How do I set up a PayTo agreement?

First Time PayTo Users:

Please follow the steps outlined below for your first time deposit:

1. Tap the Webull icon in App or “Transfer” tab on Webull website

2. Select “Deposit”

3. Choose “AUD”

4. Select “PayTo”

5. Select your bank from the dropdown list. Enter your BSB, Account number, and deposit amount, then click ‘Submit’.

6. Upload a valid bank statement or proof of account dated within 6 months displaying: Full name of the account holder, BSB code, Account Number, and the Bank Name.

7. You will receive a payment agreement request in your banking app. Please log into your online banking and approve the payment agreement within 15 minutes.

8. Once you have approved the payment agreement and the account ownership has been verified by our team, the funds will be transferred from your bank account to your Webull account*.

Note: Please note that not all banks and account types support PayTo payments. For any queries, please contact your bank directly.

*First time verification may take up to 24hrs, processed during Australian business hours.