How to Initiate a Deposit
Use the Transfer Funds button in the Double app at any time to transfer funds into your account. Double currently only accepts deposits of funds via ACH or Wire transfer. We do not accept checks. If a check is received, we will destroy the check and notify you.
Deposit Limits
Double requires an initial deposit of at least $1,000 into the account. Subsequent deposits can be as low as $10. The initial deposit minimum is determined by Strategies with non-zero target weights in your Portfolio. Let's look at two examples:
If your portfolio was targeting 100% US 100 (min. investment $2,000), the minimum initial deposit would be $2,000 to ensure you are correctly exposed to the underlying ~100 holdings.
If your portfolio was instead targeting 50% US 100 (min. investment $2,000) and 50% Equal MAMAA (min. investment $30), the minimum initial deposit would be $4,000 to ensure your US 100 strategy can achieve it's required minimum investment.
ACH deposits via a connected Bank Account have a daily limit of $50,000, regardless of the number of deposits made. For example, two separate deposits of $20,000 and $30,000 on the same day would be accepted but any more would not be. If you want to deposit more than $50,000 daily, you will need to initiate a wire transfer.
Wire Transfer Information
Provide your external bank institution with the following wire instructions to transfer funds into Double.
Recipient Details
Name | Apex Clearing |
Address | 350 North Saint Paul Street Suite 1300 Dallas, TX 75201 |
Memo or Message to Recipient (e.g. For Further Credit, For Benefit Of) | "Your Name" and "Your Account Number" with Double |
Please confirm that "Your Name" in the memo line exactly matches the name on your Double account.
You can find your Double account number on the Deposit > Wire transfer page
Bank Details
ABA Routing Number | 071000288 (for non-domestic wires use SWIFT/BIC Code HATRUS44) |
Account Number | 3713286 |
Bank Address (if needed) | BMO/Harris Bank 9th Floor Center Chicago, IL 60603 |