Have you just opened your Webull account, or are you looking to add more funds to seize a new trading opportunity? Excellent! Getting money into your Webull account is a fundamental step to begin or continue your investment journey. This comprehensive guide will walk you through every method, ensuring you're fully equipped to fund your account with confidence. Let's dive in!
How to Put Money in Your Webull Account: A Step-by-Step Guide
Funding your Webull account is designed to be a straightforward process, but understanding the different methods and their nuances can save you time and potential headaches. Whether you prefer linking your bank account for easy transfers or moving funds from another brokerage, Webull offers several convenient options.
Step 1: Let's Get Started! Accessing the Deposit Section in Your Webull App
First things first, let's get you to the right place within the Webull platform.
Open the Webull App: Launch the Webull application on your mobile device. If you haven't downloaded it yet, now's the time! It's available on both iOS and Android.
Tap the Webull Logo (Center Button): At the bottom of your screen, you'll see a distinctive Webull logo, often represented by a bull's head or the Webull "W." Tap this icon – it's your gateway to account management.
Navigate to "Transfers": On the next screen, near the top, you'll find a section labeled "Transfers." Give that a tap. This is where all your money movement actions reside.
Select "Deposit": Within the "Transfers" section, you'll see options like "Deposit," "Withdraw," and potentially "Portfolio Transfer." For our purpose, select "Deposit."
Congratulations! You're now on the deposit screen, ready to choose your preferred funding method.
Step 2: Choosing Your Deposit Method – The Pathways to Funding
Webull offers several ways to deposit funds, each with its own benefits and processing times. The most common methods are ACH (Automated Clearing House) transfers and Wire Transfers. In some regions, other specific local transfer methods might be available (e.g., eDDA, FAST in Singapore). We'll focus on the primary global options.
Sub-heading 2.1: The Easiest Route: ACH Bank Transfer (Electronic Funds Transfer)
This is by far the most popular and generally recommended method for most users due to its ease of use and often low (or no) fees. ACH transfers move money directly from your linked bank account to your Webull account.
Select "Bank Transfer" or "ACH Transfer": On the deposit screen, you'll likely see an option for "Bank Transfer" or "ACH." Tap on this.
Choose/Link Your Bank Account:
If already linked: If you've previously linked a bank account for deposits or withdrawals, it should appear here. Select the account you wish to use.
If linking for the first time: You'll be prompted to link a new bank account. Webull typically uses services like Plaid to securely connect to your bank.
Search for your bank from the provided list.
Enter your online banking credentials (username and password). This process is secure and encrypted.
Select the specific account (checking or savings) you want to link.
Verify your identity if prompted by your bank.
Once successfully linked, you'll be redirected back to Webull.
Enter the Deposit Amount: Input the amount of money you wish to deposit into your Webull account. Be mindful of any daily or transaction limits Webull may impose.
Review and Confirm: Double-check all the details: the linked bank account, the deposit amount, and any disclosures. Tap "Confirm" or "Submit" to initiate the transfer.
Important Note on ACH Transfers: While ACH transfers are convenient, they are not instant. Webull typically grants you a provisional credit of buying power almost immediately for a portion of your deposit, allowing you to start trading sooner. However, the full amount usually takes 3-5 business days to fully settle in your account. A fee of around $5 may be charged for ACH deposit reversals if the deposit is cancelled before it settles.
Sub-heading 2.2: For Larger or Faster Transfers: Wire Transfer
Wire transfers are generally faster than ACH, often settling within 1-2 business days for domestic wires and up to 5 business days for international wires. However, they typically incur fees charged by both your sending bank and potentially Webull's intermediary bank.
Select "Wire Transfer" or "International Wire Transfer": On the deposit screen, choose the wire transfer option.
Obtain Webull's Bank Details: Webull will provide you with specific bank details for the wire transfer. This information is crucial and will include:
Beneficiary Name (Webull Financial LLC)
Beneficiary Bank Name
Bank Address
SWIFT/BIC Code (for international wires)
Account Number
A unique reference number or your Webull account number to ensure the funds are correctly attributed to your account.
DO NOT SHARE THIS INFORMATION WITH ANYONE ELSE. These details are specific to your deposit.
Initiate the Wire Transfer from Your Bank:
Log in to your online banking portal, visit your bank branch, or call your bank's customer service.
Inform them you want to send a wire transfer.
Provide them with all the Webull bank details you obtained from the Webull app.
Ensure your name on the sending bank account matches exactly the name on your Webull account. Webull does not accept third-party deposits.
Pay any wire transfer fees charged by your bank.
Upload Proof of Transfer (Crucial Step!): After initiating the wire from your bank, Webull will ask you to upload proof of the transfer. This could be a screenshot of the confirmation page from your online banking, a photo of the wire transfer receipt from the bank, or a bank statement showing the outgoing wire. This helps Webull quickly identify and process your deposit.
