Webull is an excellent option for your investments. It has a simple platform for those looking to invest and have experience in the field and those new to this successful world.
One of the recurring questions is whether Webull accepts Chime for your transactions. Many people keep their savings in a Chime account and want to make direct transactions between the two accounts to start investing.
Does Webull accept Chime?
No, although it was an available option a few months ago, now a message indicates that “this bank is incompatible; try another one.” Many users have complained about the situation, explaining that they had been able to do the procedure without inconveniences some months ago.
Currently, there is no official notification from either of the two platforms. But what is certain is that it is no longer possible to link your Chime account and those who had it linked can no longer make transactions with it from Webull.
So how can I add funds to Webull?
Although using Chime to make your deposits is no longer possible, you still have other alternatives. To make deposits, access your Webull account through Webull’s online platform and log in. On the main page, you will find the “deposit” option.
You will see the linked accounts and the option “add bank” you can click there and add the data there. You will know from which banks you can receive deposits. After linking both accounts, go to your bank account and do the same procedure; add the amount you want to transfer, and that’s it.
From Webull, you can also send money to other bank accounts with this option. You can make transfers up to $50,000 per day.
How to get an account?
To get your Webull account, you need to upload proof of identity; this can be your SSN, passport, driver’s license, or national ID card. The process is completely online and takes no more than 10 minutes.
The steps are simple: go to the webull.com online page and select the account you want to open. You can choose between different types and see them on the platform’s home page.
You will see the form where you must add your personal information such as name, address, date of birth, nationality, employment, and all the information required to validate your identity.
The next step is to scan and upload your proof of identity; you must ensure that all the information is displayed correctly. When all the information is confirmed, do a final review and sign the virtual contract that you are sent with the terms and conditions of use of Webull.
Now you can log in to your account and transfer the minimum deposit. Depending on the account decided, the amount varies.
How long does it take to approve your account?
The platform must validate all your information, which will take approximately one hour to complete. Depending on the case, it may take longer; if it takes longer, it is because some information is wrong or because the experts cannot verify your proof of identity.
María Laura Landino is a journalist who graduated from Boston University with more than four years of experience in the financial sector. He has been responsible for several research papers published by major universities.
Content Manager of allaboutgroup company. You will find me in job and Finance sections.