It's exciting when your investments grow, and eventually, you'll want to access those funds. Withdrawing money from your Webull account is a straightforward process, but understanding the steps and potential considerations will make it even smoother. Let's get you set up to successfully withdraw your hard-earned money!
How to Withdraw Money from Webull: A Step-by-Step Guide
Ready to get your money from Webull? Let's walk through it together.
Step 1: Confirm Your Bank Account Details Are Linked and Verified
Before you can even think about withdrawing, Webull needs to know where to send your money. This is a crucial first step and often where people hit their first hurdle.
Sub-heading: Why is this so important?
Webull, like most regulated financial institutions, has strict rules about where funds can be sent to prevent fraud and money laundering. This means:
Only to your individual bank account: You cannot withdraw funds to a third-party bank account or a third-party payment platform (like Wise or Revolut). The bank account must be in your name, matching your Webull account.
Verification is key: Your linked bank account needs to be verified. This usually happens during the initial setup when you deposit funds, but it's always good to double-check. If you've recently changed bank details or haven't linked one yet, this is your priority.
Sub-heading: How to check and link your bank account:
Open the Webull App: Tap the Webull logo at the bottom center of your screen.
Navigate to Transfers: At the top of the screen, you'll see "Transfers." Tap on it.
Check Linked Accounts: Look for a section related to linked bank accounts. If you don't have one linked, or need to add a new one, follow the prompts to provide your bank's routing number (ABA code) and your account number.
Verification Process: If this is a new link, Webull might initiate a micro-deposit verification process. They will send small amounts (e.g., a few cents) to your bank account, and you'll need to confirm these amounts in the Webull app. This ensures the account is truly yours. This can take up to 48 hours.
Step 2: Initiate the Withdrawal Request
Once your bank account is securely linked and verified, you're ready to tell Webull how much you want to withdraw.
Sub-heading: Accessing the Withdrawal Feature:
From the Webull App:
Tap the Webull logo (bottom center) to access your account dashboard.
Select 'Transfers' at the top of the screen.
Tap 'Withdraw'.
From the Webull Desktop Platform:
Hover over the icons on the left sidebar and click 'Account' (you might need to click 'More' if it's hidden).
Within the "Banking" widget, select 'Withdraw'. This will often redirect you to the "Transfer Money" page on the web.
From the Webull Web Platform:
Navigate to 'My Account' (usually top right).
Select 'Transfer Money'.
Sub-heading: Filling out the Withdrawal Form:
Regardless of the platform you're using, the next steps are generally the same:
Select Withdrawal Currency: If you have funds in multiple currencies, choose the currency you wish to withdraw.
Choose Your Bank Account: Make sure the "To:" field shows your external bank account. If you have multiple linked accounts, select the correct one.
Input the Withdrawal Amount: Enter the amount you wish to withdraw. Be mindful of minimum withdrawal amounts and daily limits (more on this later!).
Review and Submit: Carefully review all the details you've entered. Ensure the amount is correct and the receiving bank account is the one you intend to use.
Confirm: Tap or click 'Submit Withdrawal Request' and then 'Confirm' (if prompted).
Step 3: Understand Withdrawal Processing Times and Limits
You've submitted your request – great! Now, it's important to know what to expect in terms of when your money will arrive and any limitations that might apply.
Sub-heading: How Long Will It Take?
The processing time for withdrawals from Webull can vary depending on several factors, primarily the type of transfer (ACH) and the processing times of the banks involved.
ACH Withdrawals (Standard): Typically take 2-3 business days to process and appear in your bank account.
First-time requests or requests after cut-off times: If it's your very first withdrawal, or if you submit a request after the daily cut-off time (often 4:00 PM EST), it might be processed the next business day, adding a day to the overall time.
Weekends and Public Holidays: Requests submitted on weekends or public holidays will be processed on the next business day.
Apex Clearing vs. Webull Omnibus: Depending on how your account is held, the settlement time for funds after a deposit might vary before they are available for withdrawal.
Apex Clearing: Funds are generally available for withdrawal on the sixth business day after your deposit.
Webull Omnibus: Funds are generally available for withdrawal on the fifth business day after your deposit.
Sub-heading: Withdrawal Limits and Minimums:
Webull has certain limits and minimums to be aware of:
Daily ACH Withdrawal Limit: The daily limit for ACH withdrawals is typically $50,000. If your withdrawal amount exceeds this, you'll need to make multiple requests over several days.
