Introduction

Webull currently offers two methods to deposit your funds: ACH and Wire transfer. If you want to receive your deposit faster, the wire transfer is a better choice; if you want to avoid a transfer fee, the free deposit transfer, ACH, is more appropriate.

We are now introducing a third method: PayPal! With PayPal, it only takes 30 minutes to transfer your funds. How does it work? Let's dive in!

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What is PayPal?

PayPal is a fast, reliable, and secure platform in which you can store and transfer money, as well as complete purchases. It is globally recognized as the most popular e-wallet, and the strong AML restrictions provide security for investors. Additionally, the low risk for reversal can protect you from the reversal fee.

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ACH vs Wire vs PayPal

Every method has its advantages. Please see the pictures below to learn more!

Deposit

Withdraw

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Tips:

• Please upgrade your mobile to v8.2.8 or above to experience the feature.
• If you initiate a fund transfer during holidays or weekends, you will receive the funds within the next business day.
• If you initiate a transfer after 4:45 pm, you will receive the fund within the next business day.
• There is a withdrawal holding period. If you deposit funds via PayPal, your deposits must stay in your account for a minimum of 5 business days.
• Currently only supported by brokerage accounts in US
• Credit cards linked to PayPal cannot be used to transfer funds

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FAQs

Q: What is the fee for depositing and withdrawing via PayPal?

A: Deposits: 0.05% of deposit+ $0.35. Withdraw: 0.035%*Withdrawal Amount+$1.1755.

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Q: What if I only have a credit card linked to my PayPal account?

A: The PayPal account can still be linked, but deposits from that PayPal account will fail. The PayPal wallet MUST have a linked bank account.

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Q: Is this available to foreign and domestic investors?

A: No, this method will only work for domestic investors with domestic accounts.

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Q: Is there any day limit with a deposit or withdrawal?

A: Yes, the default limit is $50,000 for both deposits and withdrawals.

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Q: Can I have more than one PayPal account linked to a single brokerage account?

A: No, the limit is one PayPal account per brokerage account.

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Q: Do PayPal deposits get held from being withdrawn like ACHs?

A: Yes, our clearing firm will currently hold PayPal deposits for 5 days before allowing the funds to be withdrawn. While there will be fewer returns with PayPal deposits compared to ACH deposits, there can still be some returns, so we have a 5-day hold to minimize risk to our clients.