How do I send check deposits?

Deposit a Check

  1. Make a check payable to Firstrade Securities.
    All checks must be made payable in U.S. dollars and payable through a U.S. bank.
  2. Write your account number on the check.
  3. Mail check to:
    Firstrade Securities Inc.
    30-50 Whitestone Expwy.
    Ste. A301
    Flushing, NY 11354

Check Deposit for IRA Contribution

  1. Make a check payable to Firstrade Securities.
    All checks must be made payable in U.S. dollars and payable through a U.S. bank.
  2. Write your account number and indicate the IRA contribution tax year on the memo section of the check.
  3. If you are making contribution to a rollover IRA, please also mail a copy of the most recent account statement from the institution you are transferring from.
  4. Mail to:
    Firstrade Securities Inc.
    30-50 Whitestone Expwy.
    Ste. A301
    Flushing, NY 11354

Acceptable Deposits Include:

  • Personal checks drawn from personal checking accounts titled exactly the same as the Firstrade account you are funding.
  • Checks from joint checking accounts may be deposited into either checking account holders brokerage account.
  • Checks from an individual checking account of either joint brokerage account holder may be deposited into that joint brokerage account.
  • Bank, Teller, or Cashiers checks made payable to Firstrade Securities (as long as the remitters name is the same as that of the account title at Firstrade).
  • Checks from investment club accounts should be drawn from a checking account in the name of the investment club. If a member of the investment club remits a personal check, the check must be payable to: "Firstrade Securities FBO [investment club name]."

Unacceptable Deposits Include:

  • Third party checks drawn from a checking account other than the brokerage account holder(s) or made payable to the brokerage account holder and endorsed over to Firstrade Securities.
  • Double-endorsed checks (checks with more than one signature on the back).
  • Personal checks deposited into a corporate brokerage account and vice-versa.
  • Money orders.
  • Any foreign instruments (checks, travelers checks, drafts, etc.).
  • Stale-dated checks (over three months old).
  • Checks which appear altered in any way.
  • Coin or currency.

Unacceptable deposits cannot be credited to your account and will be returned.
*Note: These are only guidelines; other situations may arise when a remittance is deemed acceptable or unacceptable.

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