Managing My Recurring Deposit Plan

Recurring deposits can be set up for individual cash, individual margin, and IRA accounts. This feature lets you schedule automatic deposits into your brokerage account or contribute to an IRA, removing the need for manual deposits each time you plan to fund your account.

How do I start a recurring deposit plan?

Please use the following instructions to start a recurring deposit plan on the Webull mobile app:

App:

1. Tap the Webull logo (bottom center) and select your account.
2. Select Transfers ➝ Recurring Deposit ➝ Initiate a Schedule.
3. Ensure that the correct bank account is linked to the deposits.
4. Enter the desired amount for the deposit plan.
5. Select a schedule that determines the frequency of the deposits (e.g., daily, weekly, monthly).
6. Review all the information to ensure it is accurate.
7. Tap Confirm.

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 ➝ Recurring Deposit Plan.
3. Select the recurring deposit plan you would like to manage.
4. Tap Confirm.