ACH Deposits

It may take up to 5 business days after you send your ACH deposit for you to have full access to the deposited funds. Unfortunately, we are only able to release a partial amount of your ACH deposit into your buying power until the deposited funds have fully settled. We will let you know once the remaining funds are available. Please note that option trading and purchases in advisory portfolio accounts are limited to fully settled funds only.

The early access amount is determined by your total account balance:

  1. If the ACH deposit amount is less than $1,000, you will receive full access to the entire ACH deposit amount immediately.

  2. If the ACH deposit amount is greater than $1,000, the early released amount will be the lower of your total net equity as of that trading day’s market close or the ACH deposit amount (but not less than $1,000). If you are a margin account customer, you will receive 2x buying power on the early release amount (based on a 50% maintenance margin requirement).

Please note, the early release amount may change based upon your total net equity as of that trading day’s market close. If your position market value drops, the released amount will also reduce.

ACH Returns

Your bank may reverse an ACH transfer for the following reasons, which may cause additional transaction fees to be incurred in your bank account:

  • Insufficient Funds
  • Incorrect Account Type (your bank account does not support ACH transactions)
  • Duplicate Transactions
  • Declined Transfers

A $30.00 return fee will be applied to your account if return happens. Please note customers are responsible for all charges that result from returned payments and additional trading restrictions may apply.

To avoid ACH returns from occurring, we highly recommend the following:

  • Please make sure that you have sufficient funds in your bank account for 1-2 business days after applying for the ACH transfer. Please note that some banks will charge maintenance fees that may impact your daily balance.
  • Confirm that your bank account supports standard outgoing ACH transfers, and that the information entered when linking the account is accurate.
  • Be careful when making ACH transfers from a savings account because some savings accounts limit the number of transactions per month (which may include the micro-deposit amounts that BBAE has transferred to your account to confirm the ACH transfer linkage to your account).

If we receive an ACH return notice from your bank, we will restrict the ACH deposit amount and reversal fees from your buying power until the funds are transferred back to your bank.