The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides industry-leading solutions to safeguard the world’s financial markets. The Depository Trust Company (DTC), DTCC’s central securities depository subsidiary, provides depository and book-entry services and operates a securities settlement system. The DTCC Participant Number (also referred to as the DTC Number) is used to facilitate transactions between financial institutions. You may be asked for a DTCC Participant Number when linking an existing IRA Custodian in order to transfer funds to your newly opened IRA on Ark7.
If your current IRA Custodian is eligible for ACATS (Automated Customer Account Transfer Service), they will be able to provide their DTCC Participant Number.