CHANGE VIEW
Open Account 1-800-847-8495
AutoShares

Funding Instructions

You can deposit funds to your AutoShares Account by ACH, Account Transfer, or Incoming Wire.
You can withdraw funds using ACH or Wire Transfer.

Depositing Funds to Brokerage Accounts

ACH Incoming Funds

Electronically transfer funds to and from your checking account.

ACH transfers typically post to your account within 1 business day and are available for no charge. There is a limit of $50,000 per day for all ACH transfers.

To get started, complete an ACH Setup and Authorization Form.

Send completed by fax or email to:

[email protected]
800-670-0692 fax
AutoShares New Accounts Processing
Reference Your Account #
Include ACH Authorization Form and Voided Check 

* The minimum amount for ACH transfer is $100, incoming or outgoing.
* ACH Relationships cannot be established for UTMA/UGMA accounts.
* We hold all initial ACH transfers for an additional 5 business days.
* In the event that an ACH is reversed by NACHA, a $25 fee will be charged and the account will be asked to send funds via an alternate method (wire, cashier’s check, or certified funds).
Funds from ACH deposits cannot be withdrawn for a period of 5 business days due to our clearing firm’s policy

Wire Incoming Funds to:

BMO Harris Bank
111 W Monroe St
Chicago, IL 60603
ABA# 071000288

Further Credit to:
APEX Clearing
350 North St Paul Street #1300
Dallas, Texas75201
Account # 3713286

For Further Credit to:
Your Account Name and Account #

WIRE MUST INCLUDE YOUR ACCOUNT NAME AND ACCOUNT NUMBER OR THE FUNDS WILL BE RETURNED

* 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.
* Funds will be returned if the funds are deemed Third Party (defined as any account other than one of the same name as the account title of your account) or if the account is not opened.
* Incoming funds can only be sent in U.S. Dollars (USD$).
* We do not accept foreign currencies.

Check Deposits

All checks are to be sent as follows:
Apex Clearing Corporation – C/O BPO
Attn: Treasury Department
2 Gateway Ctr, 16th Floor, 283-299 Market St
Newark, NJ 07102-5005
Reference Account # in Memo Field

Checks must be made payable to: APEX CLEARING CORPORATION AND REFERENCE YOUR ACCOUNT #

Checks require 5 business days for check clearance and processing.
CHECKS MADE PAYABLE TO AUTOSHARES WILL NOT BE ACCEPTED.

Important Note:
The firm is unable to accept the following funding types:
Any funding not made payable to Apex Clearing Corporation
Third Party Wires and Checks(defined as any account other than one of the same name as the account title held at AutoShares)
Traveler’s Checks, Credit card checks
Checks drawn against lines of credit or lines of equity
Cash, Money Orders, Temporary Checks, Unsigned checks
Cashier’s checks/Official checks for deposit to foreign accounts
Preprinted expiration dates on checks
Funds for accounts that have not been opened
IRA Funding not accompanied with an IRA Deposit Slip

Unverified Funds:
Checks may be subject to a 10 business day hold before funds are released for trading if the firm is unable to verify the funds with your financial institution. Foreign Accounts: Apex’s policy requires that any check or ACH deposits into international accounts must remain in the account 30 days before any withdrawal may take place. Additionally, Apex will not accept cashiers checks for international accounts. 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 Apex for the item converted into USD funds. Penalties for Returned Check Deposits – In the event that a check is returned unpaid from the paying bank, a $25 fee will be charged and the account will be asked to send funds in an alternate method (wire, cashier’s check, or certified funds).

Account Transfer (ACAT)

Typically used to transfer an entire account (including cash and securities) from another broker to your new account. 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 business days).

Click here for an ACAT Form.

Email or fax all documents to:

[email protected]
800-670-0692 fax
AutoShares
New Accounts Processing
Reference Your Account #
Include Requested Documents

 

Withdraw Funds to Bank

Electronically transfer funds to your checking account.
ACH transfers typically take 24 hours to process and are available for no charge. 

You will submit the paperwork to the receiving brokerage firm, not to AutoShares.