What type of check should I deposit to meet the minimum balance requirement and margin maintenance calls?
• To meet a margin maintenance call totaling more than $5,000: • You must pay by cashier’s check. No personal checks will be accepted. • Regular deposit in an amount higher than the total account equity: • Cashier’s check: The buying power can be released immediately. • Personal check: We hold personal checks for 7 to 10 business days, during which the buying power of the check will not be available in the account.
Related Questions
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