eDDA and deposit Q&A

1、eDDA and deposit fee?

No authorisation and deposit fee will be charged on eDDA.

2、 What will happen if I initiate an eDDA deposit when the bank account has insufficient funds?

When the eDDA deposit fails due to insufficient funds in the bank account, the bank will charge handling fee for this action, the specific amount will be subjected to the bank charging fees. Please make sure there are sufficient funds in your bank account when initiating a deposit.

3、How long will it take for the eDDA application to be approved?

After the authorization application is initiated, the bank will generally conduct the review within 5-7 working days. After the review is approved or rejected, the corresponding push message and email notifications will be sent to you.

4、eDDA deposit time

7x24 hours, except for Hong Kong stock trading days from 16:00 to 19:30, eDDA deposits are not allowed

5、Estimated arrival time of the eDDA deposit

Estimated arrival time 1 minute at the soonest

6、If eDDA failed, can I register with the same bank card again?

Yes (However,there will be limits on the registration with the same bank card)

7、What currency does eDDA deposit support?

Only support Hong Kong dollar

8、If the authorization has been completed, is it possible to cancel the authorization?

Yes, you can cancel the eDDA, however you may need to send a request to your designated bank in order to do so.

Tips:

1. The account name of bank used for payment must be the same as the account name of Webull Securities Limited.

2. It takes time for the bank to process the remittance request, and the bank's notification of "remitted" does not indicate that Webull Securities Limited has received the funds. The funds need to be settled and approved after arriving at Webull Securities Limited .

3. Webull Securities Limited may refuse the deposit of funds from some special channels (including third-party payment service providers, overseas banks and money exchanges) to protect the safety of your funds and for other compliance reasons. After the refusal, Webull Securities Limited will notify the relevant customer to return the funds via the same channel. Some special channels may deduct the refund fee from the remittance amount. Please deposit funds with a bank account currently tied to the system.