Jan 28 2009
How to Make Extra Money with Stock Dividends(Part 3)
This is the third post in a series on how to make extra money with stock dividends. This post will detail how to fund your stock brokerage account.
The funding process I am going to detail is based on my experience funding an account with Zecco.com. I have opened other stock brokerage accounts in the past and found the funding process similar although there might be some variations depending on who you open your account with.
During the account opening process you will be asked how you would like to fund your account. I chose ACH and recommend it as an easy, fast, and cheap way to fund your account. To set up ACH you will need to enter your banking information. After that Zecco will make a small deposit and withdrawal to your account. Once you see these in your bank account go to Zecco and enter these amounts to verify your ACH. You will then be able to transfer money from your bank account to your broker account. You will then be able to trade as soon as your transfer clears but there are several more things you should do before you begin trading. Those will be detailed in the next few posts.
