Making deposits

Originally posted by marrol
Do you know any broker who allow to make a deposit by a VISA credit card ?

MR
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tell visa to send you visa check which work just like regular bank check, accept everywhere.
 
Nkhoi,

A visa check has the same problems as direct visa funds. Ownership of funds.

Rules for accepting money for futures trading are pretty strict.
 
Originally posted by marrol
Do you know any broker who allow to make a deposit by a VISA credit card ?

MR
More...

Why not go to the bank and buy a cashier's check and mail that?

:eek:
 
Originally posted by matthew
Nkhoi,

A visa check has the same problems as direct visa funds. Ownership of funds.

Rules for accepting money for futures trading are pretty strict.
More...


Hi Matt,
I have no trouble using the visa check at all, it look like a bank check and it works like a bank check. Another way is open a netbank.com or firstunion.com account, deposite visa money into the account and then issue check from there. Depending on how strict your company policies are, I will bet I can comply with them by utilize all of firstunion.com features.
 
Try going to a place like bidpay.com which is owned by westerm union I think. You pay them by credit card and they send a money order to whoever you want on your behalf. So you can use VISA but the broker gets a money order.
 
As of May 15th, due to some rule changes following the USA Patriot Act, futures brokers have tightened the rules regarding the ownership of funds. I can only accept funds which are directly titled to a customer account of the same name. If someone deposits funds in an account named to themselves, and then sends them to me from that account, then my requirements are satisfied.
 
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