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Written by: Tamás G. Updated: Nov 2022
Expert verified

Here's how to deposit money to Vanguard

Reading time: 3 minutes

It's great that you are looking for deposit options at Vanguard 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: Vanguard is a US stockbroker regulated by the top-tier SEC and FINRA.

THE ESSENCE:

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

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

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Vanguard minimum deposit
Is Vanguard 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.

Vanguard 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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Vanguard minimum deposit
What is the minimum deposit at Vanguard?

At Vanguard, the minimum deposit is $0. This means that you can deposit as little money as you wish.

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 Vanguard

Brokers that don't require a minimum deposit do so to encourage people to try their services without requiring a large initial commitment.

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

Also, at Vanguard, there is no inactivity fee. This means that you won't be charged any fee, if you decide not to use your account in the future.

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Vanguard minimum deposit
What base currencies are available at Vanguard?

At Vanguard, the only available currency is USD. Try to deposit money to your brokerage account in USD, otherwise you will be charged a conversion fee.

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

Vanguard minimum deposit
What deposit methods are available at Vanguard?

At Vanguard, 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 Vanguard
Bank transfer Yes
Credit/Debit card No
Electronic wallet No

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Vanguard minimum deposit
Is there any deposit fee at Vanguard?

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

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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Vanguard minimum deposit
How to deposit money to Vanguard account?

Here's a step-by-step guide:

  • Log in to Vanguard'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 Vanguard

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

Vanguard 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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