Skip to content
  • There are no suggestions because the search field is empty.

Depositing funds (ACH & Wire)

Deposit funds into Frec via ACH (up to $100K daily) or wire transfer. Get step-by-step instructions and wire details, including account and routing info.

Deposits via ACH transfer

You can transfer funds at any time by going to the Transfers tab > select Deposit . If this is the first time you are making a transfer and you have not linked an outside bank account, see this help center article on how to connect an outside bank account first. Once you have connected your outside bank account, you can make a deposit or withdrawal by selecting your outside bank account under the From dropdown menu in the Transfer tab.

Then you will be able to enter the amount you would like to deposit into your account. There is a $100,000 daily limit for ACH transfers. If you want to transfer more than $100,000, you will need to initiate a wire transfer as shown below.

Once you’ve entered the amount, click Confirm. Your deposit will then settle in your account in 1-3 business days. Keep in mind business days exclude bank holidays. Once the funds are settled, they will show as available Cash on your home page.

Note: Frec does not support direct deposit. All ACH transfers must be initiated from the Transfers tab within your Frec account, rather than from your external bank or brokerage. Frec does not have its own routing or account number that outside institutions can use to send funds directly.

Deposits via wire transfer

Provide your outside banking institution with the following instructions to wire money into Frec:

Bank name: BMO Harris Bank

Bank address: 111 W. Monroe St., Chicago, IL 60603

ABA: 071000288

Recipient name: Apex Clearing Corporation

Account number: 3713286

Memo: “Your Name” and “Your Frec Account Number”

  • Please confirm that “Your Name” in the memo line exactly matches the name on your Frec account.
  • You can find your Frec Account Number by clicking your name in the upper right-hand corner of the platform and selecting Account settings from the dropdown menu. From there click Accounts. You’ll see your account number listed under Frec Account.
  • Some institutions require a recipient mailing address. If so, please use:
    • One Dallas Center 350 N. St. Paul, Suite 1300 Dallas, TX 75201.

Still waiting on your wire? If it's been a while and you do not see it reflected in your account, contact us with the Fed reference number from your sending bank, and we can help track it down.

Checks

Frec does not accept checks. If a check is received, we will destroy the check and notify you.