- Individual funding is depositing or withdrawing of funds to/from a single brokerage account.
- Bulk funding is depositing or withdrawing of funds to/from many brokerage accounts owned by different users on the platform. Bulking is the aggregation of all deposits, withdrawals to be settled to or away from DriveWealth. To learn more about bulking, see here.
- Cashless accounts is a way for partners to seamlessly move cash between customer brokerage Accounts and their originating banking sources without requiring customers the step of depositing and withdrawing money. To learn more about cashless accounts, see here.
Each of these implementations, do have the ability to offer instant buying power. Instant buying power is the ability to buy securities on funds that are in flight to the brokerage account.
It can be quite hard to visualize funding flows, please review and download here.
Updated 3 months ago