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Author Topic: Broker - Bank Funding Question
Jhgrr2
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I have Tradingdirect as my broker and I was thinking about taking advantage of their ACH program where I would give them authorization to be able to deposit funds to my bank account and vice versa.
I am pretty new at trading and was wondering if anybody already has this with their borker and what they think of it (reliable...?). And is it safe?

https://www.tradingdirect.com/Static/xfer_docs.html?wrapper=true


ps -- not meant to be an advertisment just looking for some guidence

Thanks


Posts: 10 | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
poorman
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quote:
Originally posted by Jhgrr2:
I have Tradingdirect as my broker and I was thinking about taking advantage of their ACH program where I would give them authorization to be able to deposit funds to my bank account and vice versa.
I am pretty new at trading and was wondering if anybody already has this with their borker and what they think of it (reliable...?). And is it safe?

https://www.tradingdirect.com/Static/xfer_docs.html?wrapper=true


ps -- not meant to be an advertisment just looking for some guidence

Thanks



I am with Ameritrade and I have it set up to transfer funds from my money market account to them, as my account with them is an IRA I am not set up for them to send money back to me. This is the fastest way to get your money into you trading account ( unless they are in your area and you can go to your broker and deposit) to answer you question I do believe its safe.


Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
zeb33
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I have a mytrack account and they use E-check which takes about 3 days. I also have a tradingdirect account and I did signn up for the ACH program but after reading it over, I just sent them a check it seemed simplier.
Posts: 1 | From: joliet, il, usa | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
VNGNTN1
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J2
Make sure you don't authorize margin.
VAN

Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
   

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