Feeling ready to access your hard-earned funds from Webull? Excellent! It's a straightforward process, but understanding each step will make it even smoother. Let's get you set up to withdraw your money with confidence.
Webull primarily supports withdrawals via bank transfers (ACH and Wire transfers). They generally do not support withdrawals to credit/debit cards or e-wallets like PayPal. You can only withdraw funds to bank accounts that are in your name.
Here's a very lengthy, step-by-step guide to withdrawing your money from Webull:
Step 1: Prepare for Your Withdrawal – The Pre-Flight Checklist!
Before you even open the Webull app, let's make sure you're ready for a seamless withdrawal. Think of this as your "pre-flight checklist."
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| How To Withdraw My Money From Webull |
What You'll Need:
Your Webull Account Credentials: This includes your username and password. You'll need to log into the app or desktop platform.
Your Linked Bank Account Information:
Bank Name
Account Number
Routing Number (for US banks)
Your Full Name (as it appears on your bank account)
Proof of Bank Account (sometimes required for new linkages or security reviews, like a recent bank statement showing your name, account number, and bank logo).
A Stable Internet Connection: To ensure your request goes through without interruption.
Key Considerations Before You Withdraw:
Settled Funds are Crucial: You can only withdraw funds that have settled in your Webull account. This means if you've recently sold stocks or deposited money, there might be a waiting period (typically 2-5 business days for ACH deposits to fully clear) before those funds are available for withdrawal. Check your "Funds Available for Withdrawal" in the app.
Withdrawal Limits: Be aware of any daily or transaction limits. For ACH withdrawals, Webull generally has a daily limit of $50,000. Wire transfers may have different limits.
Fees (Especially for Wire Transfers): While ACH withdrawals are typically free, wire transfers often incur fees. For domestic wire withdrawals, Webull might charge around $25, and for international wire withdrawals, it could be around $45. Check the latest fee schedule for your specific Webull entity (US, Singapore, Canada, etc.) as these can vary.
Linked Bank Account: You can only withdraw to a bank account in your name. If you need to withdraw to a new bank account, you'll first need to link it and potentially unlink your old one. This can take up to 24 hours for approval.
AML Rules: Due to Anti-Money Laundering (AML) regulations, it's generally much easier to withdraw to the same bank account you used for deposits. If you withdraw to a new bank account, you might need to wait at least 60 days from the time of deposit to withdraw those funds to the new account. Special situations like a closed old bank account require contacting Webull support with documentation.
Engage! So, before we dive into the actual steps, have you checked your "Funds Available for Withdrawal" in your Webull account? Knowing that amount will help you plan your withdrawal perfectly! If you're unsure where to find it, no worries, we'll cover that in the next step.
Step 2: Navigating the Webull App – Finding the Withdrawal Option
Now that you're prepared, let's open the Webull app and begin the withdrawal process. The mobile app is the most common way to initiate a withdrawal.
Sub-heading 2.1: Logging In
Open the Webull App: Tap on the Webull icon on your smartphone.
Log In: Enter your username and password. If you have biometric authentication (fingerprint, face ID) enabled, you can use that for quick access.
Tip: Read actively — ask yourself questions as you go.
Sub-heading 2.2: Locating the "Transfers" Section
Tap the Webull Logo: On the bottom center of the screen, you'll see the Webull logo (often a stylized 'W' or the bull icon). Tap this icon. This will typically take you to your main account page or a central hub.
Navigate to "Transfers": At the top of the screen, usually near your account overview, you'll see a section or button labeled "Transfers." Tap on this. This is your gateway for both deposits and withdrawals.
Sub-heading 2.3: Initiating the Withdrawal
Select "Withdraw": Within the "Transfers" section, you'll see options like "Deposit," "Withdraw," and "Transfer Stocks." Tap on "Withdraw."
Choose Your Withdrawal Currency: If you hold funds in multiple currencies (e.g., USD, HKD, SGD), you'll be prompted to select the currency you wish to withdraw. Make sure to select the correct currency that matches your bank account.
Step 3: Linking or Selecting Your Bank Account
This is a critical step where you either link a new bank account or select an already linked one.
Sub-heading 3.1: Adding a New Bank Account (If Not Already Linked)
If this is your first time withdrawing or you want to use a different bank account than your current linked one, you'll need to add it.
Tap "Add Bank Account": You'll see an option to "Add Bank Account." Tap this.
Enter Bank Details: Carefully input the required information:
Bank Name
Account Type (Checking, Savings)
Account Number
Routing Number (for US accounts)
Your Full Name (ensure it matches your bank account)
Upload Proof (If Requested): Webull may ask for evidence to verify your bank account. This could be a clear photo or scan of a recent bank statement (dated within the last 6 months) that clearly shows:
Your Full Name
Your Account Number
Your Bank's Logo
The Date of the Statement
Important Note: Ensure all sensitive information (like transaction history) is redacted if you're uncomfortable sharing it, but the essential details for verification must be visible.
Submit for Approval: After entering details and uploading proof, submit your request. Keep in mind that requests to link and unlink bank accounts can take up to 24 hours to approve. You might receive a notification once it's approved.
Sub-heading 3.2: Selecting an Existing Bank Account
If you already have a bank account linked and approved, this step is much quicker.
Choose Your Linked Account: You'll see a list of your linked bank accounts. Tap on the bank account where you want to receive the funds.
Verify Details: Quickly confirm that the displayed bank account details are correct.
Step 4: Specifying the Withdrawal Amount and Finalizing
You're almost there! This is where you tell Webull how much you want to withdraw.
QuickTip: The more attention, the more retention.
