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ACH, DTC, ACAT

ACH Transfers
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, download and complete the ACH Authorization form. Attach a voided check to the completed form and mail it to:

MB Trading
1926 E. Maple Avenue
El Segundo, CA 90245

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) Please refer to "Important Information" below.

DTC Transfers
A method of transferring cash positions (fully paid-for stocks) from your existing brokerage firm to MB Trading. These transfers typically take 3-5 business days and cannot be used if you are closing your other account. You will need to provide the transferring broker with MB Trading's incoming DTC number: 0158 Apex Clearing.

Automated Customer Account Transfer (ACAT)
Typically used to transfer an entire account (including cash and securities) from another broker to your MB Trading account. To do so, 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 7-10 business days). Click here for an ACAT form.

*ACH Relationships cannot be established for UTMA/UGMA accounts. * 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 Funds from ACH deposits cannot be withdrawn for a period of 5 business days due to our clearing firm's policy.

Penalties for Returned ACH and Check Deposits - In the event that a check or ACH deposit 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). The following penalties will be enforced for any check deposited into a customer account that is returned unpaid by the paying bank regardless of the reason for the return:

  • 1st returned deposit for any reason results in a warning. However we will require alternate method of deposit.
  • 2nd returned deposit for any reason results in a 90 day restriction of the account
  • 3rd returned deposit for any reason results in account closure for 90 days (liquidating transactions only).

Physical Securities Processing

MB Trading accepts physical certificates for listed NYSE and NASDAQ (All certificates are subject to additional processing fees). All physical certificate deposits are accepted on a case-by-case basis and maybe subject to additional review and documentation requirements. Presently, free shares are received in accounts through three methods: Direct Registration (DRS), Deposit, Withdrawal at Custodian (DWAC), and physical receipt. 

We DO NOT accept shares of Over-the-Counter (OTC) securities (Pink Sheets or Bulletin board) and non-DTCC eligible securitiesthrough DRS, DWAC, or in physical stock certificate form. A list of Non-DTCC eligible securities is available here, but is subject to change. 

Stock certificates should be endorsed to Apex Clearing Corporation or if the certificates are not properly endorsed, they must have an original stock power attached to make them negotiable. Please contact our Customer Service department with any additional questions.

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