You've made some great investments on Webull, and now it's time to enjoy the fruits of your labor! Withdrawing funds from your Webull account is a straightforward process, but it's crucial to understand each step to ensure a smooth and successful transfer. Let's dive in!
How to Withdraw Net Account Value from Webull: A Step-by-Step Guide
Step 1: Engage with Your Account - The Initial Check-Up
Before you even think about hitting that "withdraw" button, let's make sure everything is in order. Think of this as your pre-flight checklist.
Have you verified your linked bank account? This is paramount. Webull requires an active and verified connection to your external bank account for withdrawals. If you haven't done this already, you'll need to link and verify a bank account.
Are your funds settled? This is a critical point many users overlook. When you deposit funds or sell securities, there's a settlement period before the funds become available for withdrawal. For ACH deposits, this typically takes 3-5 business days. Funds from sold securities also need to settle. You can usually find information on available funds for withdrawal within your Webull account.
Are you aware of any withdrawal limits or holds? Webull has a daily withdrawal limit for ACH transfers (e.g., $50,000 for US accounts). Also, if you've recently transferred assets to Webull via ACATS, there might be a withdrawal hold period of up to 30 days. Be sure to check for any such restrictions that might apply to your account.
Is the withdrawal going to your own bank account? Webull strictly enforces withdrawals to individual or joint bank accounts held in your name. They do not support third-party bank accounts or payment platforms.
Ready to proceed? Fantastic! Let's get those funds moving!
Step 2: Initiating the Withdrawal Request - Your Platform of Choice
Webull offers multiple platforms to manage your account, and the withdrawal process is largely similar across them. Choose the method that's most convenient for you:
On the Webull Mobile App:
Tap the Webull Logo: Open your Webull app and tap the Webull logo (usually located at the bottom center of the screen) to access your account dashboard.
Navigate to Transfers: Select "Transfers" from the options at the top of the screen.
Choose "Transfer Money": Within the Transfers section, you'll see an option like "Transfer Money". Tap on it.
Switch Transfer Direction: This is important! You'll likely see a switch button to change the direction of the transfer. Ensure that the "To:" field shows your external bank account, indicating you are withdrawing funds from Webull to your bank.
Enter Withdrawal Amount: Input the specific amount you wish to withdraw. Double-check this figure to avoid errors.
Review and Submit: Carefully review all the details of your withdrawal request. Once you're certain everything is correct, tap "Review and Submit" and then "Confirm" (if prompted).
On the Webull Desktop Application:
Hover and Click Account: On the left-hand side of the desktop application, hover over the icons and click on "Account" (you might need to click "More" if it's hidden).
Select "Withdraw": Within the "Banking" widget, you'll find the "Withdraw" option. Click on it. This will typically direct you to the "Transfer Money" page on the web.
Choose Funding Account: In the "To" field, select the bank account where you want the funds to be deposited.
Enter Withdrawal Amount: Type in the amount you wish to withdraw.
Review and Submit: Review the details, then select "Submit".
On the Webull Web Platform:
Navigate to My Account: From the Webull website, go to "My Account" (usually located in the top right corner).
Select "Transfer Money": Click on "Transfer Money".
Switch Transfer Direction: Just like on the app, tap the switch button to ensure you are withdrawing from your Webull account. The "To" field should display your external bank account.
Choose Funding Account: Select the bank account where you want your funds to go.
Enter Withdrawal Amount: Input the desired withdrawal amount.
Review and Submit: Review the information thoroughly, then select "Submit".
Step 3: Understanding Withdrawal Processing Times
Once you've submitted your withdrawal request, the waiting game begins. The time it takes for the funds to reach your bank account can vary depending on the method and bank processing times.
ACH Withdrawals: These typically take 2-3 business days to process and appear in your bank account in the US.
Real-Time Payment (RTP) (where available): In some regions, RTP withdrawals might be available, offering much faster processing times, sometimes within 30 minutes. However, first-time RTP withdrawals or requests made after a certain cutoff time (e.g., 3 PM local time) or on weekends/holidays may be processed on the next business day.
Interbank GIRO (IBG) (where available): For IBG withdrawals, Webull might process your request within 3-5 hours, but the actual receipt of funds depends on the processing times of both the sending and receiving banks. Requests submitted after 3 PM on business days will be processed the next business day.
Patience is key during this stage.
