FAQs  >  Topic: Funding

What is a wire transfer?

Description: A direct transfer of funds from your bank or brokerage account into your OptionsHouse account.

Typical Hold Time: This is the fastest way to fund your account. Trade as soon as the same business day. Once APEX CLEARING processes your incoming wire transfer it will be posted to your account.

Cost: OptionsHouse does not charge for incoming wires. While banks typically charge for this service, OptionsHouse will reimburse up to $25 for first time funding greater than $5000. Please contact your bank regarding any fees. Note: Returned wires will be assessed a $30 fee.

Important Conditions: 1) Before wiring your account must be opened and approved. This process may take 2-3 business days. 2) We do not accept third party wires (example: Individual or Joint accounts cannot be funded from Trust or Business accounts).