Account Funding

Please note that, due to industry regulations, only checks made payable to Penson Financial Services, Inc. will be accepted. Also, due to the new Patriots Act Law resulting from Sept 11, 2001, all funds deposited into a new account must be drawn from an account with an identical account title. For example, if you open a corporate account, the funds deposited into the account must come from an account with the same corporation’s name as the account holder. These same guidelines hold true for all account types.

Choose one or more of the methods below
to fund your account.

Check Alternative™ is an electronic means of writing a check from your checking account into your new brokerage account. Funds will be available to trade in 1-10 business days depending on the amount of the check.

Bank Wires are considered cleared funds and allow the client to begin trading their account immediately.  Wires should be sent to the following address:

Agent ID/Institutional: 89331

JPMorgan Chase Bank
ABA: 021000021
F/A: Penson Financial Services
ACCT: 066-6-00030
FFC: Customer Acct # & Customer Name

Checks in the form of: Checks drawn by account owner, Brokerage checks made payable to the customer or Penson Financial Services signed by the customer, Bank checks drawn from customer's account made payable to Penson Financial Services , IRS/Government checks payable to the customer, Dividend checks payable to the customer and Bond Interest checks made payable to the customer; these are all acceptable means of funding by check. Regulations require all check be made payable to Penson Financial Services except as noted above.

Transferring Money or Securities from an investment or brokerage account at another firm are considered cleared funds. The client must submit an account transfer form available through eSignup™ or Print Forms on the Open Account web page. The transfer of these funds or securities can take from 7-14 business days depending on the releasing broker's guidelines. The client may begin trading when the transfer is completed.

Stock Certificates, properly executed, are considered cleared funds and allow the client to begin trading their account once the certificates have been registered with the transfer agent.

Please mail all correspondence and checks to:

Online Brokerage Services
RE: Damascus Community Bank
10200 Waterville St.
Whitehouse, Ohio 43571
Attn: New Accounts Department

Note: Please indicate account number and name with any mailed correspondence.

Once again, thank you for opening a Damascus Community Bank Online Brokerage Services Account.  Please call our Toll Free number 1-866-eBank4u (322-6548) or e-mail should you have any questions or concerns.