TD Ameritrade offers instant account funding with Apple Pay

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OMAHA, Neb. (AP) -- 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.

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