International Account Funding Methods

Two Funding Methods For International Accounts

As an international customer, you have two methods to fund your account

International customers have two funding methods. Both funding methods must be made in USD and cannot come from a third party. tastyworks does not provide any currency conversion services. The two most common funding methods are:

  1. Bank wire
  2. CurrencyFair
ACH relationships are only available for international customers that own a U.S.-based bank account. ACH relationships cannot be linked to an international bank accounts, TransferWise accounts, or Revolut accounts.


List of countries that CurrencyFair can accept registrations from

Anguilla, Aruba, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, French Guiana, French Polynesia, Germany, Greece, Greenland, Guadeloupe, Hong Kong, Hungary, Iceland, Ireland, Isle of Man, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Norway, Poland, Portugal, Reunion, Romania, Saint Barthelemy, Saint Helena, Saint Martin (FR), Saint Pierre and Miquelon, San Marino, Singapore, Sint Maarten (NL), Slovakia, Slovenia, South Africa, Spain, Svalbard and Jan Mayen, Sweden, Switzerland, United Arab Emirates, United Kingdom. Wallis and Futuna.


Additional Currencyfair support can be found here.


CurrencyFair presently supports the following 17 currencies when sending in money to your account: AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD   

Please note that tastyworks can only receive funds in USD.  

 

How long does it take?

About 3-5 business days after initiating the transfer

Fund transfers from international sources can take 3-5 business days to post in your tastyworks trading account after initiating the transfer from your bank via wire or via CurrencyFair.


Can I deposit money using TransferWise, Revolut, or XE Currency?

Deposits cannot be made using TransferWise, Revolut, or XE Currency

Currently, the only money transfer service our clearing firm accepts is CurrencyFair. Any deposit sent with TransferWise will be rejected and returned. Rejected deposits are potentially subject to a $30 reversal fee issued by our clearing firm. To avoid any reversal fees, we suggest using CurrencyFair or bank wire to deposit funds.


Other funding methods not allowed

In short, any non-traditional banks aside from CurrencyFair are not allowed

Other funding methods such as Western Union, MoneyGram, PayPal, Payoneer, debit cards, and credit cards are not valid funding sources that our clearing firm will accept. To fund your account we strongly suggest using a traditional bank wire or CurrencyFair.