The Huntington Investment Company Brokerage Automatic ...
[Pages:1]The Huntington Investment Company Brokerage Automatic Deposit/Withdrawal Application
If you elect this convenient service, we will automatically move money from your bank account via an Electronic Funds Transfer (EFT) in time to pay for purchases on settlement date.
Sales proceeds due you will automatically be transferred to your bank account on settlement date. These funds will be available for you to use within two days; substantially sooner than mailing a check.
Special procedure for Option and Margin accounts:
Options: Before placing an order to purchase options, you must specifically instruct us to move an appropriate amount of money from your bank account to your brokerage account.
Proceeds from the sale of options will remain in your brokerage account unless you specifically instruct us to transfer them to your bank account.
Margin: The amount transferred will be the minimum required to satisfy margin requirements. If you wish to have a larger amount transferred, you must make that request no later than the day following the transaction.
To add Automatic Deposit/Withdrawal to your Brokerage account Note: There must be a common name between your brokerage account and any other account listed. Please allow of 14 business days for the initial set up of the Electronic Funds Transfer.
Name: ___________________________________________________________________
Address: _________________________________________________________________
Street
City
State
Zip
Brokerage Services Account Number: ________________________________________ Type of Bank Account: ______Checking ________Savings
Initial Amount to be Transferred: _____________ (Please note that the minimum initial deposit is $5000
for a Margin and Options Account. You are not required an initial deposit if you are linking your Online
Brokerage Account to your bank checking or savings account)
________________________________
______________________________
Name of Bank
Banks Routing number
________________________________ Bank Account number
______________________________ Name on Bank Account
________________________________ Bank Address, Street, City
______________________________
State,
Zip
I (we) hereby authorize and request National Financial Services LLC (NFS LLC) to make payment to amounts representing the proceeds of securities transaction(s) entered into by me (us) or to secure payments for the cost(s) of said securities transaction(s) by initiating credit or debit entries to my (our) account indicated in the bank names above (Bank), and I (we) authorize and request the Bank to accept any such credit or debit entries initiated by NFS LLC to such account and to credit or debit, as requested, the same amount to such account, without responsibility for the correctness thereof or for the existence of any further authorization relating thereto. I (we) hereby ratify any telephone instructions given pursuant to this authorization and agree that NFS LLC will not be liable for any loss, liability, cost or expense for acting upon this authorization. It is understood that this authorization may be terminated by me (us) at any time by written notification received by both NFS LLC and the Bank. Any such notification shall be effective only with respect to entries initiated after receipt of such notification and a reasonable time to act on it.
Signature: _______________________________ Date ________________________________
Signature of Joint Tenant, if any: ____________________________________ Date _________________
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