How are Funds Transferred Between my Bank and Brokerage Accounts?

Fund Deposits into Ustocktrade:

When you initiate a deposit into your Ustocktrade account, funds will be debited from your bank account and transferred to the Ustocktrade LK bank account maintained at the same bank. Once processed, the funds will available for trading in your Ustocktrade account.  

 

Fund Withdrawals out of Ustocktrade:

When you initiate a withdrawal out of your Ustocktrade account,  funds will be transferred from the Ustocktrade LK bank account to your bank account. Once processed, the funds will be credited to your bank account. .

 

Buying Stock:

When you purchase a stock, your funds in the Ustocktrade LK bank account will be transferred to the Ustocktrade Securities Inc account to cover the cost of the trade (plus applicable fees).

 

Selling Stock:

When you sell a stock, the proceeds from the sale (minus applicable fees) will be transferred out of the Ustocktrade Securities Inc account and credit your funds held in the Ustocktrade LK account.

 

Note: 'Funds available' in your Ustocktrade account will reflect the amount of funds maintained in the Ustocktrade LK bank account.

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