1. Link your bank account
Futu Inc. integrates with Plaid to link your bank account. You have two ways to link your bank account.
- Instant Match. Enter your username and password, choose the type of account you would like to link (we suggest Checking account). Once verified, your account is linked immediately. Some of the banks may require multi-factor authentication, if you can't receive the code, please contact your bank.
- Manual Match. If you can't find your bank in the bank list, you can add it manually. Enter your account number and ABA Routing number, you will receive two micro deposit in your bank account within two days. Enter the amounts in App, your bank account will be verified and linked.
- Futu Inc. does not accept a 3rd-party bank account, so please make sure you have linked Your bank account.
- Futu Inc. does not accept a joint bank account.
2. Initiate a deposit
Once you link your bank account, you can submit a deposit. Please follow the steps:
1. Submit the deposit
2. Futu Inc. will need to complete the account verification process
3. Futu Inc. will initiate the deposit from the bank
4. You will be granted instant buying power so that you can trade immediately.
- The maximum amount per transaction is $5,000, but you can initiate several transactions.
- It is normally very quick to verify the bank accounts, for some cases, you might be required to upload your ID photos to complete the process.
- You will receive up to $1,000 instant buying power, your limit of instant buying power will be increased up to $2,000 based on your current net asset value.
3. Deposit settles
Normally it takes about 5 business days to settle, some might take about 2-3 business days. Futu Inc. keeps improving the risk control system to settle more funds in a faster way.
Time to settle sample：
The time of initiating from the bank: Monday before 17:00 EST,
The time to settle: Friday before 10:30 EST.
The time of initiating from the bank: Monday after 17:00 EST,
The time to settle: Next Monday before 10:30 EST.
Due to AML policy, each ACH deposit will be restricted from withdrawal for 4 days after settlement.