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Transfer Funds Internally

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The Fund Transfers page lets you transfer funds internally from your KW account or an internal fund transfer to another KW account. KW supports the following kinds of internal fund transfers:

         Internal fund transfer to another KW account (all account structures) with matching Account Name, Account Title and Tax ID.

         Internal fund transfer between a master and sub account. The account types are eligible:

  • Proprietary Trading Groups - Separate Trading Limit accounts.

  • Non-disclosed Brokers.

  • Separate Trading Limit accounts can also transfer funds between two sub accounts.

         Internal fund transfer to a client or sub account. The following account types are eligible:

  • Advisor Masters can transfer funds to a client account with trading privileges or a client account with a matching Account Name, Account Title and Tax ID.

  • Investment Manager Masters (Fund Advisors) can transfer funds to an Omnibus Fund sub account, and to any client/sub account with a matching Account Name, Account Title and Tax ID.

  • Fully Disclosed Brokers.

To request a cash withdrawal from your KW account

  1. Click Funds Management in the left pane, then click Fund Transfers.

  2. If the Secure Login System page opens, this means that your account is enrolled in the Secure Login System and you must use your security device to log into the Withdrawals & Transfers page:

  1. Enter your username, then click OK.

  2. Read the instructions on the screen carefully, then enter the response string from your security device or temporary password and click OK.

  3. If you have a master account, in the Client/Sub Account Selection area, use the radio buttons to search for client or sub accounts by Account ID, Account Title or Account Alias, then click the client or sub account whose transaction history you want to view

  4. In the Transaction list, select Transfer Funds Internally.

    The following screen shows the internal funds transfer page for a Broker Master.

  5. In the Method list, select Transfer Funds.

  • Click Cancel to cancel the transaction.

Internal Fund Transfer Type

Step 1

Step 2

To Another KW Account

Provide fund transfer details in these fields, then click Continue:

         Amount

         Currency

         Destination account number

         Destination account username

         Destination account password

First, verify the transfer information is correct, then click Confirm.

Then confirm your identity by entering the confirmation number sent to you via email, then click Confirm. The transfer is initiated.

Note:    If you did not receive a confirmation number via email, click Request Confirmation Number to have a confirmation number sent to your email address on record.

Between Master and Sub

Provide transfer details in these fields, then click Continue:

         Source account number

         Amount

         Currency

         Destination account number

First, verify the transfer information is correct, then click Confirm. The transfer is initiated.

Then confirm your identity by entering the confirmation number sent to you via email, then click Confirm.

Note:    If you did not receive a confirmation number via email, click Request Confirmation Number to have a confirmation number sent to your email address on record.

To Client or Sub

Provide transfer details in these fields, then click Continue:

         Destination account username

         Destination account password

First, verify the transfer information is correct, then click Confirm. The transfer is initiated.

Then confirm your identity by entering the confirmation number sent to you via email, then click Confirm.

If you did not receive a confirmation number via email, click Request Confirmation Number to have a confirmation number sent to your email address on record.

View the status of your internal funds transfer on the Transaction History page.


 

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