Have you ever wondered how to get your hard-earned money out of your Webull account and back into your bank? Whether you've made some great trades, closed out positions, or simply need access to your funds, withdrawing money from Webull is a straightforward process. This comprehensive guide will walk you through every step, ensuring a smooth and successful transfer. Let's dive in!
Understanding Webull Withdrawals: What You Need to Know First
Before we get into the nitty-gritty, it's crucial to understand a few key aspects of Webull withdrawals. Webull prioritizes security and compliance, so there are specific rules in place to protect your funds.
Bank Transfers Only: Unlike some other platforms, Webull primarily supports withdrawals via bank transfers (ACH). This means you'll need a valid bank account linked to your Webull account. They do not support withdrawals to credit/debit cards, e-wallets like PayPal, or third-party payment platforms.
Your Name, Your Account: For security reasons, withdrawals can only be made to a bank account held in your name. Webull will not process withdrawals to third-party bank accounts. If you have a joint account, that is generally permissible.
Settlement Periods Matter: If you've recently sold stocks or other securities, remember that the funds need to settle before they become available for withdrawal. The settlement period varies by market (e.g., US equities are typically T+1, meaning trade date plus one business day). You won't be able to withdraw funds that are still pending settlement.
Currency Conversion: If you've traded in multiple currencies, say you sold US shares and have USD in your account, but want to withdraw to an Indian bank account in INR, you'll likely need to convert the currency first within the Webull app.
Fees and Limits: While Webull generally boasts $0 commission for trades, there might be some fees associated with certain types of withdrawals (e.g., wire transfers) or if you exceed certain limits. We'll cover these specifics.
Now that we have the groundwork laid, let's get to the step-by-step process!
Step 1: Engage with Your Webull App (or Desktop/Web Platform)
The first step, and the most engaging one, is to open your Webull application! Are you ready to access your funds? Let's navigate the interface together.
Mobile App: This is the most common way users interact with Webull. Tap on the Webull logo (usually located at the bottom center of your screen). This will typically take you to your account overview.
Desktop Platform: If you're using the desktop version, hover over the icons on the left side and click on "Account" (you might need to click "More" if it's hidden).
Web Platform: For the web interface, navigate to "My Account" in the top right corner.
Step 2: Initiating the Transfer Process
Once you're in your account section, you'll need to find the transfer options.
Sub-heading: Locating the 'Transfers' Section
On the mobile app, after tapping the Webull logo, look for "Transfers" at the top of the screen. Tap on it.
On the desktop or web platform, within the "Banking" or "My Account" section, you'll find an option like "Withdraw" or "Transfer Money."
Step 3: Selecting 'Withdraw' and Your Currency
Now we're getting closer to getting your money!
Sub-heading: Choosing Your Withdrawal Method
Within the "Transfers" section, you'll clearly see an option for "Withdraw." Tap on it.
Webull will then prompt you to select your withdrawal currency. Make sure this matches the currency of the funds you wish to withdraw and, ideally, the currency of your linked bank account to avoid conversion issues.
Step 4: Linking or Verifying Your Bank Account
This is a critical step, especially if it's your first withdrawal or if you've changed bank accounts.
Sub-heading: Ensuring Your Bank Account is Ready
If you haven't linked a bank account before, or if you need to link a new one, you'll see an option like "Add Bank Account." Tap this and follow the on-screen prompts.
You'll typically need to provide details like your bank name, account number, and routing number (for US banks).
Important: Webull will often require proof of your bank account. This usually involves uploading a copy of a recent bank statement or a voided check, clearly showing your name, bank logo, and account details. Ensure the statement is dated within the last 6 months.
Note on Verification: Requests to link or unlink bank accounts can take up to 24 hours to be approved. Be patient!
Only one bank account is allowed at a time for withdrawals. If you want to use a different account, you'll need to unlink the current one first, then add the new one.
Step 5: Inputting Your Withdrawal Amount
Almost there! Now tell Webull how much you want to withdraw.
Sub-heading: Specifying the Amount
Once your bank account is selected and verified, you'll be prompted to "Input the withdrawal amount."
Be mindful of minimums: Webull may have minimum withdrawal amounts depending on your region and the type of transfer (e.g., USD $10 for local bank transfers in some regions, or USD $50 for TT withdrawals). Check the specific requirements for your account.
Check your "Available for Withdrawal" balance: The app will usually show you the maximum amount you can withdraw. This excludes unsettled funds or funds held for other purposes.
