How Munigo works

Hello, thank you for your interest in Munigo. This is how Munigo works:

STEP 1: View our daily selection of bonds

STEP 2: Open an Account

STEP 3: Place an order inquiry online when you see a bond you like

STEP 4: We'll call you to verify and confirm your online order inquiry

STEP 5: You pay for the bonds once the order is confirmed

STEP 6: We will deliver your bonds to any brokerage account in America

Everyday, we offer a limited selection of bonds.

Munigo features a limited selection of bonds everyday.

If you see a bond you like, you can place an inquiry online or call us

Please note: This is not a binding order. This is how you tell us that you are interested in the bonds.

If the bonds are available, you will receive a phone call from us

A Munigo@Lebenthal representative will call you to discuss your order inquiry if the bonds are still available. On this phone call, you will place your order officially and we will confirm the sale to you. If the bonds are no longer available, we will notify you via e-mail.

An account is required to buy bonds

You will need to open an account before you can buy bonds. This will take you 10 minutes to fill out online; after you fill out the form, the account opening will take us 2 hours to process and approve during business hours.

  • Opening an account does not cost anything. There are no ongoing fees. You also do not need to fund the account at the time of opening.
  • If you believe that we might have bonds for you at some point in the near future, we recommend that you open an account. This will ensure that on the day that we offer bonds that you like, you are ready.
  • We recommend funding your account or setting up ACH with your account, which will enable you to directly pay for bonds from your bank account.

Once we confirm the order, you will need to pay for the bonds

You will need to pay us for the bonds within 3 business days. If your order is for more than $25,000 of par value, please review our payment arrangements.

Getting your bonds. Keep it with us or anywhere you choose

Once we receive payment, we can transfer the bonds to any brokerage in America. We can also keep custody of the bonds for you with Pershing LLC, our clearing firm. Pershing is one of the largest clearing firms in the United States. Read more about how your account is protected at Pershing.

Even more on how Munigo works:

First-Come, First-Served

Not all order inquiries are guaranteed to be fulfilled. We operate on a first-come, first-served basis for account holders.

Our minimum order is $10,000 of par value of bonds

This is our smallest transaction size.

About the Account Opening Process

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW BROKERAGE ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, the USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, legal address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license or other identifying documents.

Call us at (800) 650-6864 with questions

Please call us and we will be happy to help you.

Suggestions are always welcome.

We want to build a company that makes bond investing simpler. Tell us what you think.