Check Deposits

• All checks must be made payable to our clearing firm: Penson Financial Services, Inc.
• There is a 10 business day holding period on all checks
• Include your Account Number and Account Name on all deposit checks
• If your account has not been opened, a check can be enclosed with the original application to our Washington DC office.
• Please make checks payable to Penson Financial Services, Inc. and mail your deposits to:
  
  Success Trade Securities, Inc.
  1900 L Street NW
  Suite 525
  Washington, DC 20036

What You Can Deposit What You Can't Deposit   Checks drawn by the account owner, payable to Penson Financial Services, Inc.   Cash   Brokerage Checks payable to the account holder or Penson Financial Services, Inc. for the account of our customer (for Rollover IRAs only)   Money Orders   Bank Checks made payable to Penson Financial Services, Inc.   Travelers Checks       Checks incorrectly endorsed       Stale dated checks (six months or older)       A check from a Success Trade checkbook made out to another Success Trade account       Credit Card Checks       Credit / Debit Cards       Third Party Checks       Checks made payable to LowTrades.com, Success Trade Securities, Inc., the Scudder Funds, or Delaware Charter       Checks drawn from a non-US bank (these funds must be wired)       Electronic Checks: checks originated from an online account

Wiring Funds

For customers who want to wire funds to Penson Financial Services to credit their account(s), please follow the wiring instructions below.

Please do not initiate a wire transfer until you receive confirmation that your account has been opened.

Bank JP Morgan Chase Manhattan Bank 1 Chase Manhattan Plaza New York, NY 10081 ABA / Routing #: 021-000-021 Bank Account 066-6-00030 Account Name Penson Financial Services, Inc For Further Credit To Your Account Number and Name International Swift Code CHASUS33 Required only for funds wired from a non-US bank.

Note:

1. Please indicate your exact account name and account number with the wire transfer. Failure to do so could result in delayed posting or return of the wire.
2. Wires from third party individuals will not be accepted. Third party wire transfers from a business account will only be accepted if a Sole Proprietorship Form has been filed with LowTrades.
3. Please be advised that wire transfers may take up to 24 hours to post.

Stock Certificates

All Stock Certificates along with a Stock Power Form must be submitted directly to our clearing firm, Penson Financial Services:

Penson Financial Services, Inc.
Attn: Stock Receipts
1700 Pacific Ave, Suite 1400
Dallas, TX 75201

Please note that transfer agents must validate your certificate and shares before the shares are released for trading.
 

Account Transfers

Automated Customer Account Transfer (ACAT) You may transfer your investment account from another brokerage firm to your LowTrades account by submitting an Account Transfer Form along with the most recent copy of your statement.  Cash and Margin Account Transfer Form   IRA Account Transfer Form If you would like to make a Partial Transfer, please indicate "Partial Transfer" at the top of the Account Transfer Form and submit a letter of instruction with your request. All transfer requests must be mailed to LowTrades, a division of Success Trade Securities: Success Trade Securities 1900 L Street NW Suite 525 Washington, DC 20036 Important notes for transferring your account: Transfer Time Please allow 10-15 days for your account transfer to be processed. Transfers that are unable to be processed through the  ACAT system take approximately 3-4 weeks to complete. Acceptable / Unacceptable Requests For our clients' protection, transfers from another brokerage firm will only be accepted if the exact Account Name / Title of your  LowTrades account matches the exact Account Name / Title on the account being transferred. Cash Accounts and IRA Accounts Many firms will charge an out-going account transfer and/or closing fees and debit the amount directly from the account. Please  be sure to check with your carrying firm to ensure that your account has enough cash available to cover these fees. Margin Accounts If you are transferring an existing margin account with a debit balance, please make sure that your LowTrades account has  been approved for margin. Mutual Funds Not all mutual funds can be held at all brokerage firms. In order to transfer a mutual fund, please check our Mutual Fund List for  the funds that our clearing firm currently have agreements with. Funds that cannot be held with us will need to be liquidated  prior to transferring.   Transfers through DTC (Depository Trust Company) You may transfer securities from your investment account at another brokerage firm to your LowTrades account electronically. If you would like to fund your account via DTC, you will need to place a DTC request with the firm holding the securities you want to transfer. You will need to provide the following information to your current carrying firm: Clearing Firm Penson Financial Services, Inc. 1700 Pacific Ave, Suite 1400 Dallas, TX 75201 DTC / Clearing Number: 0234 Your LowTrades Account Name / Title Your LowTrades Account Number Please be advised that not all securities are eligible to transfer through DTC. If you are unsure if the securities you want to transfer are eligible, please contact Customer Services at 1-800-597-8767. Note: For our clients' protection, transfers from another brokerage firm will only be accepted if the exact Account Name / Title of your LowTrades account matches the exact Account Name / Title on the account the securities are being transferred from.   In-House Account Transfer To transfer assets from your existing LowTrades account, you will need to complete and forward a Letter of Authorization to: Success Trade Securities, Inc. 1900 L Street NW Suite 525 Washington, DC 20036 A $10 fee will apply for Letter of Authorization transfer requests. Please be advised that all third-party transfer requests must be notarized or bank medallion guaranteed.