Express Funding

What is Express Funding?

Express Funding allows you to place a buy order (real-time and mutual funds) when you do not have enough Cash Available for Investing to cover the entire order. Essentially, it will allow you to place the order without requiring that you first post a deposit to your account.

Here's how it works – If you are trying to place a buy order that exceeds your Cash Available for Investing, selecting Express Funding as your Funding Source will automatically create an electronic funds deposit to transfer the required amount from your linked checking or savings account. ShareBuilder will then place your order as instructed without delay while we process the transfer.

You can use Express Funding for buy orders in individual, joint and custodial accounts. You are limited to $5,000 in outstanding Express Funding transfers at any one time, and the minimum deposit amount is $35.00. There is a $6.95 charge for each trade that uses Express Funding. This charge is added to the cost of your trade. The charge is waived if the money is coming from a Capital One bank account.

Note: For Express Funding orders placed before 5 PM (ET) on a business day, the electronic funds deposit will be processed the same day. If the order is placed after 5 PM (ET), over the weekend or on a holiday, the deposit will be processed on the next business day. In either case, the funds will post to your ShareBuilder account on the business day following the processing.

Banking services also provided by Capital One Bank (USA), N.A. and Capital One, N.A., Members FDIC.

How is the Express Funding deposit amount calculated?

The 'Express Funding Transfer Amount' is the difference between the 'Estimated Cost of Trade' and your 'Cash Available for Investing'. In addition to this, we'll ask you to authorize a little more to account for any increase in the stock price that may happen by the time your order is executed. For example, if the estimated total cost of the trade is $750 and your cash available for investing is $500, the Express Funding deposit request (the Transfer Amount) will be $282: $250 to complete the trade, plus $25 to account for market volatility, plus $6.95 for the Express Funding charge (rounded up).

Note: The $6.95 Express Funding charge is automatically added to the cost of the trade when you place the trade. The charge is waived if the money is coming from a Capital One bank account. For example, if your real-time trade commission is $6.95 and you place a trade using Express Funding with money coming from a non-Capital One bank account, $6.95 will be added, bringing your total commission to $13.90. If your trade does not execute, you will not be charged $6.95 and this amount will remain in your account.

In some cases, the amount needed to complete the trade may exceed the `Estimated Required Amount.' If this happens, we will not update the amount you authorized. This situation will result in a negative cash balance in your account and you will need to make another deposit that covers the debit balance.

Banking services also provided by Capital One Bank (USA), N.A. and Capital One, N.A., Members FDIC.

How much money can I request with Express Funding?

If you use Express Funding to fund a trade, you can have up to $5,000 in open funds requests at one time. After we've posted the deposits to your ShareBuilder account (within 1-2 business days), then you can make additional trades using Express Funding.

Tip: Are you a Capital One 360 customer? Want to move funds quickly to ShareBuilder? Check out our Instant Transfer feature.

What securities can I buy with Express Funding?

You can purchase securities with Express Funding as long as it meets certain criteria, such as market capitalization and average daily trading volume. Most stocks on the ShareBuilder Stock List are available for purchase with Express Funding. We reserve the right to change the eligibility of a stock available for Express Funding at any time.

Tip: The $6.95 Express Funding charge is waived if the money is coming from a Capital One bank account.

Banking services also provided by Capital One Bank (USA), N.A. and Capital One, N.A., Members FDIC.

How do I pay the Express Funding charge?

When you place a trade, the Express Funding charge is added to your total transaction cost. For example, if your transaction cost is $6.95, and you place a trade using Express Funding ($6.95), your total transaction cost is now $13.90.

Tip: If you fund the trade through a Capital One bank account, we waive the $6.95 Express Funding charge.

Banking services also provided by Capital One Bank (USA), N.A. and Capital One, N.A., Members FDIC.

How do I waive the Express Funding charge?

If you use your Capital One bank account to fund a trade, we waive the $6.95 Express Funding charge.

Tip: For more details about Capital One 360 bank products, visit the Banking tab on the our web site.

Banking services also provided by Capital One Bank (USA), N.A. and Capital One, N.A., Members FDIC.

How do I cancel my Express Funding request?

Canceling your trade automatically cancels your express funding deposit.

To cancel your order (and express funding):

  1. Go to Trade > Order Status (sign in required).
  2. Locate the trade tied to the Express Funding request.
  3. If the Status is 'Open,' you may select the Cancel link.
  4. You will then be asked to reconfirm your cancellation request.

Once the request to cancel the order is complete, the Express Funding deposit request is canceled—if the funding request hasn't gone through. Learn more about canceling a trade order.

Tip: Orders canceled close to market close may not cancel the Express Funding deposit. The deadline to cancel Express Funding deposit requests is 5:00 PM ET. If you cancel the trade order, but your funds still get transferred, the money shows up in your cash balance the following business day. In this case, you aren't charged for Express Funding.