Deposit Funds - Check, Wire Transfer, DTC, or ACAT

Deposited funds are available to trade with the business day after they are received. Some deposits, such as checks, require a ten (10) business day hold before withdrawal.

 
Minimum Initial Deposit Requirements
  Cash account $5,000
  Margin account $5,000
  Daytrading account $25,000

Check
Please make checks payable to "Instinet Clearing Service, Inc." and include your account number. We accept personal checks, bank checks, and cashier checks (bank checks and cashier checks are only accepted for domestic accounts). We do not accept third party checks, traveler's checks, or money orders.

Make checks payable to:
"Penson Clearing Service, Inc."
Include your customer account number 		Mail checks to:
Golden Beneficial Securities Corp
5850 San Felipe, Suite 111
Houston, Texas 77057
Checks made payable to Golden Beneficial Securities Corp will
not be accepted.

Wire Transfer
Typically the fastest method of funding your Golden Beneficial Securities Corp account. Wire transfers are usually received the same day that they are sent by your financial institution and will post to your account the day after they are received.

Receiving Bank Info:
JP Morgan Chase Bank
1 Chase Manhattan Plaza, Fl 25
New York, NY 10081
(212) 623-4444
ABA Number:
021000021

Swift Code:
CHASEUS33

 

Account Name:
Penson Financial Services

Account Number: 066-6-00030

For Further Credit To:
<Your Name>
<Your Account #>

Electronic Funding (efunds)
Electronically transfer funds from your checking or savings account to your Golden Beneficial Securities Corp account. Click here to submit an efunds transfer, and we'll create a physical check in our office, on your behalf.
DTC Transfer
A method of transferring cash positions (fully paid-for stocks) from your existing brokerage firm to Golden Beneficial Securities Corp. These transfers typically take 2-3 business days and cannot be used if you are closing your other account. You will need to provide the transferring broker with Golden Beneficial Securities Corp incoming DTC number: 0067
Automated Customer Account Transfer (ACAT)
You can use an ACAT to transfer an entire account (including cash and securities) from another broker to your Golden Beneficial Securities Corp 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.
Important Information
  • Checks and wires can only be accepted from an account with the same name as your Golden Beneficial Securities Corp account.
  • Checks will be held from withdrawal for at least 10 business days after deposit.
  • Cash deposits are not accepted.
  • Checks drawn against lines of credit or credit card accounts will be returned un-deposited.
  • All checks received after the pre-printed expiration dates will be returned un-deposited.
  • Unsigned checks and checks made payable to Golden Beneficial Securities Corp will be returned un-deposited.
  • Any items drawn in foreign currencies or against a foreign bank will be sent for collection. The customer will not be credited for deposit until the bank has collected the funds from the foreign institution and covers Instinet for the item converted into USD funds.
  • All items received for deposit will be deposited only after funds have been verified at the paying bank. In the event that the bank informs us that funds are not sufficient to pay the item, the check will be returned to the client un-deposited. In the event that we are unable to verify funds, the funds will be placed on hold for 12 business days. To expedite the release of funds, clients may fax a verification of deposit from his or her bank or have a bank representative contact Golden Beneficial Securities Corp.