Individual Funding

🚧

💵 Accepted Currencies

DriveWealth only accepts United States Dollars (USD) for deposits and withdrawals.

Customers can fund or withdraw from their brokerage accounts through two primary methods: ACH (Automated Clearing House) transfers and Wire transfers. Each method offers distinct benefits depending on the customer's needs for speed, cost, and convenience.

🔁 ACH Transfers

Overview: ACH is a widely used method for electronically moving money between bank accounts within the United States.

Processing Time: Typically 4-5 business days.

Fees: Generally low or no fees, depending on the bank. DriveWealth charges a $0.25 fee for outbound ACH transfers

Eligibility: Requires a linked U.S. bank account.

⚡ Wire Transfers

Overview: Wire transfers provide a faster way to move funds electronically between financial institutions.

Processing Time: Same business day if initiated before the bank's cutoff time; otherwise, next business day. For Outbound wires, DriveWealth processes these same day if requested prior to 5PM ET.

Fees: Typically higher fees, which vary by bank. DriveWealth charges outbound WIRE transfer fee for each individual wire.

Eligibility: Requires accurate wiring instructions, including customer's Virtual Account Number details.