Fund How to add money to your account

There are a variety of ways to fund your account. While most deposited funds are available to trade with the business day they are received, some, such as initial personal checks sent to fund a new account, require a ten (10) business day hold before trading or withdrawal is possible.This period may be shortened by faxing us a copy of your cancelled check, or a copy of your banking statement or online report showing the posted check has cleared.

IMPORTANT NOTE FOR IRA DEPOSITS: Each deposit into an IRA account must be accompanied by an IRA Deposit Slip. Without this document, the deposit will be returned.

 

Wire Deposits
Sending a wire is the fastest way to fund your ChoiceTrade account as wires are usually received the same day from your financial institution (international wires may take longer). We charge no fees for incoming wires.

Note: All wire transfers must originate from an account that has the exact title of your ChoiceTrade account
NON-RETIREMENT ACCOUNTS
Bank Name: BMO Harris Bank N.A
Bank Address: 111 W. Monroe St.
Chicago IL, 60603
ABA# of Bank: 071-000-288
SWIFT (foreign only): HATRUS44
Beneficiary Name: Vision Financial Markets LLC
Beneficiary Address:
120 Long Ridge Road, 3 North
Stamford, CT 06902-1839
Beneficiary Account #: 4376372
FFC: Your Brokerage Account Name and Account Number

 

RETIREMENT ACCOUNTS

Bank Name: MB Financial Bank, N.A.
Bank Address: 800 W. Madison St. Chicago, IL 60607
ABA# of Bank: 071001737
Credit Acct#: 0691-76019
Acct Name: Millennium Trust Company, LLC
For Further Credit #: (Insert name)
Millennium Acct#: (Insert Acct#)

 

Automated Clearing House (ACH)
ACH is a fast, free way to electronically deposit or withdraw funds between your ChoiceTrade account and your checking or savings bank account.
INCOMING ACH DEPOSIT

To deposit funds in your account, please submit an Incoming ACH Form for each transfer. The first time you submit the form, please include a voided check.


NOTE: The first incoming transfer you process takes approximately five business days to clear. After that event has been successful, subsequent transfers generally take one or two business days. There is a $50 minimum and $5,000 maximum limit for each incoming ACH.

ACH is not available for first-time funding and non-resident accounts.

 

 

OUTGOING ACH WITHDRAWAL

To withdraw funds from your ChoiceTrade account to your bank, please submit an Outgoing ACH Form for each transfer.

 

NOTE: There is a $10,000 maximum limit for each outgoing ACH request


Check Deposits
ChoiceTrade accepts personal checks imprinted with the client name and address. We do not accept money orders, bank checks, cashier's checks, credit card checks, third party, or traveler's checks. A third party check is any check that is drawn on an account with a name that is not identical to the name on your ChoiceTrade account or any check that is not made payable to the clearing firm.
NON-RETIREMENT ACCOUNTS
Mail checks to:

Vision Financial Markets LLC
120 Long Ridge Road, 3 North
Stamford, CT 06902-1839

Make checks payable to "Vision Financial Markets, LLC" and write your ChoiceTrade number in the memo section.
RETIREMENT ACCOUNTS
Mail checks to:

Millennium Trust Company, LLC
F/B/O: (Insert Name)
2001 Spring Road, Suite 700
Oak Brook, IL 60523

 

Make checks payable to "Millennium Trust Company, LLC" and write your Millennium account number in the memo section.

Automated Customer Account Transfer (ACAT)
You can use an ACAT to transfer an entire account or partial account (including cash and securities) from another broker to your ChoiceTrade account by completing an ACAT Form. You must include a copy of your most recent monthly statement from the transferring broker.

DTC Transfer
DTC is a method of transferring fully paid-for positions from your account at another broker to ChoiceTrade. DTC transfers cannot be used if you are competely liquidating and closing your other account and typically take 2-3 business days to complete.

ChoiceTrade's incoming DTC number is 0595.



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