When initiating a deposit into your Webull brokerage account, Webull allows you to deposit funds in 3 ways:
(1) electronic Direct Debit Authorisation (eDDA)
(2) Fast and Secure Transfers (FAST)
(3) Telegraphic Transfer (TT).
In this lesson, we show you how you can deposit funds via TT. TT allows you to deposit funds into your Webull brokerage account in an extensive range of currencies. However, you may incur administrative charges from your bank for deposits made via TT.
Step 1: Tap the Webull logo at the bottom of the screen
Step 2: Tap “Transfers” at the top of the screen
Step 3: Tap “Deposit”
Step 4: Tap “Telegraphic Transfer (TT)”
Step 5: Select Deposit Currency
Step 6: Copy Transfer Info
Copy the recipient’s info and transfer the funds from your selected overseas bank account.
Step 7: Tap “Notify Webull of Transfer Completion”
This notifies Webull when you have completed your transfer of funds via TT.
Step 8: Fill in your fund transfer details
You are required to upload a screenshot as a Proof of Transfer of funds for each deposit via TT. As mentioned above, you may incur administrative charges from your bank for deposits made via TT.
Step 9: Tap “Submit”
Step 10: Deposit Request Review
Deposits made via TT will typically be processed and reflected in your Webull brokerage account within 1 to 3 business days after the transaction is confirmed.