Tell Me About ...
Release Date: 7/16/2003

How do I transfer my account?

 

Transferring an account from another brokerage firm or financial institution to Online Brokerage Services is made easy by following the steps listed below. Most account transfers are processed within 10 business days. We make every effort to expedite the process. The quickness of account transfers is primarily dependent upon the delivering institution releasing the securities and funds. Please note, a transfer out fee is charged by some financial institutions.
• Please print and complete the Agreement for Customer Account Transfer Form (ACAT)
• Sign (by all account owners) Agreement for Customer Account Transfer Form
• Fax to 419-878-1919. Please include a copy of the latest account statement from the current institution with the Account Transfer Form.
• Allow 10 business days for the account transfer to be completed
• If you have any questions regarding the status of an account transfer AFTER 10 business days please call 877-698-7239.

Return to article list.

*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.

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