Important Considerations for Wire Transfers: Wire transfers are generally irreversible once sent. Make sure all details are accurate before initiating. Also, be aware of the fees involved, as they can significantly impact smaller deposits.
Sub-heading 2.3: Moving Existing Investments: ACAT Transfer (Account Transfer)
If you have an existing brokerage account with another firm and want to move your entire portfolio or specific securities (stocks, ETFs, etc.) to Webull, an ACAT (Automated Customer Account Transfer) transfer is the way to go. This isn't strictly "putting money in" but rather moving assets.
Select "Portfolio Transfer" or "ACAT Transfer": This option will be found within the "Transfers" section.
Choose the Outgoing Broker: Select the name of the brokerage firm from which you are transferring your assets.
Provide Account Details: You'll need your account number at the outgoing broker.
Specify Full or Partial Transfer: Decide if you want to transfer your entire account ("Full ACAT") or just specific positions ("Partial ACAT").
Confirm Account Matching: Ensure the name on your existing brokerage account exactly matches your Webull account name. Mismatches will lead to delays or rejections.
Review and Authorize: You'll typically need to review and electronically sign a transfer authorization form.
Upload Supporting Documents (if required): Depending on the outgoing broker or the nature of the transfer, you might be asked to upload a recent statement from your old brokerage account.
Important Considerations for ACAT Transfers:
ACAT transfers can take up to 5-10 business days to complete, though sometimes longer depending on the responsiveness of the transferring firm.
Your old brokerage may charge a fee for outbound ACATs (e.g., $75-$100), but Webull does not charge for inbound ACATs and may even offer transfer fee reimbursements, so check their current promotions!
Fractional shares typically cannot be transferred and will be liquidated, with the cash proceeds transferred.
Step 3: Monitoring Your Deposit and Trading Power
Once you've initiated your deposit, you'll want to keep an eye on its status.
Check Deposit Records: Within the "Transfers" section of the Webull app, there's usually a "Deposit Record" or "Deposit History" option. Tap this to see the status of your pending and completed deposits.
Understand Buying Power:
Provisional Credit (for ACH): As mentioned, Webull often provides provisional buying power for ACH deposits before the funds fully clear. This means you can start trading almost immediately, but withdrawals of those funds won't be possible until they settle.
Settled Funds: Once your deposit has fully cleared (3-5 business days for ACH, 1-5 business days for wires), the funds become "settled cash" and are available for withdrawal or any type of trade.
Address Any Issues: If your deposit is delayed or rejected, check your email for notifications from Webull. Common reasons include mismatched names, incorrect bank details, or insufficient funds in your linked bank account. Contact Webull customer support if you need assistance.
Frequently Asked Questions (FAQs)
Here are 10 common questions about funding your Webull account, starting with "How to":
How to check my deposit status on Webull?
You can check your deposit status by navigating to the "Webull logo (center button)" > "Transfers" > "Deposit Record" within the Webull mobile app.
How to link a new bank account for deposits on Webull?
To link a new bank account, go to "Webull logo" > "Transfers" > "Deposit" > "Bank Transfer" (or ACH), and then follow the prompts to "Add Bank Account" using Plaid or by manually entering your bank details.
How to know if my ACH deposit is settled on Webull?
Your ACH deposit is settled when the "Available to Withdraw" amount in your account reflects the full deposited sum. This typically takes 3-5 business days from the deposit initiation.
How to avoid fees when depositing money into Webull?
ACH transfers are generally free on Webull's end. To avoid fees with wire transfers, consider using ACH if your deposit amount allows, or check if your bank offers free wire transfers (unlikely for most, but some premium accounts might).
How to deposit funds from an international bank account to Webull?
For international deposits, you'll typically use an "International Wire Transfer." Webull provides specific SWIFT/BIC codes and bank details for this purpose within the deposit section of the app.
How to cancel a pending deposit on Webull?
You may be able to cancel a pending ACH deposit if it hasn't started processing. Go to your "Deposit Record" and look for an option to cancel. If not available, contact Webull customer support immediately.
How to transfer stocks from another brokerage to Webull?
You initiate an ACAT transfer within the Webull app by going to "Webull logo" > "Transfers" > "Portfolio Transfer," then select your old broker and follow the instructions.
How to get provisional buying power after an ACH deposit on Webull?
Webull automatically grants provisional buying power for ACH deposits, often on the same day the deposit is initiated, allowing you to trade with a portion of the funds before they fully settle.
How to deposit a large sum of money into Webull?
For large sums, a wire transfer is often recommended due to faster settlement and higher limits compared to ACH. Always verify Webull's current deposit limits within the app.
How to find Webull's wire transfer bank details?
The specific bank details for a wire transfer (including beneficiary name, bank, account number, and unique reference) are provided directly in the Webull app when you select the "Wire Transfer" deposit method. Do not use details found elsewhere online.
