Pay by Check Instructions

Include your Account Number and Account Name on all checks for deposit.
Please make your check payable to: Penson Financial Services.

Mailing Address:


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

What You Can Deposit

What You Can't Deposit

  • Checks drawn by account owner, payable to Penson Financial Services, Inc.
  • Brokerage checks payable to our customer or to Penson Financial Services, Inc. for the
    account of our customer, signed by the customer to be deposited into his/her account as the check is entitled.
  • Bank checks drawn from customer’s account payable to Penson Financial Services, Inc. or to the account of our customer and customer endorsed. (Cashier’s check)
  • IRS/Government checks payable to our customer.
  • Dividend checks payable to our customer.
  • Bond interest checks payable to our customer.
  • Checks with incomplete information (no payee, no signature, written amount not completed).
  • Check signed by customer as partner of business for deposit into his/her personal account.
  • Check signed by customer as proprietor of business, unless a proprietor letter is on file.
  • Checks signed by customer as agent or attorney.
  • A check from a Penson checkbook made out to another Penson account.
  • Checks drawn on a bank outside the US.
  • Checks incorrectly endorsed
  • Stale dated checks (six months or older).
  • Trust account checks payable to non-trust accounts.
  • Cash
  • Money Orders
  • Travelers Checks
  • Credit Cards
  • Credit Card Check

Should you have any questions or concerns, please e-mail or call toll free 1-866-eBank4u (322-6548) for customer service.

*IMPORTANT INFORMATION ABOUT INVESTMENTS. NOT FDIC-INSURED. NO BANK GUARANTEE. MAY LOSE VALUE. NOT A DEPOSIT. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY 

*The term Direct Access refers to the client’s ability to determine which Exchange, ECN or Market Maker receives their order. The term does not mean to imply that you can trade without a broker, as any transaction would require a relationship with a registered Broker-Dealer. Securities offered through Online Brokerage Services member NASD/SIPC, NFA.

The risk of loss in electronic trading can be substantial, you should therefore consider whether such trading is suitable for you based on your individual circumstances and financial resources. Account access, trade execution and system response may be adversely affected by market conditions, quote delays, system performance and other factors. Extended hours trading entails several risks including lower liquidity, higher volatility, wider spreads, changing prices, unlinked markets, news and announcements. Not all securities, products or services are available in all states or countries outside the United States and nothing herein should be deemed as an offer or solicitation of these securities, products and services in any jurisdiction in which Online Brokerage Services is not properly licensed and registered.