1) Link limit: For a new bank account, verification is needed before cash can be transferred. Each Webull account can be linked with only one bank account.
2) Fees: ACH transfers are free. However, failed deposits will be charged a $30 reversal fee by our clearing firm. Deposits could fail for many reasons, such as insufficient account balance or wrong routing number.
3) Transfer limit: A maximum of $50,000 can be deposited into your Webull account per day.
4) Timing: Each transfer takes 4 - 5 trading days to complete. However, after a deposit you will get provisional credit with buying power so you can start trading right away.