NWT Direct Access Trading |
|
|
|
|
|
 |
|
|
SELECT PRODUCTS & SERVICES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits & Withdrawals |
|
NWT
provides a
variety of ways to fund your account. While most
deposited funds are available to trade with the
business day they are received, some, such as
initial personal checks sent to fund a new
account, require a ten (10) business day hold
before trading or withdrawal is possible.
IMPORTANT NOTE FOR IRA DEPOSITS:
Each deposit into an IRA account must
be accompanied by an
IRA Deposit Slip.
Without this document, the deposit will be
returned. |
|
 |
|
|
|
Check Deposits |
| |
|
NWT Financial Group accepts personal
checks, bank checks, and cashier checks
(bank and cashier checks are only accepted
for domestic accounts). We do not accept
money orders, credit card checks, third
party, or traveler's checks. A third party
check is any check that is drawn on an
account with a name that is not identical
to the name on your NWT Financial Group
account or any check that is not made
payable to Penson Financial Services |
| |
|
Mail Checks to: |
|
Penson Financial Services |
|
1700 Pacific Avenue, Suite 1400 |
|
Dallas, TX 75201 |
| |
|
Make checks payable to "Penson
Financial Services" and
write your NWT Financial account
number in the memo section. |
|
|
|
| |
|
Wire Deposits |
| |
|
Sending a wire is the fastest way to fund your
NWT Financial Group account as wires are usually
received the same day from your financial
institution (international wires may take
longer). We charge no fees for incoming wires. |
| |
|
|
Bank Name: |
JP
Morgan Chase Bank, 4 New York Plaza, New
York, NY 10004 |
|
ABA # of Bank: |
021000021 |
|
SWIFT (foreign only): |
CHASUS33 |
|
Beneficiary Name: |
Penson Financial Services |
|
Beneficiary Account: |
066-6-00030 |
|
Your Name: |
Your name as it appears on your account
statement |
|
Your Account #: |
Your NWT Financial account number |
|
| |
|
Automated Clearing House (ACH) |
| |
ACH is
a fast, free way to electronically deposit funds
into your NWT Financial Group account directly
from your checking or savings bank account.
To use ACH, please contact your NWT
representative at 1.877.644.1112. Once you
have set up an ACH relationship, to submit an
ACH deposit request online, please email
jeff@nwtfinancialgroup.com. |
| |
|
Automated Customer Account Transfer (ACAT) |
| |
|
You
can use an ACAT to transfer an entire account or
partial account (including cash and securities)
from another broker to your NWT Financial Group
account by completing an
ACAT Form. You
must include a copy of your most recent monthly
statement from the transferring broker. |
| |
|
DTC Transfer |
| |
|
DTC is
a method of transferring fully paid-for
positions from your account at another broker to
NWT Financial Group. DTC transfers cannot be
used if you are completely liquidating and
closing your other account and typically take
2-3 business days to complete. |
| |
|
Stock Transfer |
| |
|
To
deposit securities held in your name into
your NWT Financial Group account, please
follow these steps: |
| |
|
1. |
Write your NWT Financial Group account
number on the front of the stock
certificate, in the upper right hand corner.
|
|
2. |
Endorse the stock certificate over to Penson
by appointing our clearing firm, Penson
Financial Services, as attorney (see the
back of the certificate). There should be a
space between the words "Appoint" and
"Attorney". Please write Penson Financial
Services in this space. |
|
3. |
Date and sign the back of the certificate,
exactly as the name(s) appear on the front
of the certificate. |
|
| |
Do not mail your certificate(s)
to NWT Financial Group or they will be returned.
Mail the certificate(s) to our clearing firm at:
|
Penson Financial Services
1700 Pacific Avenue, Suite 1400
Dallas, TX 75201 |
| |
|
 |
| |
 |
Forms & Applications |
 |
Margin Accounts & Rates |
| |
|
|
|
|
| |
|
