Ustocktrade must verify your bank account information before any transfers are processed. We have 2 methods available to provide this verification:
Ustocktrade has contracted with Plaid, a service that enables real-time bank account verification. Your account can be verified by entering your online banking credentials in the Plaid screens and clicking submit. Your credentials are used for authentication only and never stored in our system.
This service is available to checking or savings account holders at Plaid eligible banks.
Manual Bank Verification
If your bank is not listed or you prefer to link your bank manually, you can link a bank account by clicking Other Banks. Enter an account nickname, the bank name, account and routing numbers and click submit. You will receive an email with instructions on how to verify your account.
To verify your bank account, we will make two small deposits to your bank account.
You’ll need to:
- Check your bank account for the exact amounts.
- Log into the verification page.
- Enter the deposit amounts.
The deposit amounts will be valid for verification for 3 days. Once your bank account is verified, you can use it for fund transfers to/from your Ustocktrade account.
This process usually takes 1 - 3 business days to verify your bank account.
No Bank Transfer Fees
Ustocktrade charges no fees for successful deposits or withdrawals from a linked bank account. Returned ACH transfers are charged a $20 fee.
Standard bank transfers (deposits and withdrawals) initiated before 6 PM ET on business days from a verified bank account will be available the next business day. (This may vary by bank.)
You can make an initial transfer of up to $1,000 at registration, which will be made available when your account is activated.
You can make a second fund transfer of up to $1,000 after your account is activated, which will be made available in 1 business day.
Example: On Monday a User registers for a new account and schedules a $1000 deposit. The account is activated on Tuesday and the funds are made available. Once activated on Tuesday, the User can make a second deposit for $1000, which will be made available on Wednesday.
Once your initial transfer is cleared (after 3 business days from transfer), you can make transfers up to the next business day transfer limit.
Next Business Day Transfer Limit
Ustocktrade has a dollar limit of $10,000 per transfer. Transfer/s totaling $10,000 will be made available the next business day.
Additional transfers over a total of $10,000 will be made available in your account in 3 business days.
Example 1: On Monday, a user initiates 2 fund transfers of $10,000 each and 1 for $2,000. $10,000 will be made available in the user’s account on Tuesday and $12,000 will be available realized on Thursday.
Example 2: On Wednesday a user initiates one transfer for $7,500 and another for $5,000. $10,000 will be made available on Thursday and $2,500 will be made available the following Monday.