You've made some great investments on Webull, and now it's time to enjoy the fruits of your labor! But how exactly do you get that money from your Webull account into your bank account? Don't worry, it's a straightforward process, and this comprehensive guide will walk you through every step, ensuring a smooth and successful withdrawal.
Your Ultimate Guide to Taking Money Off Webull
Ready to access your funds? Let's dive in!
Step 1: Are Your Funds Ready for Withdrawal? – Understanding Settlement Periods and Available Cash
Before you even think about hitting that "Withdraw" button, it's crucial to understand a key concept: settlement periods. Imagine selling a stock today – the money doesn't instantly appear in your "withdrawable cash" balance. It needs time to "settle" within the market and with Webull's clearing firm.
What's a Settlement Period?
For most US equities and options, the settlement period is typically T+1, meaning the funds become available for withdrawal one business day after the trade date.
For Australian equities, it's T+2.
Hong Kong equities also usually have a T+2 settlement.
Important Note: If you've just deposited funds into Webull via ACH, there's often a holding period before those funds can be withdrawn. This can be up to 6 business days in some cases.
Cash Management Accounts: If you're using Webull's Cash Management feature, you'll need to redeem your funds from there first. This redemption process usually takes 1-2 business days before the funds are available for withdrawal to your bank.
Checking Your Available Funds:
On the Webull mobile app, navigate to Account -> Transfers -> Withdraw. Here, you'll see your "Available to Withdraw" balance. This is the crucial number you need to pay attention to.
Pro Tip: If you've sold US shares and want to withdraw to an AUD account, you'll need to perform a currency conversion within the app first.
Step 2: Verify Your Linked Bank Account – The Foundation of Your Withdrawal
Webull prioritizes security, and rightly so! To ensure your money goes to the correct place, you must have a verified bank account linked to your Webull account. This account must be in your name (individual or joint). Webull does not support withdrawals to third-party bank accounts or payment platforms.
How to Link/Verify Your Bank Account (if not already done):
Open the Webull app.
Tap the Webull logo (bottom center).
Select Transfers.
Tap Withdraw and choose your withdrawal currency.
Look for an option like "Add Bank Account" or "Link Bank Account."
You will typically need to provide your full bank account details (bank name, account number, routing number/BSB/SWIFT code).
Webull may require you to upload evidence, such as a copy of your bank statement. This statement should clearly show:
Your Full Name
Your BSB (or equivalent routing/SWIFT code)
Your Account Number
Be dated within the past 6 months
Include your Bank's Logo
Patience is a Virtue: Requests to link or unlink bank accounts can take up to 24 hours for approval. Webull generally allows only one linked bank account at a time for withdrawals. If you need to use a different account, you'll have to unlink the current one first, then add the new one.
Troubleshooting Linked Account Issues:
Invalid ABA Code or SWIFT Code: Double-check that you've entered the correct routing or SWIFT code for your bank.
Expired ACH Link: If you've recently changed banking details (like password or email), your existing ACH link might have expired. You'll need to re-link your bank account.
Recent ACAT Activity: If you've transferred assets to Webull via ACATS, there might be a withdrawal hold period of up to 30 days.
Step 3: Initiate the Withdrawal Request – The Moment of Truth
Once your funds are settled and your bank account is verified, you're ready to initiate the withdrawal! The process is similar across Webull's platforms (mobile app, desktop, and web).
On the Webull Mobile App:
Tap the Webull logo (bottom center) to access your account.
Select Transfers.
Tap Transfer Money.
Crucial Step: Tap the switch button to change the transfer direction. Ensure the "To:" field now shows your external bank account.
Enter the withdrawal amount.
Tap Review and Submit.
On the Webull Desktop Platform:
Hover over the icons on the left side and click Account (if hidden, click on More).
Within the Banking widget, select Withdraw. This will direct you to the Transfer Money page on the web.
Choose the funding account in the To field (your bank account).
Enter the withdrawal amount.
Select Review.
Once reviewed, select Submit.
On the Webull Web Platform:
Navigate to My Account (top right).
Select Transfer Money.
Tap the switch button to change the transfer direction, so you're withdrawing from your Webull account.
Choose the funding account in the To field (your bank account).
Enter the withdrawal amount.
Select Review.
Once reviewed, select Submit.
Step 4: Understanding Withdrawal Limits and Processing Times – What to Expect
You've submitted your request – now what? It's important to be aware of Webull's withdrawal limits and the typical processing times.
Withdrawal Limits:
For ACH withdrawals, the daily limit is typically $50,000 USD.
The daily cutoff time for ACH withdrawals is generally 4:00 PM EST. If you submit a request after this, it will be processed on the next business day.