Minimum Withdrawal Amounts: While standard ACH withdrawals often don't have a stated minimum, some international or specific transfer types might. For example, for some regions, the minimum withdrawal amount can be USD 50, SGD 50, or HKD 300 for TT withdrawals. Always check the specific requirements for your region and currency.
Step 4: Monitor Your Withdrawal Status
After submitting your request, you don't have to just wait blindly. Webull provides tools to track the progress of your withdrawal.
Sub-heading: Tracking Your Transfer:
In the Webull App:
Tap the Webull logo (bottom center).
Go to 'Transfers'.
Select 'Recent Activity'.
Here, you'll find real-time updates on your transaction's progress, including estimated settlement dates.
Sub-heading: What if my withdrawal fails?
Occasionally, a withdrawal request might fail. Common reasons include:
Insufficient Funds: Double-check the funds available for withdrawal in your account. Remember that unsettled funds from recent sales might not be immediately available.
Daily Limit Reached: If you've already hit the $50,000 daily ACH limit.
Different Bank Accounts: If you're trying to withdraw to a bank account different from the one used for recent deposits (within the last 60 days), additional verification might be required.
Invalid Bank Details: Incorrect ABA (routing) or SWIFT codes.
Expired ACH Link: If you recently changed key information with your bank (like an account password), your existing ACH link might have expired. You'll need to relink your account.
Recent ACAT Activity: Assets transferred via ACATS (Automated Customer Account Transfer Service) from another brokerage might be subject to a withdrawal hold period of up to 30 days after settlement.
Third-Party Accounts: As mentioned, Webull does not support withdrawals to third-party accounts.
If your withdrawal fails and you're unsure why, take a screenshot of the error and contact Webull's customer support.
Step 5: Understanding Fees (or Lack Thereof)
One of the best parts about withdrawing from Webull is the general absence of direct withdrawal fees for standard ACH transfers.
Sub-heading: Webull's Fee Structure:
No Basic Withdrawal Fee: For typical ACH withdrawals, Webull generally does not charge a basic withdrawal fee.
Potential Bank Charges: While Webull doesn't charge you, your own bank might impose fees for receiving electronic transfers. These are usually small, if applicable at all, for standard ACH transfers within your country.
Wire Transfers/International Transfers: If you're initiating a wire transfer or an international withdrawal, there will likely be fees involved, both from Webull's side and intermediary banks. These are typically much higher than ACH fees. For example, TT withdrawals often have specific fees. Always check the fee schedule for these types of transfers if applicable.
10 Related FAQ Questions
Here are some common questions about withdrawing money from Webull, 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. This will show you the funds that are settled and ready for withdrawal.
How to change the linked bank account for withdrawals on Webull?
Go to your "Account" section, then "Transfers" or "Banking," and you should find an option to manage your linked bank accounts. You can add a new one and set it as the default for withdrawals, but ensure it's in your name.
How to cancel a pending withdrawal request on Webull?
You can 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. Cancellation is only possible if the request hasn't been processed by their clearing firm yet.
How to withdraw money from Webull if my linked bank account is closed?
If your original linked bank account is closed or inaccessible, you'll need to link a new, active bank account in your name. Then, contact Webull customer support for assistance, providing documentation if necessary.
How to withdraw uninvested cash from Webull?
Uninvested cash in your Webull account is generally available for withdrawal once it has settled. Follow the standard withdrawal steps, selecting your uninvested cash balance as the withdrawal source.
How to withdraw funds from a closed position on Webull?
Funds from a closed (sold) position are not immediately available for withdrawal. They must first "settle," which typically takes 2 business days (T+2). Once settled, they will appear in your available withdrawal balance.
How to handle withdrawal limits if I need to withdraw a large amount from Webull?
If your withdrawal exceeds the daily ACH limit ($50,000), you will need to initiate multiple withdrawal requests over successive business days until you've withdrawn the desired amount.
How to confirm my Webull withdrawal was successful?
You can monitor the status and estimated settlement date of your withdrawal by going to 'Transfers' -> 'Recent Activity' on the Webull mobile app. You will also typically receive a confirmation email from Webull once the withdrawal is processed.
How to contact Webull customer service for withdrawal issues?
You can contact Webull customer service through their in-app help center, via email (support@webull.com), or by phone (+1 (888) 828-0618). Provide clear details and screenshots if you encounter an error.
How to withdraw funds transferred to Webull via ACATS?
Funds transferred to Webull via ACATS (Automated Customer Account Transfer Service) are subject to a withdrawal hold period of up to 30 days, starting the day after the transfer has settled. You'll need to wait for this hold period to clear before initiating a withdrawal of those specific assets.