On the homepage, click on the 'Deposit cash' below 'Net Worth' on your iOS or Android App.
Type in the amount depending on the currency selected then click 'Next'.
Choose your preferred funding option and follow the on-screen instructions.
Deposits reflect instantly in your Paasa wallet but may take up to 1 hour.
You will receive an email notification once the deposit is reflected in your wallet.
For India
Paasa enables you to fund your brokerage account directly by making a USD wire transfer (via ACH, international wire or domestic wire).
When a wire deposit is made to this account, your stock buying power is credited and you can use the amount to buy stocks/ETFs.
It takes 1-4 business days for the funds to reflect.
Only Paasa users with active brokerage accounts can use this option.
There is no deposit charge for this option. However, your bank's transfer charges may apply.
Funds must be sent from an account in your name. Money deposited from bank accounts not in your name will not be honored and will be rejected.
There is a holding period of 30 days before you can withdraw funds that were deposited via wire transfer. This means that after the deposited funds reflect in your brokerage account, you will not be able to withdraw these funds for 30 days. You can read more about this here.
Once the deposit has been processed within 1-4 business days, you can find the funds in your Buying Power by clicking on 'US Stocks' on the app homepage and then clicking on 'Breakdown'.
Important points to note when making a deposit
To prevent a Freeriding violation, you will not be able to sell a stock or ETF you bought on Paasa with a new deposit until it settles in 1-2 working days. You can read more about this here.
Withdrawals to a USD account have a $45 fee. The minimum withdrawal amount to a USD account is $500.