- MBT World
Withdraw funds from your MB Trading account by requesting a check, wire, or ACH transfer.
Note: All withdrawal requests are subjected to phone verification prior to transferring funds. The daily deadline to request funds from your account is 10:00 a.m. PST.
To submit a request, log in to secure client area click the Accounts Menu, Cashiering, and then Withdrawal option. . Withdrawal requests must match the account title contained at the firm. We are unable to process wires to third party beneficiaries. Please note, a stop payment fee will be assessed for checks that have passed the 180 day void date and have not yet been cashed. Stop payments will be placed the month after the 180 day issuance date and funds will be placed back into the customer’s account the following business day.
Apex does not permit any outgoing requests to be distributed to OFAC and FATF restricted countries. Apex has also designated certain jurisdictions that require customers to submit the International Wire Form and will be pre-reviewed by Apex prior to the distribution of funds. Distributions are not guaranteed for approval and may take up to one business day for review and validation. For a list of the Apex Restricted Countries (ARC), OFAC and FATF jurisdictions please see the list here.
For disallowed requests, the alternative means of distribution is a domestic first party transfer. The receiving domestic institution would then facilitate a separate international transfer. Attempting to circumvent this process using ABA routing through intermediary banks FBO on a ARC country could result in escalated action, including account closure.
Electronically transfer funds to and from your checking. ACH transfers typically take 24-48 hours to process and are available for no charge. There is a limit of $50,000 per day for all ACH transfers. Once your ACH relationship has been approved, log in and select Accounts > Cashiering > Deposit Funds (or Withdraw Funds).
1. To transfer funds between 2 MBT accounts or an MBT account and another account with Apex, please download the Internal Transfer Request form and fax it into us. Funds can only be transferred between like accounts with the same name.