Recurring Deposits

Recurring deposits allow you to schedule automatic transfers into your individual cash, margin, or IRA account, so you don’t need to initiate each deposit manually.

• Up to four active recurring deposit schedules are allowed per account.
• Each deposit must be at least $1.
• Funds will be debited on your selected day and typically settle in 3–4 business days.
• IRA accounts support recurring contributions.
• Plans will be canceled automatically if there is an ACH deposit freeze or restriction on the account.

How do I start a recurring deposit plan?

Please ensure to have a bank account linked via ACH to continue using the following instructions to start a recurring deposit plan. To link your bank account please visit Linking Your Bank.

App:

1. Tap the Webull logo (bottom center) and select your account.
2. Select Transfers ➝ Manage Recurring Deposit.
3. Choose the frequency of the transfer.
4. Enter the desired amount for the deposit plan.
5. Review all the information to ensure it is accurate.
6. Tap Set Recurring Plan.

Desktop:

1. Hover over the icons on the left and click Account (if hidden, click on More).
2. Select Deposit. This will guide you to the Transfer Money page on the web browser.
3. Select Recurring Deposit on the left under Transfer Money.
4. Choose the frequency of the transfer.
5. Enter the desired amount for the deposit plan. Select the day if applicable.
6. Review all the information to ensure it is accurate. Click Review ➝ Set Recurring Plan.

Web:

1. Navigate to My Account.
2. Select Recurring Deposit on the left under Transfer Money.
3. Choose the frequency of the transfer.
4. Enter the desired amount for the deposit plan. Select the day if applicable.
5. Review all the information to ensure it is accurate. Click Review ➝ Set Recurring Plan.

Lite Mode:

1. Tap the Invest page (Chart icon) in the bottom left.
2. Select Banking & Transfers.
3. Choose the frequency of the transfer.
4. Enter the desired amount for the deposit plan.
5. Review all the information to ensure it is accurate.
6. Tap Set Recurring Plan.

How do I view, modify, or cancel an existing plan?

Please note that the frequency of a recurring deposit plan cannot be modified. To change it, you must cancel the existing plan and set up a new one. Ensure that your linked bank account has sufficient funds to prevent transfer reversals and potential account restrictions.

For help viewing, modifying, or cancelling your plan, please use the following instruction:

App:

1. Tap the Webull logo (bottom center) and select your account.
2. Select Transfers ➝ Manage Recurring Deposit.
3. Use the Pencil icon next to the current amount to modify the amount or tap the top of plan's tile to view details, modify, or cancel the recurring deposit.
4. Tap Modify Recurring Amount to modify the recurring deposit amount.
5. Tap Cancel to terminate the Recurring Deposit in advance of the next payment.

Desktop:

1. Hover over the icons on the left and click Account (if hidden, click on More).
2. Select Deposit. This will guide you to the Transfer Money page on the web browser.
3. Select Recurring Deposit on the left under Transfer Money.
4. Use the Pencil icon next to the amount to change the amount or tap the top of plan's tile to modify the plan.
5. Choose Modify to change amount.
6. Select Cancel to terminte the plan.

Web:

1. Navigate to My Account.
2. Select Recurring Deposit on the left under Transfer Money.
3. Use the Pencil icon next to the amount to change the amount or tap the top of plan's tile to modify the plan.
4. Choose Modify to change amount.
5. Select Cancel to terminte the plan.