Q - How do I fund my Alpaca account?
Currently, for U.S. residents, Automated Clearing House (ACH) deposits/transfers from a linked bank account is the default method available to fund your Alpaca Account.
If you are a non-U.S. resident, today's invite-only beta program supports international wire only and does NOT support TransferWise or Revolut option, but supports an international-wire only. ACH does not work with a bank account outside the US.
We do accept wire-transfers case by case basis when there are specific reasons that ACH does not work. Please contact support if you are eligible to do a wire-transfer.
Q - How does ACH work at Alpaca?
Prior to initiating an ACH deposit/transfer, you must have a bank account linked to your Alpaca Account. Alpaca utilizes Plaid, a third-party vendor for bank account authentication and identification services. Please note that maximum ACH transfer allowed is $50,000 per day.
Plaid utilizes two methods for verification of banking information, dependent upon the availability of your financial institution. Many major banks integrate with Plaid, allowing for quick electronic verification and funding of your account. However, in some cases verification must be completed through micro-deposits, which typically takes between 1-3 business days.
Refer to the links below for instructions on linking your bank account: