Bank Account Transfer Form - People's United Bank
ACCOUNT TRANSFER FORM
PSI-546 02/2015
What to expect when transferring your account
ACAT transfers generally require four (4) to six (6) days for completion. Any residual balances that remain with the delivering
brokerage rm after your transfer has been completed, as a result of dividends etc., will follow within 90 days. Mutual Fund
transfers that are not ACAT Eligible could take up to 2 weeks for completion. Please provide all of the following information
in order to avoid delay. Complete this form and mail it to us at: People’s Securities, Inc., P.O. Box 31, Bridgeport, CT 06601-
9933.
To expedite your account transfer, the name(s)/title on the account to be transferred must match the name(s)/title on your
receiving People’s Securities account. If the account titles do not match, a new brokerage account must be established with
like titles to accept the funds. Please see the information below for more detailed instructions.
If you have any questions, please contact our Customer Service department at: (800) 392-3009.
Mutual Funds
Not all mutual funds can be held at all brokerage rms. Proprietary and money market funds must be liquidated prior to
transferring them. Contact your tax advisor regarding possible tax consequences that may result from the liquidation of certain
mutual funds and/or accounts. For more information, please contact the transferring rm directly, or our Customer Service
department at (800) 392-3009 to nd out if People’s Securities, Inc., is able to hold certain mutual funds.
Margin and Options Accounts
Before initiating the transfer of a margin and/or options accounts with an existing debit balance and/or options contract into
People’s Securities, Inc., be sure that you have been approved for margin/options trading in your People’s Securities, Inc.,
brokerage account. Contact our Customer Service department to ensure that your account meets People’s Securities, Inc.’s,
margin/options requirements.
Debit Balances
Many rms will charge fees to transfer your account, which may result in a debit balance once your transfer is completed.
Fees that create debit balances must be resolved by either liquidating assets within your account or depositing a check in your
People’s Securities, Inc., brokerage account. To avoid transferring the account with a debit balance, contact your delivering
broker to clear up any fees prior to transferring the account.
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