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Withdrawal Limits


Place Trade strongly encourages all clients to use a security device that is provided through our Secure Login System in addition to using continuous personal vigilance to protect your account. If you give away your password, either intentionally or unintentionally, Place Trade has no way of knowing that you are not the person who is logging into your account. It is extraordinarily important that you protect your password and keep your antivirus software up to date - and use it often. It may be a pain but it is much better than the alternative!

 

Accounts that do not participate in the Secure Login System are limited in the amount of money that can be withdrawn or transferred in one day and in any five day period. The table below lists the withdrawal limits for each available security device and for clients with no security device.

 

Withdrawal Limits for Place Trade Clients  

Security Device

Maximum Withdrawal per Day

Maximum Withdrawal in 5 Business Days

None 50K USD 100K USD
SMS 200K USD 600K USD
Handy Key 200K USD 600K USD
Security Code Card1 200K USD 600K USD
Digital Security Card1 1,000,000 USD 1,500,000 USD
Digital Security Card+ Unlimited Unlimited
Gold1 Unlimited Unlimited
Platinum1 Unlimited Unlimited

 Accounts that are not protected with a security device will be subject to specific withdrawal limits in effort to protect clients from having accounts emptied by hackers!

1 Represents a legacy device no longer being issued and in the process of being replaced with a version of the Digital Security Card. 

 

 

 

 

How to Request a Security Device

     
  PLEASE NOTE: Once you request the security device you will receive a temporary card (as a page full of numbers and letters that will pop up on your screen) that you will need to print out (or save as a pdf if that is easier/more secure for you) before moving forward so that you will be able to use it to log into your account until you receive your permanent card or device in the mail. We do not keep a copy of this card and will need to send you through a verification process before issuing a new card/access to your account.   
     
     
 

New Customers - New customers have the option to register for a security device during the application process. You will receive the appropriate device based on the amount with which you fund your account.

Existing Customers - Non-participating customers can request a device from within Account Management. Please see below for simple instructions.

How to request a security device:

(From the Manage Account menu select) 
> Security
> Secure Login System
> Security Device.
> You will then have the opportunity to indicate that you would like to participate in the program and follow the directions to complete your registration.

 
     
 

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts