Direct deposit into brokerage account

Transfer funds online First transfer: Follow the email instructions, and then call to confirm and activate MoneyLink. Transfer an account 5—10 business days for stocks, bonds, and acceptable mutual funds held at most brokerage or mutual fund firms. Trusts, banks, or insurance companies can take longer. Contact a Schwab Account Transfer Specialist at Do it yourself online: Get the current statement from your old account.

Complete the online transfer process. You can begin trading once the account transfer is complete. Wire transfer Same business day if transfer occurs before daily cutoff time. Provide sending institution with all necessary information. Follow the instructions to finalize your transfer. You can trade as soon as the funds are received in your account—there are no holds. Make a wire transfer. Speak with a Schwab Stock Plan Specialist: Understand your Restricted Stock Units?

Home Welcome Get Started. Connect with Schwab Facebook Twitter Youtube. The material on this website is provided for general informational purposes. Set up Schwab as a payee from your other online bank account. You may be able to directly deposit your state tax refund as well. Please refer to your state instructions on direct deposit. Schwab routing numbers and account prefixes apply to both federal and state direct deposits.

To deposit your income tax refund into a single account, just fill out Lines 74b and 74d in the Refund section of your Form or A as shown below. To deposit your income tax refund into multiple accounts, you must fill out Form Part I shown below , and check the box on Line 74a of your or A.

For the first account you deposit into, follow the steps below using Lines 1a through 1d. For subsequent accounts, use Lines 2a through 2d, 3a through 3d, etc. If you want your direct deposit to be classified as a prior-year contribution, we must receive the deposit by April 15, and you must notify us by calling before April Otherwise, we will treat it as a current tax year contribution.

If you have any questions or need additional information, please call , 24 hours a day, 7 days a week. This general information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice and is not intended to be construed as tax advice.

This information cannot be used for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

Where specific advice is necessary or appropriate, Schwab recommends that you consult with a qualified tax advisor, CPA, financial planner, or investment manager.

Depositing your refund into a single account: Enter the deposit amount on line 74a. Enter Schwab routing number on Line 74b.