So, you've been diligently trading, investing, and perhaps even seen some fantastic returns in your Webull account. Now comes the exciting part – enjoying the fruits of your labor! But how exactly do you get that money out of your Webull account and into your bank? Don't worry, it's a straightforward process, and I'm here to guide you through it step-by-step.
The Ultimate Guide to Withdrawing Money from Your Webull Account
Withdrawing funds from your Webull account is primarily done via bank transfers, specifically ACH (Automated Clearing House) transfers for domestic transfers in the US, or wire transfers for international transactions. Webull does not support withdrawals to credit/debit cards, e-wallets like PayPal, or third-party bank accounts. All withdrawals must go to a bank account in your name.
Let's dive into the detailed steps to ensure a smooth withdrawal experience.
Step 1: Are You Ready to Withdraw? The Initial Check-Up!
Before you even think about hitting that "Withdraw" button, let's make sure everything is in order. This crucial first step can save you a lot of headaches later!
Sub-heading: Verify Your Funds Are Available
Settlement Period: This is super important. If you've recently sold stocks, ETFs, or options, the funds aren't immediately available for withdrawal. There's a "settlement period" where the trade officially settles and the cash becomes truly yours.
For US equities and options, the settlement period is typically T+1 (Trade date plus one business day).
For Australian equities, it's T+2.
For Hong Kong equities, it's also T+2.
So, if you sold shares on Monday, the funds might not be available for withdrawal until Tuesday or Wednesday. Don't try to withdraw before this period is over, or your request will likely be rejected!
Currency Conversion (If Applicable): Did you sell US shares and want to withdraw in a different currency (e.g., AUD if you're in Australia)? You'll need to convert the USD cash to your desired currency within the Webull app before initiating the withdrawal.
Cash Management (If Activated): If you've enabled Webull's Cash Management feature, you'll need to redeem the cash from Cash Management first. This process typically takes 1-2 business days.
Minimum Withdrawal Amounts: Be aware that there might be minimum withdrawal amounts, especially for wire transfers. For example, TT (Telegraphic Transfer) withdrawals often have minimums like USD 50, SGD 50, or HKD 300 depending on your region.
Sub-heading: Ensure Your Bank Account is Linked and Verified
Webull requires you to link a valid bank account to your profile for withdrawals. This account must be in your name. If you haven't done this yet, or if you need to change your linked account, now's the time.
Webull typically allows you to link up to 5 bank accounts.
Linking or unlinking a bank account can take up to 24 hours for approval, as Webull needs to verify the details.
You might be asked to provide a copy of your bank statement showing your full name, bank logo, BSB (for Australian accounts) or A/C Number, and be dated within the last 6 months.
Step 2: Navigating the Webull App for Withdrawal
Once you've confirmed your funds are ready and your bank account is linked, it's time to initiate the withdrawal from the Webull app. The process is intuitive, but follow these steps carefully.
Sub-heading: For Mobile App Users
This is the most common way users interact with Webull.
Open the Webull App: Find the Webull icon on your smartphone and tap to open it.
Tap the Webull Logo (Center Bottom): This circular logo, usually at the bottom of your screen, is your gateway to account management. Tap it to access your account details.
Go to 'Transfers': At the top of the next screen, you'll see various options. Look for and tap on "Transfers".
Select 'Withdraw': Within the "Transfers" section, you'll find options for deposits and withdrawals. Tap on "Withdraw".
Choose Your Withdrawal Currency: If you have funds in multiple currencies, or if you converted funds in Step 1, select the currency you wish to withdraw.
Input the Withdrawal Amount: Carefully enter the amount you wish to withdraw. Double-check this number to avoid errors. Remember the minimum withdrawal limits if applicable.
Select Your Bank Account: If you have multiple bank accounts linked, choose the specific account where you want the funds to be sent.
Review and Confirm: A summary of your withdrawal request will appear. Review all the details carefully: the amount, the receiving bank account, and any potential fees.
Submit Withdrawal Request: Once you're satisfied, tap "Submit Withdrawal Request" and then "Confirm" if prompted.
Sub-heading: For Desktop and Web Users
If you prefer using the desktop application or the Webull website, the steps are slightly different but still straightforward.
Access Your Account:
Desktop App: Hover over the icons on the left side and click "Account" (you might need to click "More" if it's hidden).
Web Platform: Navigate to "My Account" at the top right of the screen.
Go to 'Transfer Money' (or 'Withdraw'):
Desktop App: Within the "Banking" widget, select "Withdraw." This will often redirect you to the "Transfer Money" page on the web.
Web Platform: Select "Transfer Money."
Switch Transfer Direction: Ensure the transfer direction is set to withdraw funds from your Webull account. The "To:" field should display your external bank account.
Choose the Funding Account: Select your Webull funding account from which you are withdrawing.
Enter Withdrawal Amount: Input the desired withdrawal amount.
Review and Submit: Carefully review all the details of your withdrawal request.
Submit: Once everything looks correct, click "Submit."
Step 3: Understanding Withdrawal Processing and Fees
Now that you've submitted your request, what happens next? It's important to understand the typical processing times and any potential fees involved.
Sub-heading: Withdrawal Processing Times
ACH Withdrawals (Domestic US): ACH withdrawals typically take 2-3 business days to process and appear in your bank account.
Wire Transfers (Domestic US): Domestic wire transfers are generally faster, often taking 1-2 business days.
International Wire Transfers: International wire transfers can take longer, usually up to 3-5 business days, and in some cases, even up to 5 business days, depending on the banks involved.
Real-Time Payment (RTP) (Some Regions): In some regions (e.g., Malaysia), Webull offers RTP withdrawals, which can be as quick as 30 minutes. However, first-time RTP withdrawals or requests made after 3 PM, on weekends, or public holidays, will be completed by 9 AM the next business day.
