a returned check by using Electronic Funding. It’s a fast, easy, and flexible way to electronically deposit cash into your eligible ACAP Trading account directly from your checking or savings account. Please see the “Electronic Funding” tab or call a Client Services representative at 1-855-846-2227 for details. Please note: ACAP Trading may verify funds prior to posting your check to your account. There is no minimum initial deposit required to open an account with ACAP Trading.

       

      Check Instructions

       

      Sending a check for deposit into your new or existing ACAP Trading brokerage account?

      Make checks payable to “Hilltop Securities” (except third party checks – see “Acceptable Check Deposits” below).

       

      Mailing Checks

       

      For new accounts, please submit an Account Application with your check and mail to: 201 N. Civic Drive #360, Walnut Creek, CA 94596-3758

       

      Acceptable Check Deposits

       

      Checks must be payable in U.S. dollars and through a U.S. bank.

       

    • Personal checks must be drawn from a bank account in an account owner’s name and must include Jr. or Sr. if applicable.
    • Checks from joint checking accounts may be deposited into either checking account owner’s ACAP Trading account.
    • Checks from an individual checking account may be deposited into a ACAP Trading Joint account if that person is one of the account owners.
    • Cashier’s check with the remitter name, pre-printed by the bank. The remitter name must be the same as an account owner’s name on the ACAP Trading account.
    • Checks must be made payable to Hilltop Securities, Inc. / FBO the ACAP Trading account owner and the ACAP Trading account number. “FBO” stands for “For the Benefit Of.” Example: Hilltop Securities, Inc. / FBO Jane Doe #123456789
    • Investment Club checks should be drawn from a checking account in the name of the Investment Club. If a member of the Investment Club remits a personal check, the check must be payable to: “Hilltop Securities, Inc. / FBO the Investment Club name.” “FBO” stands for “For the Benefit Of.”

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      Unacceptable Check Deposits

       

      The following are unacceptable deposits:

       

    • Coin or currency
    • Money Orders
    • Foreign instruments
    • Thrift withdrawal orders
    • Domestic drafts
    • Checks that have been double-endorsed (checks with more than one signature on the back)
    • Third party checks not properly made out and endorsed per the rules states in the “Acceptable Deposits” section
    • Checks from minors
    • Travelers checks
    • Credit card checks
    • Temporary checks

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      Please note: This is only a guide, and there may be situations when a remittance is unacceptable.
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      [su_tab title=”Transfer Assets“]

      Transfer Assets from one account to another

       

      Transferring assets between two brokerage accounts is easy with ACAP Trading. To expedite your account transfer, the name(s)/title on the account to be transferred must match the name(s)/title on your receiving ACAP Trading account. Please read the important information below.

       

    • Transferring assets from another firm into an ACAP Trading account requires an Account Transfer form.
    • To protect our clients, it is ACAP Trading’s policy to act only on transfer requests where the name(s)/title on the account to be transferred matches the name(s)/title on the receiving ACAP Trading account.

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        Examples of Transfers

      (Please note that trading in the delivering account may delay the transfer.)

       

      Mutual Funds.

       

      What to Expect When Transferring Your Account

       

        Transfer Time Frames

      Most total account transfers are sent via Automated Customer Account Transfer Service (ACATS) and take approximately five to eight business days upon initiation. ACATS is a regulated system through which the majority of total brokerage account transfers are submitted. Any residual balances that remain with the delivering brokerage firm after your transfer is completed will follow in approximately 10-20 business days. If you have any questions regarding residual sweeps, please contact the transferor firm directly. Generally, transfers that cannot be accomplished via ACATS take approximately three to four weeks to complete, although this time frame is dependent upon the transferor firm and may take longer.

       

        Transfer Assets

      Some assets cannot be held at all brokerage firms. This typically applies to proprietary and money market funds. These funds will need to be liquidated prior to transfer. Please contact an ACAP Trading representative to ensure your positions can be held.

       

        Margin and Options Accounts


      If you are transferring a margin and/or options account with an existing debit balance and/or options contract, please make sure that you have been approved for margin/options trading in your ACAP Trading account. Please contact an ACAP Trading representative to ensure your account meets ACAP Trading margin requirements.

       

        IRA Debit Balances

      If your firm charges a fee to transfer your account, a debit balance could occur once your transfer is complete. ACAP Trading may not accept the transfer if the debit balance is too big. You can avoid this by contacting your delivering broker prior to transferring the account.
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