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ACH deposits, like checks, aren't guaranteed and have a 4-day hold period. MEXEM enforces the hold to protect against potential unauthorized transfers. Wire transfers are recommended for instant access. MEXEM doesn't charge for incoming wires, except for Mexican Peso. Check our website for more details.
Read MoreMEXEM offers US ACH transfers initiated at MEXEM. It allows automatic funds deposit from a US bank to MEXEM using the bank's ABA number and account number. Verification of each instruction is required. MEXEM doesn't support ACH transfers initiated at your bank. More info on our website's Funding Reference page.
Read More"Subject to origination restriction" limits withdrawals of ACH or EFT deposits in your MEXEM account. The sending institution can claw back funds for fraud or error. Withdrawals to other banks are restricted for 44 business days (60 for Canadian EFT deposits). After 4 business days, you can withdraw to the originating bank.
Read MoreYou can link your checking account to your MEXEM account for the purpose of transferring USD denominated funds between the two accounts via ACH. This process requires that you first create a banking instruction and verify your bank account. The steps for creating an ACH instruction are provided on KB567. Deposits made via ACH are subject to a 4-business day hold before being credited to your account and, if withdrawn, can only be withdrawn to the originating bank for the 44-business day period thereafter.
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All investments involve risks, including the possible loss of capital.
www.support.mexem.com is a website owned and operated by MEXEM Ltd. MEXEM Ltd is a European broker regulated by CySEC, license No. 325/17.
Read our Forms & Disclosures.
Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.
