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 .
In order for a deposit to be booked in the Alpaca account the registration on the bank account needs to be similar to the Alpaca account.
Customers initiating an ACH deposit can now trade almost instantaneously when depositing less than $1,000.
Refer to the links below for instructions on linking your bank account: