Lightspeed - transfer cash between equities and futures accts

C

cruisecontrol

For those with both an equities and futures account with LS,

How easy is it to transfer cash between the two?
Is there a web interface for it?
How long does it take?
 
Good morning-Not sure why you asked publicly vs me directly, as we have communicated directly before. Currently, our Futures and Equity accounts are independent without the means to journal or automatically transfer funds. To move money it requires a wire request that is often approved and sent the same day, depending on the time of day you request it. This incurs a wire charge. We are working on a process where the client can request a journal on the portal, but that is not in place yet.
 
Robert Morse said:
Good morning-Not sure why you asked publicly vs me directly, as we have communicated directly before. Currently, our Futures and Equity accounts are independent without the means to journal or automatically transfer funds. To move money it requires a wire request that is often approved and sent the same day, depending on the time of day you request it. This incurs a wire charge. We are working on a process where the client can request a journal on the portal, but that is not in place yet.
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Thanks Robert,

Better to ask such questions publicly so everyone can see the answer, no? I was surprised I couldn't find this on google.

So it incurs a wire charge, but is it literally doing a wire transfer, or is it a Wedbush internal transfer?

How long does it take to receive once sent?
 
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