Note: Firstrade does not accept transferring funds to and from money transfer services such as Revolut, PayPal, Western Union, Passbook by Remitly, CurrencyFair, etc.; only using U.S. bank accounts such as checking or savings accounts is accepted.
Mobile App
Tap the Account icon in the bottom right corner.
Tap Deposit/Withdrawal.
Tap Setup Now.
Select your bank from the list. If your bank is not listed, select Other banks to continue.
Enter your online banking username and password.
Select the account you would like to link. We recommend linking a checking account rather than a savings account to avoid potential transfer reversals.
Enter a nickname for your account and an initial deposit amount (optional).
Check the box to agree to the terms and conditions and hit Submit to complete your ACH setup.
Web
Login to your Firstrade account.
Go to Accounts → Deposit/Transfer and click the tab Bank Profile.
Click on Setup a Bank Profile.
Request and enter the verification code.
Select your bank and click Continue.
Enter your online banking username and password.
Select the account you would like to link. We recommend linking a checking account rather than a savings account to avoid potential transfer reversals.
Check the box to agree to the terms and conditions and hit Submit to complete your ACH setup.
ACH (Electronic Funds Transfer) Availability
Most Firstrade accounts are eligible to set up ACH transfers, with the exception of Simple IRAs, SEP-IRAs, Beneficiary IRAs, and Investment Club accounts.
For Individual, Joint, IRA, ESA, or Custodial accounts, an ACH bank profile can be established online; please log in to your account, then go to Accounts > Deposit/Transfer > Bank Profile to get started.
Important notes:
ACH deposits to Education Savings Accounts (ESA) can be submitted online. However, withdrawals must be requested using the ESA Distribution Form, available in our Form Center.
You may be asked to complete additional verification when linking a joint bank account to an individual Firstrade account.