Barron's 4.5 Stars 2014 Open an Account Button Contact Us Login Log In Log into

Funding Reference ~ How to Fund your Online Trading Account > Bank Information Fields

Fund Transfers

Position Transfers

Transaction History

Settlement Instructions

FAQs

Deposits

Withdrawals

Internal Position Transfers

 
 

 

 

Understanding Banking Instructions - Bank Information Fields

 

 

What information is saved when I set up bank instructions (for Deposit & Withdrawal Notifications)?

Use the following table to learn about all the different types of information that you can save when you set up bank instructions for deposit and withdrawal notifications. (Please note that you are not required to enter and save bank information when requesting check withdrawals.) 

 

 

Bank Instruction Information by Field and Type of Transaction (Deposit & Withdrawal Notification)

 

Type & Method

 

 

Field

 

 

Notes

 

 

  Deposits

  ACH from US Bank

  (Initiated at your bank)

  Sending Institution   Name of financial institution that will be sending funds to your Account.
  Bank's ABA Number or SWIFT/BIC Code   The routing or transit number for your bank.
  Bank Account Number or IBAN   For countries outside the US. This field is optional.
  Name   The name of the instruction. This appears on the Bank Instructions page.

  ACH Initiated by Us

  Bank Country   The country in which the bank is located.
  Bank Account Number   Your bank account number.
  Bank Account Type   Checking or Savings.
  Bank Routing Transit Number (RTN)   This is also known as ABA Routing Number (ABA).
  Type of Instruction   One of the following:

  ACH Debit & Credit:

  For future deposits and withdrawals between us and your bank.

 

  ACH Credit Only: 
  For future withdrawals from your account with us to your bank.

  Name   The name of the instruction. This appears on the Bank Instructions page.

  Bill Payment

  Sending Institution   Name of financial institution that will be sending funds to your Account.
  Bank's ABA Number or SWIFT/BIC Code   The routing or transit number for your bank.
  Bank Account Number or IBAN   For countries outside the US. This field is optional.

  Check
  (Info for check deposits only)

  Sending Institution   Name of financial institution that will be sending funds to your Account.
  Bank's ABA Number or SWIFT/BIC Code   The routing or transit number for your bank.
  Bank Account Number or IBAN   This field is optional.
  Name   The name of the instruction. This appears on the Bank Instructions page.

  Wire

  Sending Institution   Name of financial institution that will be sending funds to your Account.
  Bank's ABA Number or SWIFT/BIC Code   The routing or transit number for your bank.
  Name   The name of the instruction. This appears on the Bank Instructions page.

  Withdrawals

  ACH Initiated by Us

  Bank Country   The country in which the bank is located.
  Bank Account Number   Your bank account number.
  Bank Account Type   Checking or Savings.
  Bank Routing Transit Number (RTN)   This is also known as ABA Routing Number (ABA).
  Type of Instruction

  One of the following:

  ACH Debit & Credit:

  For future deposits and withdrawals between us and your bank.


  ACH Credit Only:

  For future withdrawals from your account to your bank.

  Name   The name of the instruction. This appears on the Bank Instructions page.

  Wire

  Wire Type   One of the following:
  Bank
  Mutual Fund
  Brokerage Firm
  Credit Union
  Other
  Bank Country   The country in which the bank is located.
  Account Number   Your account number.
  International Banking Account Number (IBAN)   For countries outside the US where applicable.
  SWIFT/BIC Code   Where applicable.
  ABA Routing Number   Where applicable.
  Name   The name of the instruction. This appears on the Bank Instructions page.

 

 

Funding Reference ~ How to Fund your Online Trading Account ~ Fund Transfers

 

Back to the top Deposit Type


 

For more information on how to fund your account please call us at 91-919-719-7200 today.

 

 

 

s5box


Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts