Move Money

Money Transfer Request In

    1. Download Inbound Customer ACH /Wire Instructions.

    2. Contact your bank and share your Finova Inbound Customer ACH/Wire information.

    3. Monitor your Finvoa brokerage account for pending deposits. If you have any questions, don't hesitate to get in touch with us at support@finovasec.com

Finova Securities does not accept checks, money orders or cash deposits. Only inbound ACH or Wire money transfers are allowed.

Money Transfer Request Out

    1. Click to Download Outbound ACH / Wire Request Form.

    2. Open Form in Adobe Acrobat Reader If you don’t have Adobe Acrobat Reader, you can download from Adobe site here.

    3. Fill out Outbound ACH / Wire Request Form and sign it.

    4. Upload the completed and signed ACH / Wire Request Form by attaching the file below this window.

    5. We will call the phone number on file with your brokerage account to confirm the outbound ACH or Wire transfer.

    6. Same day wire transfer cut off is 12 PM ET. ACH processing takes between 2 -3 business days.

    If you have any questions, don't hesitate to get in touch with us at support@finovasec.com.

Finova Securities does not send checks or money orders. Only outbound ACH or Wire money transfers are allowed.

We do not accept any third-party wire transfer.

We do not charge an incoming wire fee, but some wires may be subject to intermediary bank wire fees.

Journal Transfer Between Accounts

    1. Download Journal Transfer Request Form

    2. Open Form in Adobe Acrobat Reader. If you don’t have Adobe Acrobat Reader, you can download from Adobe site here.

    3. Fill out Journal Transfer Request Form and sign it.

    4. Upload the completed and signed form by attaching the file below this window.

    5. We will call the phone number on file with your brokerage account to confirm the outbound ACH or Wire transfer.

    6. Same day cash transfer cut off is 12 PM ET.

    If you have any questions, don't hesitate to get in touch with us at support@finovasec.com

Account Transfer (ACATS)

You can transfer your assets to Eddid USA from another brokerage firm or bank by ACATS. Please fill out and submit the Customer Account Transfer Form, attaching your most recent statement from your previous brokerage firm.

FAQs

What is the minimum to open an account?

There is no minimum to open a cash account. For margin accounts with margin privileges, you must maintain at least $2,000. You must also meet any buying‑power requirements when placing trades.

What types of accounts does Finova Securities offer?

  • Individual account
  • Joint account (Tenants in Common & With Rights of Survivorship)
  • Entity account (Corporations & Trusts)
  • International account

Is my account safe and protected?

Finova Securities LLC is a member of the Securities Investor Protection Corporation (SIPC), which protects customer assets up to $500,000 (including $250,000 for cash). For more information, visit the SIPC website.

Is there any tax for foreign investors?

Generally, non‑U.S. citizens and residents with no U.S. business are not required to file a U.S. tax return on capital gains. Our clearing firm will withhold applicable U.S. taxes on income and gross proceeds and report directly to the IRS. Foreign investors must certify their status via Form W‑8 and may qualify for reduced withholding under tax treaties. Otherwise, a flat 30% withholding applies to certain U.S. interest and dividends. (See IRS Publication 515.)

Is there any estate tax for foreign investors?

Foreign investors face a U.S. estate tax threshold of $60,000 on U.S.‑situated assets, with rates up to 40% above the threshold. Exempt assets include obligations generating portfolio interest (e.g., U.S. Treasuries) and certain foreign dividends. Executors must file Form 706‑NA. Treaties may modify these rules. (See IRS Publication 515.)

How can I update my account information?

Please email your requested changes to support@finovasec.com.

How can I fund my account?

You may fund your account by:

  • Wire transfer
  • ACAT transfer

How can I transfer my account from another brokerage firm?

Submit the Customer Account Transfer Form along with a recent statement from your prior broker. We process transfers via ACATS.

How can I withdraw funds from my account?

Withdrawals are available via wire transfer or ACH:

  • Domestic wire: Complete the Domestic Wire Request Form (fee: $25)
  • International wire: Complete the International Wire Request Form (fee: $60)
  • ACH: Complete the ACH Instructions Form (no fee)

When are market trading hours?

U.S. equities trade from 4:00 AM–8:00 PM ET. Regular hours are 9:30 AM–4:00 PM ET. Extended‑hours trading carries additional risks; please review our Extended Trading Hours Risk Disclosure.

What are the margin requirements for stocks?

Margin requirements vary by security and may change without notice. Accounts below maintenance may be liquidated without notice. Consult our Margin Disclosure Statement for full details.

What is Pattern Day Trading (PDT)?

An account executing four or more day trades within five business days is designated a Pattern Day Trader and must maintain minimum equity of $25,000. Failure to meet this will restrict day‑trading privileges.

What is a Good‑Faith Violation (GFV)?

A GFV occurs when you buy with unsettled funds and sell before settlement. Three GFVs in 12 months will restrict your cash account to settled‑funds only for 90 days. Upgrade to a margin account to access unsettled funds for trading.

What options strategies are available?

We offer multi‑level options trading:

  • Level 1: Covered calls & buy‑writes
  • Level 2: All Level 1 + married puts, long calls/puts, straddles, strangles, covered puts
  • Level 3: Spreads (debit/credit) & index strategies
  • Level 4: Credit Spread Transactions
  • Level 5: Naked equity puts

What are the minimum equity requirements for options?

Requirements depend on strategy; for example, uncovered put writing requires $25,000. Spreads require $2,000. Contact us for full schedule.

How do I exercise or assign options?

Long options in‑the‑money at expiration are automatically exercised. To exercise early, email support@finovasec.com by 3:15 PM ET. Short options may be assigned at any time; close positions to avoid assignment.

What is dividend risk?

Short calls may be assigned before an ex‑dividend date, causing you to lose shares or owe dividend payments. Close positions prior to ex‑dividend date to mitigate this risk.