Processing Times:
ACH Withdrawals (most common): These typically take 2-3 business days to process and appear in your linked bank account.
Real Time Payment (RTP) Withdrawal (where available): In some regions (like Malaysia, as per Webull MY FAQ), RTP withdrawals can be much faster, sometimes within 30 minutes. However, this is subject to bank processing times and first-time RTP withdrawals might have slightly longer initial processing.
Interbank GIRO (IBG) Withdrawal (where available): Similar to RTP, these can be processed by Webull within 3-5 hours, but receipt of funds depends on both banks. Requests after 3 PM on business days are processed the next business day.
General Note: The exact settlement time can vary between banks. Weekends and public holidays will extend processing times.
Step 5: Track Your Transfer – Stay Informed
Webull provides tools to help you monitor the status of your withdrawal.
On the Webull Mobile App:
Go to Transfers.
Select Recent Activity.
This section will provide real-time updates on your transaction's progress, including estimated settlement dates.
Troubleshooting Common Webull Withdrawal Issues
While the process is usually smooth, you might encounter a few hiccups. Here's how to address them:
Insufficient Funds Available for Withdrawal:
Check Settlement Periods: As mentioned in Step 1, ensure all trades have fully settled.
Currency Conversion: If you sold shares in one currency and want to withdraw in another, make sure you've performed the necessary currency conversion within the app.
Cash Management Redemption: If funds are in your Cash Management account, redeem them first.
Daily Withdrawal Limit Reached: If your pending withdrawal amount hits the $50,000 ACH daily limit, you'll need to wait for the current withdrawal to process (usually 1-2 business days) before attempting another.
Withdrawing to a Different Bank Account: If you're trying 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 purposes. If the original account is closed, contact Webull support.
Third-Party Accounts: Remember, Webull does not allow withdrawals to third-party accounts (e.g., accounts held by title companies or trusts, or other payment platforms like PayPal, Venmo directly).
Technical Glitches: If you're encountering persistent issues or error messages, take a screenshot and contact Webull's customer support through their in-app Help Center or directly via phone/email.
10 Related FAQ Questions about Webull Withdrawals
Here are some common questions users have when taking money off Webull:
How to Check My Available Withdrawal Balance on Webull?
You can check your available withdrawal balance by navigating to the "Account" section, then "Transfers," and finally "Withdraw" within the Webull mobile app.
How to Link a New Bank Account for Withdrawals on Webull?
To link a new bank account, go to "Transfers" -> "Withdraw" in the Webull app, then select "Add Bank Account." You'll need to provide bank details and upload verification documents like a bank statement.
How to Speed Up Webull Withdrawals?
Generally, ACH withdrawals take 2-3 business days. While Webull offers RTP (Real-Time Payment) in some regions which is faster, there isn't a universal "instant withdrawal" option for all users to their bank accounts. Ensure your bank account is verified and funds are settled.
How to Cancel a Pending Webull Withdrawal?
You may be able to cancel a pending ACH withdrawal if it hasn't been processed by Webull's clearing firm. In the app, go to "Transfers" -> "Recent Activity" and look for the option to cancel your request.
How to Withdraw Funds from Webull's Cash Management Account?
First, you need to redeem the funds from your Cash Management position within Webull. This redemption typically takes 1-2 business days. Once redeemed, the funds will become available in your regular cash balance, and you can then initiate a standard withdrawal to your linked bank account.
How to Withdraw After Selling Stocks on Webull?
After selling stocks, the funds need to settle. For US equities, this is generally T+1 (one business day). Once settled, the funds will appear in your "Available to Withdraw" balance, and you can proceed with the withdrawal steps outlined above.
How to Fix a Failed Webull Withdrawal?
Common reasons for failed withdrawals include insufficient settled funds, exceeding daily limits, unverified or incorrect bank account details, or attempting to withdraw to a third-party account. Check these factors and contact Webull support with a screenshot of the error if the issue persists.
How to Change My Linked Bank Account for Webull Withdrawals?
To change your linked bank account, you first need to unlink your current associated bank account within the Webull app (under "Transfers" -> "Withdraw" -> select the bank account -> "Remove"). After it's unlinked, you can then add your new bank account following the linking steps.
How to Know if My Webull Withdrawal is Being Processed?
You can track the status of your withdrawal by going to "Transfers" and then "Recent Activity" within the Webull mobile app. This section provides updates on your transaction.
How to Contact Webull Support for Withdrawal Issues?
You can contact Webull support through their in-app Help Center. Alternatively, you can typically find their contact information (phone number or email) on their official website's support section.