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Topic: Funding TD Ameritrade Account
Hi, I am setting up a new investment club in Feb. using TD Ameritrade as our broker. I plan on having my members submit their contributions directly to the TD account having them list our account number on their checks. I plan on having that money sit in the cash sweep account until we decide on what to invest in. My question is will each member also need to submit a TD Ameritrade deposit slip with their personal checks? Or can they just send the check with the account number listed in the memo line without a deposit slip?

Thanks for any help, David.
I would not have them list their account # on the checks but to give everyone a different # 25.01  25.02 25.03 and so on so the number lets you know who made what deposit

On Wed, Jan 25, 2012 at 9:25 PM, David A Pisani <diamonddave33@hotmail.com> wrote:
Hi, I am setting up a new investment club in Feb. using TD Ameritrade as our broker.  I plan on having my members submit their contributions directly to the TD account having them list our account number on their checks.  I plan on having that money sit in the cash sweep account until we decide on what to invest in.  My question is will each member also need to submit a TD Ameritrade deposit slip with their personal checks?  Or can they just send the check with the account number listed in the memo line without a deposit slip?

Thanks for any help, David.

Note:  Check is made out to TD Ameritrade w/ account number ########, on Pay To The Order of: LINE (We use a Rubber Stamp) //  MEMO LINE: Bawbeese INV.Club . Members fill out amount make sure $ 50. 01, 02, 03, & so on is VERY LEGIBLE. They can not read HIEROGLYPHICS

On Wed, Jan 25, 2012 at 9:30 PM, Herb Lemcool <hlemcool@charter.net> wrote:
I would not have them list their account # on the checks but to give everyone a different # 25.01  25.02 25.03 and so on so the number lets you know who made what deposit


On Wed, Jan 25, 2012 at 9:25 PM, David A Pisani <diamonddave33@hotmail.com> wrote:
Hi, I am setting up a new investment club in Feb. using TD Ameritrade as our broker.  I plan on having my members submit their contributions directly to the TD account having them list our account number on their checks.  I plan on having that money sit in the cash sweep account until we decide on what to invest in.  My question is will each member also need to submit a TD Ameritrade deposit slip with their personal checks?  Or can they just send the check with the account number listed in the memo line without a deposit slip?

Thanks for any help, David.