Pershing LLC is a third-party clearing firm—not your brokerage or bank—so seeing its name on your statements can feel like running into an old friend in an unexpected place. This guide walks you through exactly how to fund a Pershing-backed account, fix any hiccups along the way, and make sure future deposits go smoothly.
Quick Fix Summary: Pershing LLC is BNY Mellon’s clearing arm. To deposit funds, open your provider’s portal, pick Funding → Deposit to International Trading Account, enter the amount, confirm the currency, and authorize the transfer. Rates as of 2026 are $15 per equities/ETF trade, $15 + $1 per options contract, $35 for options exercise, and $25 for fixed-income trades.
What’s going on here?
Pershing LLC is a subsidiary of BNY Mellon and acts like the backstage crew that handles trade settlements and protects assets for advisory firms and broker-dealers. When you spot its name on your quarterly statement or online dashboard, that’s just your custodian routing transactions through Pershing’s platform. As of 2026, Pershing supports equities, ETFs, options, and fixed-income securities across U.S. markets, so the label you see is simply a routing notice—nothing to worry about.
Let’s get this done: step-by-step funding
Follow these steps to move cash into a Pershing-backed account.
- Fire up your broker-dealer or advisor portal in a desktop browser—mobile menus can be sneaky and hide what you need.
- Head to Funding → Deposit to International Trading Account; if your provider rebrands Pershing, look for wording like “BNY Mellon Pershing” or “Clearing Deposit.”
- Type in the dollar amount in your local currency; Pershing will handle the conversion automatically, but you can override it if you already hold USD.
- Choose your target currency (USD, EUR, GBP, etc.). Pershing shows live mid-market rates with a small markup; double-check the final rate before you commit.
- Hit “Submit” and finish any two-factor authentication. You’ll get a confirmation ID—save that for your records.
| Asset Type | Fee (as of 2025, still in effect 2026) |
|---|---|
| Equities & ETFs | $15 per trade |
| Options | $15 per trade + $1 per contract |
| Options Exercise/Assignment | $35 per trade |
| Fixed Income | $25 per trade |
That didn’t work—now what?
- Can’t find the menu path? If Funding → Deposit to International Trading Account is nowhere to be found, your advisor may not have turned on Pershing’s international funding module. Give their support line a call and ask them to whitelist your account for “BNYM Pershing International Deposits.”
- FX conversion fees too high? Pershing’s currency markup can sting more than what some newer brokers charge. To cut costs, wire USD directly from your bank; Pershing will credit the full USD amount and skip the extra conversion step.
- Wrong account type? Pershing supports traditional IRAs, Roth IRAs, and taxable accounts. If you’re funding for a minor, a custodial Roth IRA is usually the best bet—earnings grow tax-free and qualified education withdrawals stay tax-free too.
How to keep deposits hassle-free going forward
- One login to rule them all: Ask your advisor to add Pershing-backed accounts to your existing login so you never get dumped onto a separate portal. Pershing’s API supports SSO with most major custodians as of 2026.
- Set it and forget it: In your provider settings, turn on a monthly ACH transfer of at least the minimum required to keep the account active; Pershing doesn’t charge for ACH deposits.
- Stay ahead of fee surprises: Pershing’s 2025 fee schedule is still in effect for 2026, but custodians can tack on extra charges. Check your provider’s “Fee Schedule 2026” page every January to dodge any unwelcome surprises.
- Balance check shortcut: Keep Pershing’s investor line on speed dial: 201-413-3333. You can also pull balances directly from BNY Mellon’s investor site by typing in your Pershing account number.