Interbank GIRO (IBG) (Some Regions): For IBG withdrawals, Webull processes the 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.
Important Note on Settlement Holds: If you deposited funds recently, there might be a hold period before those specific funds can be withdrawn.
For funds deposited via Apex Clearing, you can generally withdraw on the sixth business day after your deposit.
For funds deposited via Webull Omnibus, you can withdraw on the fifth business day.
Sub-heading: Understanding Webull Withdrawal Fees
Webull generally has a policy of $0 basic withdrawal fees for standard ACH transfers. However, there are instances where fees may apply:
Wire Transfer Fees: If you opt for a wire transfer (especially for faster processing or international transfers), there will be fees charged by the banks, not directly by Webull.
Incoming domestic wire transfers can cost around $8.
International wire transfers can cost around $12.50.
Other Potential Fees: Any other transfer fees incurred, such as handling commissions, cable charges, or agent bank charges related to the withdrawal, are typically borne by the client. Always check the specific fee schedule for your region on the Webull website or app.
Step 4: Tracking Your Withdrawal and Troubleshooting
You've submitted your request, and now you're waiting. It's natural to want to track its progress. And occasionally, things don't go as planned, so it's good to know how to troubleshoot.
Sub-heading: Monitoring Your Withdrawal Status
Webull Mobile App: To monitor the status and estimated settlement date of your withdrawal, go to "Transfers" and then "Recent Activity" on the Webull mobile app. This section provides real-time updates on your transaction's progress.
Email Notifications: Webull will usually send you email notifications regarding the status of your withdrawal, including confirmation of submission and completion.
Sub-heading: Common Reasons for Withdrawal Issues and Troubleshooting
If your withdrawal request fails or is delayed, here are some common reasons and what you can do:
Insufficient Funds: Double-check that you have enough available funds for withdrawal. Remember the settlement periods and any cash management redemptions. You can confirm your available withdrawal amount by navigating to "Account" -> "Transfers" -> "Withdraw" on the mobile app.
Daily Withdrawal Limit Exceeded: For ACH withdrawals, there's often a daily limit (e.g., $50,000). If your pending withdrawal amount reaches this limit, you'll need to wait for the current withdrawal to process (usually 1-2 business days) before attempting another. The daily cutoff time for ACH withdrawals is typically 4:00 PM EST.
Different Bank Accounts: If you're trying to withdraw funds to a bank account different from the one used for recent deposits (within the last 60 days), Webull might require additional verification. If your original bank account is closed or inaccessible, contact Webull customer support.
Invalid Bank Details: Ensure that your linked bank account details (like the ABA code/routing number for US accounts or SWIFT code for international accounts) are correct. If you recently changed key information with your bank (like an account password or registered email), your linked ACH connection might have expired, requiring you to re-link your bank account.
Recent ACAT Activity: If you've recently transferred assets to Webull via an ACATS (Automated Customer Account Transfer Service) transfer, those assets might be subject to a withdrawal hold period of up to 30 days, starting the day after the transfer has settled.
Third-Party Accounts: As mentioned, Webull only allows withdrawals to individual or joint bank accounts in your name. Withdrawals to third-party accounts or payment platforms will be rejected.
Technical Glitches: Rarely, a technical issue might occur. If you've checked all the above and still can't figure out the problem, take a screenshot of the rejection message and contact Webull customer support.
10 Related FAQ Questions
Here are 10 frequently asked questions about withdrawing money from Webull, along 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" within the Webull mobile app.
How to change my linked bank account for Webull withdrawals? You can change your linked bank account within the Webull app by going to the withdrawal section, and then looking for an option to "Add Bank Account" or "Manage Bank Accounts." You may need to unlink the old account first. Note that linking a new account can take up to 24 hours for approval.
How to withdraw money from Webull if I recently sold stocks? You need to wait for the settlement period to pass. For US equities and options, this is typically T+1 (Trade date + 1 business day). For Australian and Hong Kong equities, it's T+2.
How to avoid withdrawal fees on Webull? For US users, standard ACH withdrawals generally have no basic fees. Wire transfers, however, incur bank fees. To avoid fees, use ACH transfers when possible.
How to track the status of my Webull withdrawal? On the Webull mobile app, go to "Transfers" -> "Recent Activity" to view the real-time status and estimated settlement date of your withdrawal.
How to withdraw funds to an international bank account from Webull? Webull supports international wire transfers. You'll need to ensure your international bank account details (including SWIFT code) are correctly linked. Be aware of potential international wire transfer fees and longer processing times (up to 5 business days).
How to troubleshoot if my Webull withdrawal is rejected? Check for common issues like insufficient available funds, exceeding daily limits, incorrect bank details, or attempts to withdraw to a third-party account. If the problem persists, contact Webull customer support with a screenshot of the error.
How to withdraw money from Webull if I have funds in Cash Management? You must first redeem the funds from your Webull Cash Management account. This redemption process typically takes 1-2 business days before the cash is available for withdrawal to your bank account.
How to find the minimum withdrawal amount on Webull? Minimum withdrawal amounts can vary by region and withdrawal method (e.g., TT wire transfers). Check the Webull FAQ or during the withdrawal process in the app, as the system will usually notify you if your amount is below the minimum. For some regions, it could be USD 50, SGD 50, or HKD 300 for TT withdrawals.
How to contact Webull customer service for withdrawal issues? You can usually contact Webull customer service through their in-app help center, email (e.g., support@webull.com), or by phone. It's often helpful to have screenshots of any error messages or details of your withdrawal attempt ready.
