Wire Instructions
Important Notice About Wires
The US Federal "Patriot Act" requires that all wires received by us contain specific information stating that the wire originated from a bank account in the same name as that of your trading account with us. We cannot accept funds from third parties for your account. Funds MUST originate from a bank account with the identical name as your account with us. Examples of third party wires include:
- sending funds from another individual or company,
- sending funds from your business bank account to your personal trading account (and vice versa),
- sending funds from your trust to your personal account (and vice versa).
The only exception to this rule is if we receive funds from a securities or futures broker from an account in your name. Please ensure that you instruct your bank to only send funds from the appropriate bank account and not a third party account.
You must make an initial minimum deposit of $5,000
in order to trade live.United States Dollar (USD), From Bank Located In the U.S.:
Bank of America, New YorkABA Routing Number: 026009593
100 33rd Street West
New York, NY 10001
Bank Tel: (800) 294-7999
Credit: Velocity Futures, LLC Customer Segregated Account
Account Number: 005770486386
*** PLEASE INCLUDE ***
For Further Credit to:
Velocity Futures, LLC Account #: ___________________
Velocity Futures, LLC Account Holder: ___________________
Your Velocity Futures, LLC account number must be included on your incoming wire details to avoid the possibility of your funds being held until further proof is provided as to which Velocity account the funds should be credited to.
United States Dollar (USD), From Bank Outside of the U.S.:
Bank of America, New YorkSWIFT Code: BOFAUS3N
100 33rd Street West
New York, NY 10001
Bank Tel: (800) 294-7999
Credit: Velocity Futures, LLC Customer Segregated Account
Account Number: 005770486386
*** PLEASE INCLUDE ***
For Further Credit to:
Velocity Futures, LLC Account #: ___________________
Velocity Futures, LLC Account Holder: ___________________
Your Velocity Futures, LLC account number must be included on your incoming wire details to avoid the possibility of your funds being held until further proof is provided as to which Velocity account the funds should be credited to.
Euro (EUR):
* See Note Added Below Regarding Incoming Euro Wires
Intermediary Bank Swift Code: BOFAGB22
Intermediary Bank Sort Code: 16-50-50
Beneficiary Bank Name: Bank of America
Beneficiary Bank Swift Code: BOFAUS6SFCD
Beneficiary Bank ABA Number: 026009593
IBAN Number: GB89BOFA16505095687029
Beneficiary Name: Velocity Futures
Non-Segregated/Customer Secured Account
Beneficiary Account Number: 0058 6515 8147
*** PLEASE INCLUDE ***
For Further Credit to:
Velocity Futures, LLC Account #: ___________________
Velocity Futures, LLC Account Holder: ___________________
Your Velocity Futures, LLC account number must be included on your incoming wire details to avoid the possibility of your funds being held until further proof is provided as to which Velocity account the funds should be credited to.
Pound Sterling (GBP):
* See Note Added Below
Regarding Incoming GBP Wires
Intermediary Bank Name: Bank of America NA London
Intermediary Bank Swift Code: BOFAGB22
Intermediary Bank Sort Code: 16-50-50
Beneficiary Bank Name: Bank of America
Beneficiary Bank Swift Code: BOFAUS6SFCD
Beneficiary Bank ABA Number: 026009593
IBAN Number: GB89BOFA16505095687029
Beneficiary Name: Velocity Futures
Non-Segregated/Customer Secured Account
Beneficiary Account Number: 0058 6515 8147
*** PLEASE INCLUDE ***
For Further Credit to:
Velocity Futures, LLC Account #: ___________________
Velocity Futures, LLC Account Holder: ___________________
Your Velocity Futures, LLC account number must be included on your incoming wire details to avoid the possibility of your funds being held until further proof is provided as to which Velocity account the funds should be credited to.
NOTICE TO OUR FOREIGN CUSTOMERS REGARDING INCOMING EURO
AND GBP WIRES:
The National Futures Association (NFA) recently
implemented enhanced customer protection rules which, among other things,
updated the financial reporting requirements for all FCMs (Futures Commission
Merchants) holding customer segregated funds and customer secured funds. As an NFA member and an FCM, Velocity
Futures has been working to address the requirements of these recent changes;
however, due to certain technical limitations beyond our control which impact
these reporting requirements, effective immediately, Velocity Futures will no
longer hold foreign currencies in its U.S. domiciled bank account and instead
will convert all incoming wires of foreign currency to U.S. dollars.
This change will NOT affect the trading of products on
foreign exchanges and outgoing wires may be requested in either Euro or British
pound currencies. However, until all
issues relating to this reporting are fully addressed, Velocity must hold all
customer funds in U.S. dollars.
To help accommodate our foreign customers, and until
further notice, Velocity will suspend all currency conversion charges for
incoming wires of foreign currency.
We regret any inconvenience this may cause as we work to
find and implement a permanent solution to meet the requirements of these new
rules. Please feel free to contact Operations@velocityfutures.com with any questions.
