When you deposit funds into your dub account, you don't have to wait for the deposit to fully process before you can start investing.
The Instant Buying Power is a feature that gives you immediate access to a portion of your deposited funds (up to $1,000) before they fully settle through the ACH process. This allows you to start investing right away without waiting for bank processing times.
How Instant Buying Power Works
When you make a deposit to your dub account, your buying power becomes available in the following stages:
1. Instant Buying Power (Up to $1,000)
- Available immediately after initiating your deposit
- Can be used right away to invest in portfolios
- Subject to our standard verification processes
2. Regular Buying Power
- For deposits over $1,000:
- The remaining amount becomes available the next business day after your deposit
Example: If you deposit $5,000 on Monday, you'll get $1,000 instantly and the remaining $4,000 on Tuesday.
Important Considerations
Potential Risks and Fees
Rejected Deposits:
- If your deposit is rejected by your bank but you've already used the instant buying power to invest:
- You'll need to deposit additional funds to cover those investments
- If you don't, dub may need to liquidate those positions
- A $30 fee applies to your dub account for any reversed ACH transfers
How to Check Your Buying Power
- Open the dub app
- Look at the "Buying Power" section on your home screen
- Tap for a detailed breakdown of available and pending funds
Need Help?
If you have any questions or need assistance during the account opening process, please contact us at support@dubapp.com