Trading Direct

Depositing Funds

You have 4 options for depositing funds:

Checks

Please make checks payable to: Pershing, LLC. Be sure to put your account number on the check in the "Memo" field. Click here for our mailing address.

If your account has little or no equity relative to a check or money order deposit, the funds may take up to 5 business days to clear.

Federal Funds Wire

To send a Fed Fund Wire, please provide your bank with the following instructions:

Bank: The Bank of New York
ABA Number: 021000018
Beneficiary: Pershing LLC
Beneficiary Account Number: 890-051238-5
Ultimate Beneficiary:(Client’s Brokerage Account Name)
Ultimate Beneficiary Account Number:(Client’s Brokerage Account Number; for instance, ABC-123456)


WIRE NOTES:
• When sending wires, account titles must match.
• If any of the above information is missing, there may be a delay in crediting the account or the funds may be returned to the sender.
• If your bank requires the physical address of Pershing, LLC, in order to process the wire, it is: One Pershing Plaza, Jersey City NJ 07399, USA
• If your bank requires the physical address of Bank of New York, in order to process the wire, it is: One Wall St, New York NY 10286, USA
• Wired funds (via Federal Fund or International Wire) are available to use immediately.

International (SWIFT) Bank Wire in US dollars ($USD)

To send an International Wire, please provide your bank with the following instructions:

Bank: The Bank of New York
Swift Code: IRVTUS3N
Beneficiary: Pershing LLC
Beneficiary Account Number: 890-051238-5
Ultimate Beneficiary: (Client’s Brokerage Account Name)
Ultimate Beneficiary Account Number: (Client’s Brokerage Account Number; for instance, ABC-123456)

SWIFT Wire Notes: Any international wire where the By Order (B/O) indicates a name that does not match that of the beneficiary account is considered a third party wire, and is therefore prohibited. When sending wires, account titles must match.

ACH Transfer

Click here for more information.

Depositing Restrictions:

• $500 minimum for initial deposit
• Deposits are only accepted in US ($) dollars.
• The name on the Trading Direct account must appear on the check being deposited.
• Corporate checks may only be deposited to corporate accounts.

We cannot accept:

• foreign currencies
• credit or debit cards
• bank cashier's checks for under $10,000
• third party checks
• money orders
• goverment issued tax refund checks
• checks from foreign banks without a United States bank affiliation.