Is a deposit on Webull instant?
Asked 3 years ago
I'm about to deposit money into my Webull cash account and I'm wondering how many days it will take before I can use the funds? Does Webull perhaps offer instant buying power? How does it work?
Osasere Okunloye
Wednesday, August 18, 2021
It isn't. It takes about five business days before the transfer is complete. However, they give you provisional cash to make instant purchases, before the transfer is complete. The maximum provisional cash depends on your deposit account, account type, cash balance etc. The limit is usually $1000 for a newly funded account.
Andrew Moran
Thursday, August 19, 2021
No, the ACH deposit is not instant.
When depositing funds, it typically takes up to five business days. Also, when you are depositing funds through ACH, the money must stay there for seven days, which is the minimum withdrawal period.
If you are doing a wire transfer, it can take two to three business days. If you are adding funds through an ACH credit or debit card, it can take several hours for the funds to arrive in your trading account.
That said, Webull will give you $1,000 in instant buying power while the money settles. This allows you to begin trading right away.
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