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:
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.
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?
Deposits cannot be made using TransferWise
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.
Can I deposit money using Revolut?
Deposits cannot be made using Revolut
Similar to TransfeWise, the only money transfer service our clearing firm accepts is CurrencyFair. Any deposit sent with Revolut will get 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.