Account Features - Funding & Withdrawals
Siebert customers may fund their accounts by using any one of the following options. Money orders are not accepted. Currently, there is no minimum deposit required to open a Siebert account.
ChecksPersonal checks must be drawn on U.S. financial institutions in U.S. dollars. We do not accept third-party checks. All checks must be made payable to Muriel Siebert & Co., Inc. Please note: all checks, except those sent to establish an account, should include your account number on the face of the check.
Wire TransfersWire transfers typically arrive in your Siebert account the next business day. In order to fund your account by wire transfer, you must have an established account.
Funding by EFT for Established AccountsIf you have an account that has been open longer than six months, you may set it up to receive electronic funds transfer directly from your bank account. It takes about 10 business days for this link to be activated. Once it is, you may e-mail or phone us to transfer funds in either direction. There is no charge for this service.
To establish an EFT link, please send or fax us a signed letter requesting this feature and a voided check from your bank. You will receive confirmation in the mail once the service has been set up. Please note that EFTs cannot be used to pay for your initial transaction.
You may fax the letter and a copy of the voided check to 212-486-2784, or mail it to Muriel Siebert & Co., Inc. at 885 Third Ave, 17th floor, New York, NY 10022.
Account TransfersYou may transfer an existing brokerage account to Siebert at any time. Just complete and sign our account transfer form and send it to us with a copy of your most recent brokerage statement.
DTC TransferThrough the DTC system, assets typically arrive into your Siebert account within three business days. In order to fund your account through DTC, you must have an established account.