What is eDDA?

eDDA refers to electronic Direct Debit Authorisation. You are authorised to initiate an eDDA instruction to set the maximum amount, date range, and preferred account.

eDDA can be initiated via your bank or the Webull App. If you are setting up eDDA via the Webull App, we accept eDDA transactions from the banks listed below.

List of Banks:

1. Development Bank of Singapore Ltd (DBS)

2. Post Office Savings Bank (POSB)

3. United Overseas Bank (UOB)

4. Oversea-Chinese Banking Corp. (OCBC)

5. Standard Chartered Bank (SCB)

6. Maybank

7. Bank of China (BOC)

8. The Hongkong and Shanghai Banking Corporation Limited (HSBC)

9. Industrial and Commercial Bank of China (ICBC)

10. Citibank

11. Maribank

After linking your bank account to Webull, you can make direct SGD deposits through the Webull app. Your bank account will be automatically debited, and the funds will be credited to your Webull account.

Benefits of eDDA:

• No Fees: Link your bank account and deposit funds via eDDA without any extra charges.

• Quick and Efficient: Begin an instant deposit as soon as your bank account is linked online. Your funds will be credited to your Webull account within minutes.

• Easy: Make instant deposits directly through the Webull app without the need for bank statements or additional paperwork.