You've made some great investments, watched your portfolio grow, and now you're ready to enjoy the fruits of your labor! Withdrawing funds from your Webull account is a straightforward process, but knowing the steps and understanding the nuances can make it even smoother. Let's dive in and get those funds into your bank account!
How to Withdraw from Your Webull Account: A Comprehensive Step-by-Step Guide
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| How To Withdraw From Webull Account |
Step 1: Are You Ready to Cash Out? Understanding Withdrawal Prerequisites
Before you even think about hitting that "withdraw" button, let's make sure you're all set. This is a crucial first step that can save you a lot of time and potential headaches down the line!
1.1 Verify Your Linked Bank Account
The most important prerequisite for withdrawing funds is having a verified bank account linked to your Webull account. Webull only allows withdrawals to bank accounts held in your name (individual or joint accounts). They do not support third-party accounts or payment platforms.
How to check if your bank is linked: You would typically have linked your bank account when you first set up your Webull account or made a deposit. If you haven't, or if you're unsure, you'll need to do so before proceeding.
Linking a new bank account: If you need to link a new bank account, you'll generally find this option within the "Transfers" or "Withdraw" section of the Webull app or web platform. You'll need to provide your bank's routing number and your account number. Sometimes, Webull might require you to upload evidence of your bank account, such as a voided check or a bank statement. Remember, linking or unlinking a bank account can take up to 24 hours for approval.
1.2 Understand Settlement Periods
Just because you sold a stock doesn't mean the cash is immediately available for withdrawal. There's a settlement period, which is the time it takes for a trade to officially clear.
For most stock trades in the US, the settlement period is T+2, meaning it takes two business days after the transaction date for the funds to settle.
Funds from recent deposits might also have a hold period. For example, some deposits might be available for withdrawal on the fifth business day after they've cleared.
Assets transferred via ACATS (Automated Customer Account Transfer Service) to Webull are subject to a longer withdrawal hold period of up to 30 days from the day after the transfer has settled.
1.3 Check Your Available Funds
Always confirm the exact amount of funds available for withdrawal. Your "cash balance" might include unsettled funds.
You can typically find your available-to-withdraw balance in the "Account" or "Transfers" section of the Webull platform.
Tip: The middle often holds the main point.
Step 2: Navigating the Webull Platform to Initiate Withdrawal
Now that you've confirmed your readiness, let's get into the actual steps of initiating your withdrawal request. The process is very similar across the Webull mobile app, desktop application, and web platform.
2.1 Mobile App (Most Common)
The Webull mobile app is the most popular way for users to manage their accounts.
Open the Webull App: Launch the Webull application on your smartphone or tablet.
Tap the Webull Logo: You'll usually find the Webull logo (often a circular icon) at the bottom center of your screen. Tap it to access your account section.
Select "Transfers": On the next screen, look for and tap on the "Transfers" option, usually located near the top of the screen.
Choose "Transfer Money": Within the "Transfers" section, select "Transfer Money."
Switch Transfer Direction: This is a crucial step to ensure you're withdrawing funds from Webull. You'll see a switch or an arrow button to change the direction of the transfer. Make sure the "To:" field displays your linked external bank account.
Enter Withdrawal Amount: Input the exact amount you wish to withdraw.
Review and Submit: Carefully review all the details of your withdrawal request, including the amount and the destination bank account. Once you're sure everything is correct, tap "Review and Submit" or simply "Submit."
2.2 Desktop Platform
If you prefer managing your investments on a larger screen, the desktop platform offers a similar experience.
Launch the Webull Desktop Application: Open the Webull desktop app on your computer.
Hover and Click "Account": On the left-hand side, hover over the icons. Click on "Account" (you might need to click "More" if it's hidden).
Select "Withdraw" in Banking Widget: Within the "Banking" widget, you'll find the "Withdraw" option. Clicking this will likely redirect you to the "Transfer Money" page on the Webull web platform.
Choose Funding Account: In the "To" field, select your desired linked bank account.
Enter Withdrawal Amount: Input the amount you wish to withdraw.
Review and Submit: Review the details and then click "Submit."
2.3 Web Platform
Accessing Webull through your web browser is also an option.
Go to the Webull Website: Navigate to the Webull website and log in to your account.
Navigate to "My Account": Look for "My Account" in the top right corner of the page.
Select "Transfer Money": Click on "Transfer Money."
Switch Transfer Direction: Similar to the app, tap the switch button to ensure you're withdrawing funds from your Webull account. The "To:" field should show your external bank account.
Choose Funding Account: Select the linked bank account where you want the funds to go.
Enter Withdrawal Amount: Enter the amount you wish to withdraw.
Review and Submit: Review the details carefully and then click "Submit."
Step 3: Understanding Withdrawal Methods, Limits, and Fees
Webull primarily uses ACH (Automated Clearing House) transfers for withdrawals. While wire transfers are also an option, they generally come with fees.
Tip: Reading carefully reduces re-reading.
3.1 ACH Withdrawals (Recommended for Most Users)
Speed: ACH withdrawals typically take 2-3 business days to process and appear in your bank account. The exact settlement time can vary slightly depending on your receiving bank.
