You've made some great investments on Webull, and now it's time to enjoy the fruits of your labor! Congratulations on your success! Getting your money out of Webull is a straightforward process, but understanding the steps and potential considerations will make it even smoother. Let's dive in and get those funds into your bank account!
How to Get Your Money Out of Webull: A Comprehensive Guide
Ready to access your funds? This guide will walk you through everything you need to know, from verifying your bank account to understanding withdrawal limits and troubleshooting common issues.
Step 1: Confirm Your Funds Are Ready for Withdrawal – Are You Sure It's Settled?
Before you can withdraw, it's crucial to ensure your funds are actually "available for withdrawal." This might seem obvious, but there's a key distinction.
Understanding Settlement Periods: When you sell a stock or other security, the funds don't instantly become available for withdrawal. There's a "settlement period" – usually 2 business days (T+2) – after a trade executes. This means if you sell shares on Monday, the cash might not be available until Wednesday.
Checking Your Available Balance: To confirm what you can withdraw, navigate to your Webull account.
On the Mobile App: Tap the Webull logo (bottom center) to access your account. Then, select Transfers ➝ Withdraw. You'll see your Available Withdrawal Balance there.
On Desktop/Web: Hover over the icons on the left and click Account (or More if hidden). Within the Banking widget, select Withdraw. This will take you to the transfer page where you can see your withdrawable funds.
Important Note on Recent Deposits: If you've recently deposited funds via ACH, there might be a hold period of up to 5 business days before those specific funds can be withdrawn. This is a standard security measure.
Step 2: Ensure Your Bank Account is Linked and Verified
Webull primarily uses ACH (Automated Clearing House) transfers for withdrawals, which means you'll need a linked and verified bank account. You can only withdraw funds to bank accounts that are in your name. Third-party accounts or payment platforms are generally not accepted.
Sub-heading: Linking a New Bank Account (if needed)
If you haven't linked a bank account, or you want to use a different one, here's how:
Open the Webull App: Tap the Webull logo at the bottom of the screen.
Navigate to Transfers: Tap 'Transfers' at the top of the screen.
Initiate Withdrawal: Tap 'Withdraw' and select your withdrawal currency.
Add Bank Account: Look for an option like "Add Bank Account" or "Link Bank Account."
Enter Details: You'll be prompted to enter your bank's details, including your full name, bank name, routing number (ABA code), and account number.
Upload Evidence (if required): In some cases, Webull might ask for evidence to verify your bank account, such as a bank statement dated within the past 6 months that shows your name, account number, and bank logo.
Review and Submit: Carefully review all the information before submitting.
Tip: Linking and unlinking bank accounts can take up to 24 hours for approval. Only one bank account is allowed for withdrawals at a time. If you want to use a new account, you'll need to unlink the old one first.
Sub-heading: Verifying an Existing Linked Account
Often, your linked bank account will already be verified if you've used it for deposits. However, if there have been changes to your bank information (like a new password or email), your ACH link might have expired. In such cases, you may need to relink or re-verify the account.
Step 3: Initiating Your Withdrawal Request
Once your funds are settled and your bank account is linked and verified, you're ready to initiate the withdrawal!
Sub-heading: On the Webull Mobile App
Tap the Webull Logo: From the main screen, tap the circular Webull logo at the bottom center.
Go to Transfers: Select Transfers from the top menu.
Choose "Transfer Money" or "Withdraw": You'll usually see an option like "Transfer Money." Tap it.
Switch Transfer Direction: This is important! Make sure the transfer direction is set correctly so that funds are going from your Webull account to your external bank account. You'll often see a switch button or arrows to change the "From:" and "To:" fields. Ensure the "To:" field shows your linked bank account.
Enter Withdrawal Amount: Input the exact amount you wish to withdraw.
Review and Submit: Carefully review the withdrawal details, including the amount and the receiving bank account. Tap Review and then Submit.
Sub-heading: On the Webull Desktop Platform or Website
Access Your Account: On the desktop app, hover over the icons on the left and click Account. On the website, navigate to My Account (top right).
Go to Banking/Transfer Money: Within the Banking widget, select Withdraw, or navigate to Transfer Money.
Select Funding Account: Choose your linked external bank account in the "To" field.
Enter Amount: Input the desired withdrawal amount.
Review and Submit: Review the details and click Submit.
Step 4: Understanding Withdrawal Processing Times and Limits
Once you've submitted your request, it's a waiting game. Here's what to expect:
ACH Withdrawal Timeframe: ACH withdrawals typically take 2-3 business days to process and appear in your bank account. Some sources mention 1-2 business days after processing for the funds to arrive. The exact settlement time can vary between banks.
