TD Ameritrade offers instant account funding with Apple Pay
Online brokerage TD Ameritrade has found a way to let customers instantly fund their brokerage accounts by using Apple Pay and their debit cards.
The Omaha-Nebraska-based company says the new service will eliminate delays investors usually encounter while funds are verified for a new account.
TD Ameritrade's Sunayna Tuteja says using technology can help streamline the process for investors.
TD Ameritrade clients will be able to deposit up to $10,000 a day in their brokerage accounts using their debit cards and Apple Pay. Credit cards aren't allowed.
TD Ameritrade officials say the delays when funding a new account are a common complaint.