 Bank transfer So money geeks mr. V here welcome to the video guys so in today's video I want to show you how to transfer money from your bank account to a webo platform so that you can start investing So a lot of people when you sign up for webo They give you the option to actually move money from your bank account over to webo So there's two ways you can go about it so you can either do what they call a CH transfer Which is free or you can do a wire transfer which is going to cost you money Sometimes from like 25 dollars all the way to 75 dollars. So a lot of people You know usually do the ACH which is what we're going to go through today in webo So but before we get started guys if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button any notification bell, too You don't miss out a new content. So Once you open your account in webo before you even start you start trading a knowledge of ask you to hey You need to put money in the account of trade so Three three things you can possibly do right? You need to deposit money which you like I say you can do treated ACH number two is that you can do a wire transfer which is faster You get your money the very next day You can use that for trading or if you don't if you have stocks with other companies You have assets with another company. Let's say Robin Hood You can just request that those asset get migrated into your webo account So I did a video on how to move your stocks from Robin Hood to webo I'm gonna hook that up here so you can definitely go check it out There's another video that I actually did too on for for people coming from M1 finance So how to move your stocks from M1 finance to we both so I'm gonna hook that video here So you can definitely go check it out as well But in today's video is very simple. How do I move money from my bank account to webo? So let's jump in and actually take a look and see how that works. So basically once you log into your webo account You come in here on the homepage where I want you to go is what says? Deposit if you click on deposit, it's gonna bring up the platform here So one or two things so if you have never done any deposit This is where it's gonna ask you to You know, maybe start linking your information. So in my case, I do have an account that I've linked here But if I wanted to change your account so like here I can click on the change It's gonna tell me if I want to change the account So and then I can go in in here. It's actually telling you give you some recommendations So checking account is recommended not savings account So this talk about your savings account has limitations because in some cases some savings account You have the you're only allowed to do maybe about six transactions a month Which is like withdrawing money from the account. You can only do six a month That would be an example of the limitations and this type of transfer that we're doing here is a CH transfer I'm not doing wire transfer But I'm gonna show you guys where to go if you want to do wire transfer and then And then you want you to identify yourself So in this case if you have like an if you do online banking it makes your life a lot easier So you have what you call real-time verification. So here on that real-time verification You can directly look into that bank account and they can verify you right there instantly and you can request a transfer Right there the other option that you want to do too is you can do so if you do so real-time verification Is stuff that you do it instantly so we can so you go in you you decide in this case We both gonna connect to the account that you want if I click continue here We was gonna ask me to choose which Bank I'm using so in this case. I don't see what I like here. So I can say capital one If I can spy capital one here What's capital one there we go? So you see it brings up my information So you're asking me to put my username and password so if I if I input that information it would give me Write the authentication so I can start withdrawing money But in this case I already have that associated with my with my account So I don't want to do that The other option that you can do to here is you could do what I call micro deposit So in this case, they would actually deposit some money to your bank account to verify that it's actually you so you would require Information like your routing number which you can get from your your check You're a bank account number also which you can get from your check They're gonna need that information Once you input all that information You choose if you wanted to if it's a check-in account or sevens account And then they're gonna send those micro deposit and usually takes about two business days And then when they send a deposit you have to come back in here and input what was sent to you So this is something like 32 cents and maybe 68 cents that makes a dollar they do come in here and put that information or 28 cents and Maybe 72 cents, you know, you come in here input that information and then just click next And then get verified and that account is linked. So let's go back here. So again, like I said, you have those two options I prefer the real time verification, especially because I do a lot of online banking So I do have access to my online and I it feels secure and it's secure because I've used it I haven't had any problems today. So that's so there we go back here So once you have that information you your account has been linked Everything is good to go and then you can come in you can decide how much you want to transfer from your bank account to here So in my case, I can say I want to transfer a hundred dollars from my bank account to we both so I can start using that for trading So once I input the amount and I feel comfortable that this is what I want and just just so you know So we both says once you put in a transfer and that transfer gets canceled What happens is that we both going to charge you a fee so they charge it up to about $30 for reverser So let's say you say you want to transfer $2,000 and you only have $200 in your bank account. You can have a reverser So we was going to charge you $30 for that reversal just so you know I just want to make sure that I bring that up in this case I input my amount that I want to transfer and I click transfer to we both and then I'm gonna get Notification is going to show them it's pending and then the way we both does it is that they're gonna give you In most case, they give you half of what you transfer. So in my case, I'll get $50 Upon initiating a transfer and then I'll get $50 when the transfer is actually settled in clad in my account So which is awesome. So now for people that want to do a wire transfer So if you if you were if you're thinking of doing a wire transfer Very just at the bottom and the screen here so you can see it says deposit by wire So if I click deposit by wire that brings it up So we both gives you your bank information where they want you to send that money So you go to your bank your bank would you know send the money to we both information So they use BMO Harris Bank in Chicago. They give you a routing number. They give you a swift code and all that good stuff and then You would give that to your bank don't input that information They once they input information that money will go over to we both and that usually takes about two business days So it's really really fast. So if you're looking like hey, I want to get done with this real quick And then definitely go with The wire transfer otherwise Maybe four to five business days for the not the ACS to to clear So at this point I say transfer to we both and it would show you here that you're depositing this You look at hey, this is what I want and they give you that warning that if you don't have that money You have a reversal dope. They're gonna charge you and I say yes I want that you say confirm and then it submits that money that Requests in my case right now submitting and that's it. So right now. I've initiated a transfer of a hundred dollars from my Bank account to my we will count and then you know You have the option of making another deposit or you can view the details of your deposit and again There's the details of my deposit that status is pending because it's still being processed So and then I have the option to to see here at the bottom I have the option to cancel that particular transfer. So there you go. Yeah, that's basic on how you can actually transfer Money from your bank account to we both again just a recap here You have two ways of doing it You can either transfer using a CH which takes about three to five business days Or you can do a wire transfer We takes about two business days, but comes with a fee between 25 and 75 dollars So you decide which one works for you or you can just open your account and then decide that you want to Transfer your stocks from let's say Robinhood or M1 finance or which other platform to webo That's another way that you can use to Funding your account. So let me know in the comment section guys. Which one did you do a CH or wire transfer? Let me know. I personally like a CH just because It's easy. I don't have to go to the bank. I can do that from the comfort of my house. I can authenticate myself I don't have to wait two days before Getting the micro deposit in the account. So I really do like that Again, if you're watching if you have already subscribed to my channel Just go ahead and give that thumbs up and hit that subscribe button because that tells YouTube that you actually enjoy the content And it helps the channel grow and as always guys stay motivated