Step 4: Tracking Your Withdrawal Status
You don't have to be left in the dark! Webull provides ways to track the progress of your withdrawal.
Mobile App: On the Webull mobile app, navigate to "Transfers" and then "Recent Activity". This section should provide real-time updates on your transaction's progress, including an estimated settlement date.
Desktop/Web: Similar tracking options are usually available on the desktop application and web platform within the "Transfers" or "Account History" sections.
Step 5: Troubleshooting Common Withdrawal Issues
Sometimes, a withdrawal request might fail or be delayed. Here are some common reasons and what you can do:
Insufficient Funds: Always double-check that you have enough settled funds available for withdrawal. Remember, "net account value" might include unsettled funds or assets not yet liquidated.
Daily Withdrawal Limit Exceeded: If your requested amount exceeds the daily ACH withdrawal limit (e.g., $50,000), your request will be rejected. You'll need to wait for the current withdrawal to process (usually 1-2 business days) before attempting another.
Different Bank Accounts: If you're attempting to withdraw to a bank account different from the one used for recent deposits (within the last 60 days), Webull may require additional verification for security and AML (Anti-Money Laundering) compliance. If your original bank account is closed, you'll need to contact Webull support with proof.
Invalid Bank Information: Ensure your linked bank account details, including ABA code (routing number) or SWIFT code, are accurate and up-to-date.
Expired ACH Link: If you've recently changed bank details like your account password or registered email, your ACH link might have expired. You'll need to relink your bank account.
Recent ACAT Activity: As mentioned, assets transferred to Webull via ACATS are subject to a withdrawal hold period of up to 30 days.
Third-Party Accounts: Again, Webull only allows withdrawals to accounts in your name. Withdrawals to third-party accounts will be rejected.
Technical Glitches: Rarely, a technical issue might occur. If you've ruled out other reasons, taking a screenshot of any error messages and contacting Webull support is the best course of action.
Always refer to Webull's official support resources or contact their customer service if you encounter persistent issues.
10 Related FAQ Questions
Here are 10 frequently asked questions about withdrawing funds from Webull, with quick answers:
How to check my available withdrawal balance on Webull?
You can usually check your available withdrawal balance by navigating to Account -> Transfers -> Withdraw on the Webull mobile app, or similar sections on the desktop/web platforms.
How to link a new bank account for withdrawals on Webull?
On the Webull app, go to More -> Bank Account (often a green icon) and you'll find options to add or manage your linked bank accounts. You may need to relink if an existing link has gone stale.
How to resolve a "pending" withdrawal status on Webull?
A "pending" status usually means the withdrawal is still being processed. Check the "Recent Activity" section for estimated settlement times. If it's pending for an unusually long time, verify no holds or issues were flagged (insufficient funds, daily limit, etc.) and contact support if needed.
How to cancel a pending withdrawal on Webull?
Webull generally allows you to cancel a pending withdrawal request within a certain timeframe (often before it's fully processed). Look for a "Cancel" option next to the pending transaction in your "Recent Activity" or "Transfers" section.
How to withdraw funds if my linked bank account is closed?
If your originally linked bank account is closed, you must contact Webull support. They will likely require documentation proving the old account is closed and the new account is in your name with a positive balance before allowing a withdrawal to a new account.
How to avoid withdrawal delays on Webull?
Ensure your bank account is verified, that funds are fully settled, and that you are within daily withdrawal limits. Avoid withdrawing to a new bank account if you've made recent deposits from a different one, unless absolutely necessary.
How to withdraw funds from a Webull IRA account?
Withdrawing from an IRA on Webull follows a similar process but involves additional considerations due to the tax-advantaged nature of IRAs. You'll need to be aware of potential taxes and penalties if you're withdrawing before retirement age. Consult a tax advisor if unsure.
How to track the exact settlement date of my Webull withdrawal?
On the Webull mobile app, go to Transfers -> Recent Activity. This section often provides an estimated settlement date for your withdrawal request.
How to know if my funds are settled and available for withdrawal on Webull?
Webull's platform will typically show a "cash available for withdrawal" balance that excludes unsettled funds. Deposits usually settle in 3-5 business days, and funds from sold securities also need time to clear before they can be withdrawn.
How to contact Webull support for withdrawal issues?
You can contact Webull support through their in-app help center, via email (e.g., support@webull.com), or by phone (e.g., +1 (888) 828-0618 for US support). Having screenshots of any error messages is helpful.