Daily Withdrawal Limit: For ACH withdrawals, Webull has a daily limit of $50,000. The daily cutoff time is usually 4:00 PM EST. If your withdrawal exceeds this, you'll need to make multiple smaller withdrawals over several days.
Wire Transfers (Less Common for Withdrawals): While Webull supports wire transfers for deposits (which may have fees like $8 for domestic and $12.50 for international incoming wires), ACH is the primary method for outgoing withdrawals. Some regional Webull platforms might offer wire withdrawals, but they typically come with higher fees (e.g., $50 for domestic, $100 for international on Webull CA). Always check the specific fee schedule for your region if you consider a wire transfer for withdrawal.
Tracking Your Transfer: You can monitor the status and estimated settlement date of your withdrawal.
On the Mobile App: Go to Transfers ➝ Recent Activity. This section provides real-time updates.
Step 5: Troubleshooting Common Withdrawal Issues
Sometimes, withdrawals don't go as planned. Don't panic! Here are some common reasons and solutions:
Insufficient Funds: Double-check that your "Available Withdrawal Balance" truly has the amount you're trying to withdraw. Remember settlement periods.
Daily Limit Reached: If you're trying to withdraw more than $50,000 in a day, your request will be denied. Break it into smaller transactions.
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. If the original deposit account is closed, contact Webull support.
Invalid Bank Information: Ensure your linked bank account has the correct routing (ABA) and account numbers. Even a small typo can cause rejection. You might need to relink the account if the information is incorrect.
Expired ACH Link: If you recently changed key information with your bank (like your online banking password or registered email), your current ACH link with Webull might have expired. Try relinking your bank account.
Recent ACAT Activity: If you transferred assets to Webull via ACATS (Automated Customer Account Transfer Service), those assets might be subject to a withdrawal hold period of up to 30 days after settlement.
Third-Party Accounts: Webull will not allow withdrawals to third-party bank accounts or payment platforms. The bank account must be in your name (or a joint account with your name on it).
Funds from Cash Management Positions: If your funds are in a Webull Cash Management position, you'll need to redeem them first. Once processed, they become available for withdrawal, typically on the next business day.
Need Further Assistance?
If you've checked all the above and are still facing issues, don't hesitate to reach out to Webull customer service. They can provide specific insights into your account and help resolve any problems. You can usually find their contact information (phone number, email, or in-app support) within the Webull app or on their official website. Taking a screenshot of any error messages is always helpful when contacting support.
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 on the Webull mobile app by tapping the Webull logo, then selecting "Transfers" and then "Withdraw." On desktop/web, navigate to "Account" and then "Withdraw" under the Banking widget.
How to link a new bank account for withdrawals on Webull?
To link a new bank account, go to "Transfers" -> "Withdraw" in the Webull app, and look for an option to "Add Bank Account." You'll need to provide your bank details and potentially upload verification documents.
How to unlink an old bank account from Webull?
In the Webull app, go to "Transfers" -> "Withdraw," then tap on the linked bank account you wish to remove. There should be an option to unlink or remove it.
How to find my routing number and account number for Webull?
Your routing number (ABA code) and account number can typically be found on your bank's website, mobile app, or on a physical check or bank statement.
How to speed up Webull withdrawals?
Unfortunately, ACH withdrawal times are largely standardized (2-3 business days) and cannot be significantly sped up by the user. Ensuring your bank account is linked and verified, and that funds are fully settled, will prevent delays.
How to withdraw more than $50,000 from Webull?
Since the ACH daily limit is $50,000, you will need to initiate multiple withdrawal requests over several business days to withdraw amounts exceeding this limit.
How to know if my funds are settled on Webull?
Funds from sold securities typically settle in 2 business days (T+2). You can confirm the exact amount available for withdrawal in the "Withdraw" section of your Webull account.
How to contact Webull support for withdrawal issues?
You can usually find Webull's customer service contact information (phone, email, or in-app chat) on their official website or within the help section of the Webull app.
How to avoid withdrawal holds on Webull?
To avoid withdrawal holds, ensure your bank account is fully verified, understand the settlement periods for trades, and be aware of potential holds on recently deposited funds (up to 5 business days) or ACATS transfers (up to 30 days).
How to get money out of Webull if my linked bank account is closed?
If your originally linked bank account is closed, you will need to contact Webull customer support directly. They will guide you through the process of verifying a new bank account and facilitating your withdrawal.
