Brokerage Transfer Reimbursement Details
Silo will reimburse the user the transfer fee charged by the transferring institution, capped at an aggregate $100 per client. To receive the reimbursement, the client must email support@silomarkets.com with the brokerage statement from the transferring institution that displays the institution name and client account number. If applicable, also the amount they were charged for the outgoing ACATS. Once the ACATS transfer settles in your Silo account and reimbursement has been requested, Silo will pay out the reimbursement (up to $100 total) within the first 10 days of the following month. Clients can be reimbursed for multiple ACATS, but total reimbursements will be capped at $100 per client. Clients must submit the outlined documentation above for each ACATS they submit if they wish to be reimbursed.
