Account Funding / Withdrawal

Funding your account:

• New customers can begin trading 24 hours after the account is funded by wire.
• Accounts funded by check are subject to a 5 business day hold.
• We do not accept third-party checks.

Incoming Wire Instructions (USD):

JP Morgan Chase
277 Park Ave
New York, New York 10172
ABA: 021000021
Acct: 066600030
FBO: Penson Financial Services
FFC: Customer Name,
Customer Acct Number

Incoming Check Instructions:

Make Payable To:  Penson Financial Services
Mail to:  Lightspeed Trading Attention: New Accounts
               148 Madison Ave, 9th Floor
                New York, NY 10016

Withdrawing funds from your account:

Wire Transfer

• Have funds sent directly to your bank account via wire
• Wires are usually received by the bank on the same business day
• $20 fee for domestic wires and a $50 fee for international wires

Check

• Have a check mailed to address of record
• Processed same business day and take 3 to 5 business days to reach the customer
• No fee for a normal check request.

ACH Transfer

• Once bank link is established, make inbound and outbound fund transfers via ACH
• ACH requests take two business days to process
• No fee for ACH transfers
• Request withdrawals online by clicking the “Withdrawal Request” button at Lightspeed.com online reports page
• Fax a signed fund withdrawal request form to 646-393-4844.
• Withdrawal requests received by 2:30PM EST are processed same business day
• Requests received after 2:30 PM EST are processed the next business day
• To receive a fund withdrawal request form, please email rms@lightspeed.com