Ready to take all your hard-earned money out of Webull? Whether you're moving to a new brokerage, consolidating your investments, or simply cashing out, the process can seem a little daunting at first. But don't worry, we're here to guide you through every single step to ensure a smooth and successful withdrawal of all your funds from your Webull account.
Let's get started!
How to Withdraw All Money from Webull: A Comprehensive Step-by-Step Guide
Withdrawing all your money from Webull involves a few key stages, from ensuring your assets are liquid to initiating the transfer to your linked bank account. Follow these steps carefully to make sure you don't miss anything.
Step 1: Prepare Your Account for Withdrawal
This is where the journey begins, and it's a crucial initial phase that many users might overlook. Before you even think about hitting that "Withdraw" button, you need to ensure your Webull account is ready for a full cash-out.
Sub-heading 1.1: Liquidate All Your Assets
First and foremost, if you have any open positions (stocks, ETFs, options, cryptocurrencies, etc.) in your Webull account, you need to sell them. You cannot withdraw assets directly; they must first be converted into cash.
Sell all stocks and ETFs: Go to your portfolio, select each stock or ETF, and choose the "Sell" option.
Close all options positions: This might involve selling your options contracts or letting them expire if they are out of the money.
Sell any cryptocurrencies: If you hold crypto on Webull, ensure it's sold for fiat currency (like USD).
Be mindful of settlement times: Once you sell an asset, the funds don't become immediately available for withdrawal. Stock and ETF sales typically take 2 business days (T+2) to settle. Options and crypto might have different settlement periods. Do not attempt to withdraw funds until they have fully settled and are reflected as "Available to Withdraw" cash.
Sub-heading 1.2: Check for Pending Orders
Make sure you don't have any pending buy or sell orders that could tie up your funds. Cancel any open orders to ensure all your cash is freed up.
Sub-heading 1.3: Verify Your Linked Bank Account
Webull requires you to withdraw funds to a bank account in your name. Third-party bank accounts or payment platforms are generally not supported.
Confirm your linked bank account details: Double-check that the bank account linked to your Webull account is correct and active.
Ensure it's your individual bank account: Webull will not process withdrawals to joint accounts where your name isn't clearly listed as an account holder, or to accounts not matching your Webull account name.
Consider potential verification: If you recently changed your bank account or are withdrawing to a different account than the one you deposited from (especially within the last 60 days), Webull might require additional verification steps for security purposes. This could include providing proof that your old account is closed or that the new account is indeed yours.
Step 2: Initiate the Withdrawal Process in the Webull App
Once your assets are liquidated and settled, and your bank account is confirmed, you're ready to start the withdrawal request. The Webull mobile app is the primary way to do this.
Sub-heading 2.1: Navigate to the Transfers Section
Open the Webull App on your mobile device.
Tap the Webull logo (usually located at the bottom center of the screen). This will typically take you to your account overview.
From there, look for and tap on "Transfers" at the top of the screen.
Sub-heading 2.2: Select the "Withdraw" Option
Within the "Transfers" section, you'll see options like "Deposit," "Withdraw," and "Internal Transfer."
Tap on "Withdraw."
Choose your withdrawal currency (e.g., USD, HKD, RMB, depending on your account region).
Sub-heading 2.3: Enter the Withdrawal Amount and Bank Details
Input the full amount you wish to withdraw. Ensure this amount does not exceed your "Available to Withdraw" balance.
If you have multiple bank accounts linked, select the specific bank account where you want the funds to be deposited.
If you haven't linked a bank account yet, you will be prompted to "Add a Bank Account" at this stage. Follow the on-screen instructions to link your account, which usually involves providing your bank's routing number and your account number.
Sub-heading 2.4: Review and Submit Your Request
Carefully review all the details of your withdrawal request: the amount, the receiving bank account, and any potential fees.
Tap "Submit Withdrawal Request" and then "Confirm."
Pro-tip: Take a screenshot of your confirmation page for your records.
Step 3: Understand Withdrawal Timelines and Limits
It's important to have realistic expectations regarding when your funds will arrive and any limitations that might apply.
Sub-heading 3.1: Processing Timeframes
ACH Withdrawals (US): For most users in the US, withdrawals are processed via ACH (Automated Clearing House). These typically take 2-3 business days to complete and appear in your bank account.
Wire Transfers (US and International): While Webull primarily uses ACH for domestic withdrawals, wire transfers might be an option for larger amounts or international transfers, and they usually incur fees. Domestic wires can take 1-2 business days, while international wires can take up to 5 business days.
Settlement Period after Deposits: Be aware that if you've recently deposited funds via ACH, there might be a holding period (e.g., 5-6 business days) before those newly deposited funds become available for withdrawal. This is an anti-money laundering (AML) measure.
