If you want to consistently invest or add funds to your brokerage account without manually transferring money every time, Webull allows you to set up recurring deposits directly inside the platform.
This feature automatically transfers money from your bank account into your Webull account on a schedule you choose — making it much easier to stay consistent with investing.
Below is a quick overview of how to set this up.
Step 1: Open the Deposit Menu
Log into your Webull account on either desktop or mobile.
On the desktop platform, look for the “Deposit” button located near your Day Trade Buying Power. Click this to open the funding options.
Once inside the deposit page, scroll down until you see the Recurring Deposit section.
Step 2: Verify Your Account
Before creating a recurring deposit plan, Webull may ask you to verify your account.
After verification, you’ll be able to create and manage automatic deposit plans.
Step 3: Choose Your Recurring Schedule
Webull currently allows four different recurring deposit frequencies:
- Daily
- Weekly
- Bi-weekly
- Monthly
Choose the schedule that best fits your finances.
For example, many investors prefer a monthly deposit after bills and expenses are paid.
Step 4: Select Your Bank Account
Next, choose the bank account that you’ve previously connected to Webull.
You’ll then select the destination account inside Webull (for example your cash account or margin account).
Step 5: Set the Deposit Amount
Enter the amount you want to automatically transfer.
Example:
You could set a $100 monthly deposit to steadily add funds to your investing account.
Step 6: Choose the Deposit Date
Select the day the deposit should occur.
If the scheduled day falls on a weekend or market holiday, Webull will automatically process the transfer on the next business day.
Step 7: Review and Confirm
Finally, review the details of your recurring deposit plan and confirm it.
Once activated, Webull will automatically move funds from your bank account into your brokerage account according to the schedule you selected.
Why Use Recurring Deposits?
Recurring deposits make it easier to stay consistent with investing and avoid forgetting to fund your account.
Some common uses include:
- Automating monthly investing
- Building long-term investment habits
- Dollar-cost averaging into the market
- Funding trading accounts consistently
Watch the Full Step-by-Step Tutorial
If you want to see exactly where to click and how to set this up inside the Webull platform, watch the full walkthrough below.