Step 6: Reviewing and Submitting Your Request
Double-check everything before hitting that final button!
Sub-heading: The Final Review
After entering the amount, you'll typically see a "Review" or "Review and Submit" screen.
Carefully verify all the details: the withdrawal amount, the linked bank account, and any associated fees (though typically, ACH withdrawals are free).
Once you're confident, tap "Submit Withdrawal Request" or "Confirm."
Step 7: Tracking Your Withdrawal and Settlement
Patience is key! Your funds won't appear instantly.
Sub-heading: Monitoring Your Funds' Journey
After submitting, Webull will process your request. Withdrawal requests typically take 1 to 5 business days to complete, though the exact settlement time can vary between banks.
For Real-Time Payment (RTP) withdrawals (available in some regions), you might receive funds within 30 minutes, but this depends on your bank's processing times. First-time RTP withdrawals or requests made after 3 PM or on weekends/holidays may be processed the next business day.
You can monitor the status and estimated settlement date of your withdrawal by going to "Transfers" -> "Recent Activity" on the Webull mobile app. This section provides real-time updates.
Important Considerations and Troubleshooting:
Insufficient Funds: Ensure you have enough settled cash available for withdrawal. If you just sold stocks, wait for the settlement period.
Daily Limits: Webull imposes daily withdrawal limits. For ACH withdrawals, this is typically $50,000 per day in the US. If you're trying to withdraw a larger sum, you might need to make multiple requests over several days.
Different Bank Accounts: If you're trying to withdraw to a bank account different from the one used for recent deposits (especially within the last 60 days), Webull might require additional verification.
Invalid Bank Details: Double-check your ABA code (routing number) or SWIFT code if you encounter issues. An expired ACH link (due to bank account password changes, etc.) can also cause problems. You might need to relink your bank account.
Recent ACATS Activity: If you recently transferred assets to Webull via ACATS, there might be a withdrawal hold period of up to 30 days.
Contact Support: If you encounter persistent issues, don't hesitate to contact Webull's customer support. They can provide specific assistance for your situation.
10 Related FAQ Questions with Quick Answers:
How to check my available withdrawal balance on Webull?
You can check your available withdrawal balance by navigating to "Account" -> "Transfers" -> "Withdraw" in the Webull mobile app. The amount available for withdrawal will be displayed.
How to link a new bank account for withdrawals on Webull?
To link a new bank account, go to "Transfers" -> "Withdraw" -> "Add Bank Account." You'll need to provide your bank details and potentially upload a bank statement for verification.
How to change my linked bank account on Webull?
First, you'll need to unlink your current bank account by going to "Transfers" -> "Withdraw," selecting the current bank account, and choosing the option to remove it. Once unlinked, you can then add your new bank account.
How to sell my stocks on Webull to withdraw money?
To withdraw cash from selling stocks, you must first execute a sell order for your desired stocks. Once the trade is completed, the funds will enter a settlement period (typically T+1 for US equities) before becoming available for withdrawal.
How to understand Webull withdrawal fees?
For standard ACH withdrawals, Webull generally does not charge a fee. However, wire transfers or other specific methods might incur charges from Webull or intermediary banks. Always review the fees before confirming your withdrawal.
How to know the minimum withdrawal amount on Webull?
The minimum withdrawal amount can vary by region and currency. For example, in some regions, it can be as low as $10 USD for local bank transfers or $50 USD for TT withdrawals. Check the app when initiating your withdrawal for specific minimums.
How to track the status of my Webull withdrawal?
You can track your withdrawal status by going to "Transfers" -> "Recent Activity" within the Webull mobile app. This section provides real-time updates on your transaction.
How to cancel a pending withdrawal on Webull?
You may be able to cancel a pending ACH withdrawal through the Webull mobile app by going to "Transfers" -> "Recent Activity" and selecting the withdrawal request. If the option to cancel is available, you can proceed. However, once a withdrawal is in processing, it generally cannot be cancelled.
How to resolve a failed withdrawal on Webull?
Common reasons for failed withdrawals include insufficient settled funds, exceeding daily limits, using a different bank account for recent deposits, invalid bank details (routing/SWIFT code), or an expired ACH link. Check these factors and contact Webull support if the issue persists.
How to convert currency before withdrawing from Webull?
If you have funds in one currency (e.g., USD from selling US stocks) but wish to withdraw in another (e.g., INR to your Indian bank), you may need to perform a currency conversion within the Webull app first. Look for currency exchange or conversion options within your account or transfer sections.