Cost: ACH withdrawals are generally free on Webull.
Daily Limit: The daily limit for ACH withdrawals is $50,000. If you need to withdraw more than this, you'll have to make multiple withdrawal requests over several days. The daily cutoff time for ACH withdrawals is typically 4:00 PM EST.
3.2 Wire Transfers (For Larger Amounts or Faster Processing, with Fees)
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While less common for everyday withdrawals due to fees, wire transfers are an option for larger sums or when you need funds to arrive more quickly.
Speed: Wire transfers are generally faster than ACH, often settling within 1 business day.
Cost: Webull charges fees for wire transfers.
Domestic Wire Withdrawal: Around $25 (this fee is charged by Webull's bank, not Webull directly).
International Wire Withdrawal: Around $45 (this fee is also charged by Webull's bank).
Limits: Wire transfer limits are generally much higher than ACH limits, though specific limits might vary.
Step 4: Tracking Your Withdrawal and Troubleshooting Common Issues
Once you've submitted your withdrawal request, you'll want to keep an eye on its progress.
4.1 Tracking Your Transfer
Mobile App: Go to "Transfers" and then "Recent Activity" on the Webull mobile app. This section provides real-time updates on your transaction's progress and estimated settlement date.
4.2 Common Reasons for Withdrawal Delays or Rejection
Insufficient Funds: Double-check that you have enough available funds (settled cash) to cover your withdrawal.
Daily Limit Exceeded: If your withdrawal amount exceeds the $50,000 daily ACH limit, it will be rejected. Try withdrawing a smaller amount or spreading your withdrawal over multiple days.
Different Bank Accounts: If you're withdrawing 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 your original bank account is closed, you'll need to contact Webull support.
Invalid Bank Information: Ensure your linked bank account details (routing number/ABA code, account number) are correct and up-to-date.
Expired ACH Link: If you've recently changed key information with your bank (like your online banking password or registered email), your existing ACH link might have expired. You'll need to re-link your bank account.
Recent ACATS Activity: As mentioned earlier, funds transferred via ACATS have a significant hold period.
Third-Party Accounts: Webull strictly enforces withdrawals to accounts in your name. Attempts to withdraw to a third-party account will be rejected.
Unsettled Trades: If you've recently sold assets, the funds might still be pending settlement. Wait for the settlement period to pass (typically T+2).
4.3 When to Contact Support
If your withdrawal is taking longer than expected, or if you encounter a rejection and can't determine the reason, don't hesitate to contact Webull customer support.
In-app Help Center: Webull offers an in-app help center where you can often find answers or submit a ticket.
Phone Support: You can contact Webull customer service by phone (e.g., +1 (888) 828-0618 for US users).
Email Support: You can also reach them via email (e.g., support@webull.com).
It's helpful to take a screenshot of any error messages you receive to provide to support.
QuickTip: Pay close attention to transitions.
Frequently Asked Questions about Webull Withdrawals
How to check my available withdrawal balance on Webull?
You can typically check your available withdrawal balance by navigating to the "Account" section, then "Transfers," and finally "Withdraw" within the Webull mobile app or web platform.
How to link a new bank account for withdrawals on Webull?
To link a new bank account, go to "Transfers" -> "Withdraw" and look for an option like "Add Bank Account." You'll need to provide your bank details (routing and account number) and may need to upload verification documents.
How to cancel a pending withdrawal on Webull?
You can cancel a pending ACH withdrawal through the Webull mobile app by going to "Transfers" -> "Recent Activity" and selecting the withdrawal. If the withdrawal is still capable of being canceled (i.e., not yet processed by the clearing firm), you'll see a "Cancel" option.
How to withdraw more than the daily ACH limit from Webull?
The daily ACH withdrawal limit is $50,000. To withdraw more, you will need to submit multiple withdrawal requests on separate business days or consider a wire transfer for larger, single transactions (which incurs fees).
How to know if my funds are settled and available for withdrawal?
QuickTip: Pause at lists — they often summarize.
Funds from sold securities typically settle in T+2 business days. Webull's platform will display your "available for withdrawal" balance, which only includes settled funds.
How to deal with a rejected Webull withdrawal?
First, review the rejection reason provided by Webull. Common reasons include insufficient settled funds, exceeding daily limits, or issues with your linked bank account. Correct the issue (e.g., wait for settlement, reduce amount, re-link bank) and try again. If unsure, contact Webull support.
How to find my bank's routing number for Webull withdrawals?
Your bank's routing number can usually be found on your checks, through your online banking portal, or by contacting your bank directly.
How to change my linked bank account for Webull withdrawals?
To change your linked bank account, you typically need to unlink the current account first, then add the new one. This process can be found in the "Transfers" or "Withdraw" section of the Webull app, and approval can take up to 24 hours.
How to contact Webull customer service for withdrawal issues?
You can contact Webull customer service via their in-app help center, by phone (e.g., +1 (888) 828-0618 for US), or through email (e.g., support@webull.com).
How to avoid withdrawal fees on Webull?
To avoid withdrawal fees, always opt for ACH transfers. Wire transfers incur fees for both domestic and international transactions.
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