FUTURES: Deposits


Wire instructions will be sent to customers upon account approval and are also available in the secure login area of the site.

Wire Deposits

Typically the fastest method of funding your futures MB Trading account. Wire transfers are usually received the same day that they are sent by your financial institution and will post to your account the day after they are received.

All incoming wires with incomplete information will be returned the next business day. Please ensure that your wire instructions include final beneficiary name and account number on the wire. Funds will be returned if the funds are deemed Third Party (defined as any account other than one of the same name as the account title held at MB Trading) or if the account is not opened.


Check Deposits
image

Please make ALL checks payable to:

Wedbush Securities Inc.
image

Please include your 8 digit MB Trading account number in the memo field of the check.

Example:
image
CLICK IMAGE TO ENLARGE

image

ALL checks must be mailed to:

MB Trading Futures
PO Box 49050
Charlotte, NC 28277-3432
United States

Checks made payable to MB Trading WILL NOT BE ACCEPTED.

 

ACH Deposits

Electronically transfer funds to and from your checking. ACH transfers typically take 24-72 hours to process and are available for no charge. There is a limit of $100,000 per day for all incoming ACH transfers, but no limit for Outgoing ACH requests.

To get started, download and complete the Futures ACH Authorization form . Attach a voided check or bank statement with the completed form and mail, scan copy to [email protected], or fax to 866-699-0563; International: 704-457-2205.

MB Trading Futures
PO Box 49050
Charlotte, NC 28277-3432
United States

To initiate an incoming ACH deposit, complete the ACH Deposit Form . Funds may only go into banking institutions that were previously applied and approved using the Futures ACH Authorization Form. In the event that an ACH is reversed by NACHA, a $50 fee will be charged and the account will be asked to send funds via an alternate method (wire, cashier's check, or certified funds) Please refer to "Important Information" below.


Important Note

Wedbush Futures does not accept third party checks or wires. Your funds must come from a bank account title that matches your Wedbush Futures account title.

If the bank account is a joint account please make sure the bank lists both names as the originator.

  • The firm is unable to accept the following funding types:
    • Any funding not made payable to Wedbush Securities Inc.
    • Third Party Wires and Checks (defined as any account other than one of the same name as the account title held at MB Trading )
    • Traveler’s Checks
    • Credit card checks
    • Checks drawn against lines of credit or lines of equity
    • Money Orders
    • Cash
    • Cashier’s checks/Official checks for deposit to foreign accounts
    • Temporary Checks
    • Preprinted expiration dates on checks
    • Unsigned checks
    • Funds for accounts that have not been opened
    • IRA Funding not accompanied with an IRA Deposit Slip
    • Funding to an IRA account not from the IRA custodian (Millennium Trust Company)
  • Check Deposits:Wedbush Futures places all checks on hold for ten business days for new accounts and will release funds available to your account for trading after the 10th business day. All Cashier checks must include the Account number AND Name in the remitter field.
  • Penalties for Returned ACH/Check Deposits - In the event that a check or ACH deposit is returned unpaid from the paying bank, a $50 NSF fee will be charged and the account will be asked to send funds in an alternate method (wire, cashier's check, or certified funds). The following penalties will be enforced for any ACH/check deposited into a customer account that is returned unpaid by the paying bank regardless of the reason for the return:
    • 1st returned deposit for any reason results in a warning. However we will require alternate method of deposit to cover any debit balance.
    • 2nd returned deposit for any reason results in a 90 day restriction of the account.
    • 3rd returned deposit for any reason results in account closure for 90 days (liquidating transactions only)
  • IRA Accounts: To deposit funds to your futures IRA account, please download the appropriate Futures Investment direction form for your account type from Millennium Trust Company's website at http://www.mtrustcompany.com/Forms.aspx. Please mail or fax the Investment form to Millennium Trust Company. Once the form is received, Millennium will complete the request form on your behalf and send funds to Wedbush Futures to fund your IRA account. Wedbush Futures/MB Trading Futures is unable to process deposits for IRA accounts without approval from Millennium Trust Company. Please contact Millennium with any questions regarding completing their forms at (800)932-0053.