ACH Transfers

Establish an ACH relationship and transfer funds through ACH

Introduction

ACH transfers facilitate deposits and withdrawal of funds to/from your trading accounts. To perform such transfers, you first need to establish an ACH relationship with one of your bank accounts. Once this relationship is established, you will be able to quickly deposit or withdraw funds without having to repeatedly specify you banking information.

Creating ACH Relationships

To create a new ACH Relationships, navigate to the Funds Account Transfer widget and open the ACH Relationship sub-tab. Click Link a Bank Account.

This will bring up the ACH relationship establishment page. Click Agree.

Next, select your bank from the list of the most frequently used banks.

If your bank is not visible, you can search for it by entering its name in the Search field.

Afterward you will be prompted to log into your bank.

Next, select the required account from which funds will be withdrawn and into which funds will be deposited, and then click Continue.

In a short while the ACH relationship will be established and you will be able to see it on the ACH Relationship sub-tab. The linking process is complete and now you can proceed to transfer funds from your banking account into your brokerage account.

Managing ACH Relationships

To remove an existing ACH relationship, click on the cross icon in the Actions column.

In the appeared pop-up window, specify the reason for removing the ACH relationship and then click Save.

ACH relationships can be renamed at any time by clicking on the Edit icon in the Actions column.

Depositing and Withdrawing Funds

To deposit or withdraw funds, go back to the Funds Transfer tab. At the top, select the ACH Transfer radio button. Next, select the preferred transaction type: ACH Deposit or ACH Withdraw. Specify the required amount of funds to be transferred (in USD), select the newly added banking account, and finally click Submit.

Monitoring ACH Transfers

Once you've submitted a deposit or withdrawal request, its state will change to Submitted, meaning that it's currently under review by an administrator. Once they approve the request, its state will change to FundsPosted — i.e., the funds have been transferred and are now waiting for clearance. The final state of the request is Complete — i.e., the funds have been cleared and can be used to place trades.