Investor Center> Electronic Funds Transfers

Electronic Funds Transfers

If you’re looking for a simple and economical way to transfer money into or out of your brokerage and/or bank accounts, you should consider establishing an ACH profile. Unlike other methods of transferring funds, "ACH" (Automated Clearing House) transactions are free of charge* to you and offer many additional benefits:

• Paper checks are eliminated:
Stop payments, requests for replacement checks, delays in receiving checks by mail and the extensive check clearing time process are avoided

• Money transfers are processed faster:
Funds due to or from you for securities sales or purchases can be sent immediately

• No more wire transfer fees:
You’ll save money and avoid the hassle of having to provide special instructions and/or letters of authorization

• Fraudulent transactions are avoided:
Since two financial institutions are involved (your brokerage firm and your bank), the audit trail is more effective than for checks, and forged signatures are eliminated.

• More choices in how and when to transfer funds:
      › You can create a profile that lets you decide the
        frequency and amount of funds transfers into or out of
        your account.
      › Saving and investing are easier when you create a
        schedule of periodic deposits to your brokerage accounts
        and have the funds automatically withdrawn from your
        bank account.
      › If you rely on regular distributions, you’ll have the
        assurance that your funds will be in your bank account on
        the due date

*ACH returns (due to NSF or other conditions) may be assessed a fee.

ACH Profile Options Available to You
You have many choices in establishing your profile, which identifies the type of ACH transactions allowed between your brokerage account and external bank account(s). These options include:

    ACH "On Demand"
        • Authorizing a debit to the brokerage account on
          demand.
        • Authorizing a credit to the brokerage account on
          demand

    Income Driven ACH
        • Automatically remitting dividend and interest payments

    Trade Related ACH
        • Automatically disbursing securities sale proceeds
        • Automatically "pulling in funds" to pay for securities
          purchases

    Periodic Receipts and Payments
        • Automatically "pulling in funds" according to a schedule
          specified by you
        • Automatically disbursing funds according to a schedule
          specified by you

Contact your Quest representative to complete an ACH Authorization form to establish a profile for your account.


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