Sub-heading 4.1: Entering the Withdrawal Amount
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Input the Amount: A field will appear where you can enter the exact amount you wish to withdraw.
Review Available Funds: Double-check the "Funds Available for Withdrawal" displayed on the screen to ensure you're not attempting to withdraw more than what's settled and available.
Sub-heading 4.2: Reviewing and Confirming Your Request
Review Withdrawal Details: Before submitting, carefully review all the details of your withdrawal request:
Withdrawal Amount
Selected Bank Account
Any Applicable Fees (especially if it's a wire transfer)
Estimated Processing Time
Tap "Submit Withdrawal Request": Once you're confident everything is accurate, tap the "Submit Withdrawal Request" button.
Confirm (Final Step): A final confirmation pop-up will usually appear. Tap "Confirm" to finalize your request.
Congratulations! Your withdrawal request has been submitted.
Step 5: Understanding Withdrawal Timelines and Tracking
Now comes the waiting game, but it's important to know what to expect.
Sub-heading 5.1: Processing Times
The time it takes for your funds to reach your bank account depends on the withdrawal method:
ACH (Automated Clearing House) Withdrawals: These are the most common and generally take 1 to 5 business days to complete. The exact settlement time may vary slightly between banks. Many users report funds arriving within 2-3 business days.
Wire Transfers: Wire transfers are typically faster, often reaching your account within the same business day if initiated early enough, or by the next business day. However, they come with higher fees.
Real-Time Payment (RTP) Withdrawals (if available in your region): Some regions might offer RTP withdrawals, which can process within 30 minutes. However, for first-time RTP requests or requests made after 3 PM or on weekends/holidays, processing might be delayed until the next business day.
Sub-heading 5.2: Tracking Your Withdrawal Status
Webull usually provides a way to track the status of your withdrawal request within the app.
Go to "Transfers": Similar to how you initiated the withdrawal, navigate back to the "Transfers" section in the Webull app.
Check History/Status: Look for a "History," "Status," or similar tab/section where you can view past and pending transfer requests. You should see the status of your withdrawal there (e.g., "Pending," "Processing," "Completed").
Troubleshooting Common Webull Withdrawal Issues
Sometimes, things don't go as smoothly as planned. Here are some common issues and how to troubleshoot them:
Tip: Scroll slowly when the content gets detailed.
Insufficient Funds: Ensure you only withdraw settled funds. If you've recently sold assets, wait for the settlement period. Check your "Funds Available for Withdrawal."
Unlinked/Incorrect Bank Account: Make sure your bank account is correctly linked and verified. If you need to change it, remember the 60-day rule for new accounts if you're withdrawing funds that were recently deposited.
Withdrawal Limits Exceeded: You might have hit the daily ACH withdrawal limit ($50,000 for US accounts). If you need to withdraw more, consider splitting the withdrawal over multiple days or using a wire transfer (if applicable and fees are acceptable).
Bank Account Issues: Sometimes, the issue lies with your bank. Verify your account details are correct. If the issue persists, contact your bank to ensure there are no restrictions on incoming transfers.
Technical Glitches: If the app is acting up, try restarting it or clearing the cache. If the problem persists, try using the desktop version of Webull if available.
Contact Webull Support: If you've exhausted all troubleshooting steps, the best course of action is to contact Webull customer support. You can usually find their contact information (phone, email, in-app chat) in the "Help Center" or "Account" section of the app. Provide them with all relevant details of your withdrawal attempt.
10 Related FAQ Questions:
How to check my available funds for withdrawal on Webull?
You can check your available funds for withdrawal by tapping the Webull logo at the bottom of the app, then navigating to "Transfers," and looking for "Funds Available for Withdrawal" or a similar indicator on the withdrawal screen.
How to link a new bank account for withdrawals on Webull?
To link a new bank account, go to the "Transfers" section, select "Withdraw," and then choose "Add Bank Account." You'll need to enter your bank details and may be required to upload proof of account ownership (e.g., a bank statement).
How to change my linked bank account for withdrawals on Webull?
To change your linked bank account, you'll typically need to unlink the existing account first within the "Withdraw" section (look for an option to manage or delete linked accounts), and then follow the steps to add a new bank account.
How to find my bank's routing and account number for Webull withdrawal?
Your bank's routing and account number can usually be found on your checks (bottom left for routing, bottom right for account), on your bank's online banking portal, or by contacting your bank directly.
How to avoid withdrawal fees on Webull?
QuickTip: Skip distractions — focus on the words.
To avoid withdrawal fees, generally opt for ACH (Automated Clearing House) transfers, as Webull typically charges fees for wire transfers.
How to know if my funds are settled for withdrawal on Webull?
Funds are typically settled after 2-5 business days for ACH deposits or stock sales. Webull will display a clear "Funds Available for Withdrawal" amount in your account, which reflects only settled funds.
How to track the status of my Webull withdrawal?
You can track the status of your withdrawal by going to the "Transfers" section in the Webull app and looking for a "History" or "Status" tab, which will show you the progress of your requests.
How to cancel a pending withdrawal on Webull?
Whether you can cancel a pending withdrawal depends on its processing stage. If it's still "pending" and hasn't been fully processed by Webull or your bank, you might see an option to cancel it within the withdrawal history. If not, contact Webull support immediately.
How to withdraw a large amount from Webull if I hit the daily limit?
If your desired withdrawal amount exceeds the daily ACH limit, you can either spread the withdrawal over multiple days or consider using a wire transfer, keeping in mind the associated fees.
How to contact Webull customer support for withdrawal issues?
You can typically contact Webull customer support via their in-app chat, email (often found in the "Help Center" or "About Us" section), or a dedicated phone number which can also be found in their help resources.
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