Sub-heading 3.2: Withdrawal Limits and Fees
Daily Limits: Webull typically has a daily limit for ACH withdrawals. For example, the daily limit for ACH withdrawals is often around $50,000. If your withdrawal exceeds this, you might need to make multiple requests over several days or consider a wire transfer if applicable.
Minimum Withdrawal Amounts: There might be minimum withdrawal amounts, especially for wire transfers (e.g., USD 50 for TT withdrawals).
Fees: While Webull generally doesn't charge fees for standard ACH withdrawals, your bank might charge incoming wire transfer fees. For international withdrawals or wire transfers, Webull might also charge a fee (e.g., $12.50 for international wires). Always check the fee schedule within the app before confirming your withdrawal.
Step 4: Monitor Your Withdrawal Status
After submitting your request, you can easily track its progress within the Webull app.
Sub-heading 4.1: Check Recent Activity
Tap the Webull logo, then go to "Transfers."
Select "Recent Activity."
Here, you'll see the status of your withdrawal request, including the estimated settlement date. This section provides real-time updates on your transaction's progress.
Sub-heading 4.2: What to Do if There are Delays
If your withdrawal is taking longer than the stated timeframe, first check your "Recent Activity" for any status updates or rejection reasons.
Common reasons for delays/failures: Insufficient available funds, exceeding daily limits, withdrawing to a different bank account than a recent deposit, incorrect bank details (ABA/routing number, SWIFT code), or an expired ACH link (you might need to unlink and relink your bank account).
If you can't determine the issue, contact Webull customer support directly. Be prepared to provide screenshots and details of your request.
Step 5: Consider Account Closure (Optional)
If you have successfully withdrawn all your money and no longer wish to use Webull, you can proceed to close your account.
Sub-heading 5.1: Steps to Close Your Account
Ensure all cash has been withdrawn and there are no open positions or pending orders.
Retrieve necessary documents: Download and save any account statements, tax documents, or trade confirmation reports you might need for your records. You can typically find these in the "Account" or "Menu" section of the Webull app.
In the Webull App, tap the Menu button (bottom right).
Tap "Settings."
Tap "Manage Brokerage Account."
Tap "Close Brokerage Account." Follow the prompts to confirm your decision.
Remember, once your account is closed, you will no longer have access to the Webull platform.
10 Related FAQ Questions
Here are some common questions users have when withdrawing money from Webull, with quick answers:
How to check my "Available to Withdraw" balance on Webull?
You can check your "Available to Withdraw" balance by navigating to the "Account" section in the Webull app, then "Transfers," and finally "Withdraw." The amount shown there is what you can currently withdraw.
How to link a new bank account for withdrawals on Webull?
Within the "Withdraw" section of the app, if you don't have a bank account linked or wish to add a new one, you'll see an option to "Add a Bank Account." Follow the prompts to provide your bank's routing and account numbers, and complete any verification steps.
How to cancel a pending withdrawal request on Webull?
In the Webull app, go to "Transfers" and then "Recent Activity." If your withdrawal request is still pending and hasn't been processed by the clearing firm, you might see an option to "Cancel" it.
How to withdraw funds from a closed position on Webull?
Funds from closed positions automatically become part of your "Cash Balance." Once the trade has settled (typically T+2 for stocks/ETFs), these funds will then reflect in your "Available to Withdraw" balance.
How to deal with withdrawal fees on Webull?
Webull generally doesn't charge fees for ACH withdrawals. However, if you opt for a wire transfer, there will likely be fees charged by Webull and/or your receiving bank. Always review the fee details before confirming your withdrawal.
How to resolve a rejected withdrawal request on Webull?
Common reasons include insufficient funds, daily limit exceeded, or incorrect/unverified bank details. Check the rejection reason in your "Recent Activity." If unclear, relink your bank account or contact Webull support with a screenshot of the error.
How to withdraw funds quickly from Webull?
For the fastest withdrawal within the US, ACH is the standard. If available for your account type and amount, wire transfers can sometimes be quicker (1-2 business days) but usually come with higher fees.
How to transfer money from Webull to another brokerage?
Instead of withdrawing to your bank and then depositing to another brokerage, you can often initiate an "ACATS" (Automated Customer Account Transfer Service) transfer directly between brokerages. This moves assets "in-kind" (without selling) and is initiated from the receiving brokerage's side.
How to get tax documents after withdrawing all money and closing Webull?
Before closing your account, it's highly recommended to download all your annual and monthly statements, as well as tax documents (like 1099-B). If you forget, you may need to contact Webull customer support to request them after closure.
How to troubleshoot if my linked bank account is not showing up for withdrawal on Webull?
Ensure your bank account is correctly linked and verified. Sometimes, unlinking and then relinking your bank account within the Webull app can resolve connection issues. If the problem persists, contact Webull customer support for assistance.
