Here's how to deposit money to Davy Select

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It's great that you are looking for deposit options at Davy Select to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.

There are several ways to start your journey, let's walk through the options together!

To give you a brief summary: Davy Select is an Irish stockbroker, regulated by the Central Bank of Ireland.

THE ESSENCE:

  • The minimum deposit at Davy Select is $495
  • Davy Select charges $0 for deposits
  • You can only deposit funds from accounts that are in your name
  • Visit Davy Select's page to start the process
  • Davy Select is a reliable broker regulated by at least one top-tier regulator

First, let's see if Davy Select is available in your country?

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Davy Select minimum deposit
Is Davy Select safe?

To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.

Davy Select can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to access your funds.

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Davy Select minimum deposit
What is the minimum deposit at Davy Select?

At Davy Select, the minimum deposit amount is $495.

This means that you have to deposit at least $495 to be able to start trading.

After you have completed the registration and verification process, you need to fund your account to start trading.

This is where you stand in your journey to your first trade at Davy Select

Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.

Pay attention to the inactivity fee though. At Davy Select, there is an inactivity fee, with the following conditions: €50 per quarter, but all commissions you paid are deducted from this amount.

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Davy Select minimum deposit
What base currencies are available at Davy Select?

At Davy Select, the following base currencies are available: EUR, USD, GBP. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

Davy Select minimum deposit
What deposit methods are available at Davy Select?

At Davy Select, the only available option to deposit money to your account is via Bank transfer.

Remember, that you can only deposit funds from accounts that are in your name.

Deposit options Davy Select
Bank transfer Yes
Credit/Debit card No
Electronic wallet No

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Davy Select minimum deposit
Is there any deposit fee at Davy Select?

The answer is no. No deposit fees will be applied at Davy Select.

This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.

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Davy Select minimum deposit
How to deposit money to Davy Select account?

Here's a step-by-step guide:

  • Log in to Davy Select's client area
  • Look for 'Deposit' or 'Funding menu'
  • Choose your funding method
  • Provide the necessary details for the transaction
  • Check if the payment details are correct
  • If you are OK with it, you are ready to proceed
The interface to send the minimum deposit to Davy Select

If you get stuck during the process, you can always reach out to Davy Select's customer support. At Davy Select, customer support can be reached via phone and email.

Davy Select minimum deposit
Wrap-up

It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.

If you have a question or a suggestion, drop us an email to [email protected], and we will get back to you soon.

Author of this article

Tamás Gyuriczki

Author of this article

Tamás holds a bachelor’s degree in Finance and Accounting and is now pursuing his Finance master’s degree. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. In his free time, he likes reading about economics and building his own portfolio.

Tamás Gyuriczki

Junior Broker Analyst

Tamás holds a bachelor’s degree in Finance and Accounting and is now pursuing his Finance master’s degree. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. In his free time, he likes reading about economics and building his own portfolio.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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