I accidentally made a deposit in excess of what I have in my checking account. What happens now?
- If your bank does not honor your deposit for any reason your account will be charged a $30 fee from APEX Clearing, our clearing broker. This is a pass-through fee of which Stocktwits does not share. Your trades may be reversed or sold out and we or our clearing broker may pursue remedial action such as reporting to centralized databases or referring your account to a collection agency.
- To avoid that we encourage you to reach out to let us know in advance or respond to our notification alerting you so you can make arrangements to deposit funds. In certain cases, we may ask you upload a copy of your bank statement from which you are depositing to ensure we don’t repeat the same situation.