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Deposits / Withdrawals

DEPOSITS

Personal or Cashier’s Check
Make checks payable to Penson Financial and forward to:

1st Discount Brokerage
420 South State Road 7, Suite 114
Wellington, FL 33414-4304

Please remember to write your account number or social security number on the memo line of your check.

Wired funds
In order for us to accept wired funds you must have an account number and instruct your bank to send the funds as follows:

Domestic Wires:
Bank of New York/NYC
ABA #: 021000018
Account: Penson Financial Services, Inc.
Account #: 8661169975
FBO: Your name and account #

Foreign Wires:
Bank of New York/NYC
Swift #: IRVTUS3N
Account: Penson Financial Services, Inc.
Account #: 8661169975
FBO: Your name and account #

Mail us at: 1st Discount Brokerage
420 South State Road 7, Suite 114
Wellington, FL. 33414-4304

WITHDRAWALS
In order to withdraw money or securities out of an account you should first contact your Independent Financial Consultant for instructions. As an alternative you can contact the main office at (888) 642-2811 or email us at support@1db.com

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© 1st Discount Brokerage, Inc. All rights reserved. Member FINRA and SIPC. SEC Registered Investment Adviser.

As a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of
$250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org

Our clearing firm, Penson Financial, has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2.15 million. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.