Tired of watching your hard-earned profits sit in your Webull account? Ready to move that money into your personal bank account and perhaps treat yourself, pay bills, or reinvest elsewhere? Well, you've come to the right place! This comprehensive guide will walk you through every step of withdrawing your funds from Webull, ensuring a smooth and hassle-free experience. Let's get that money moving!
Step 1: Confirm Your Account is Ready for Withdrawal – The Pre-Flight Check!
Before you even think about hitting that "Withdraw" button, it's crucial to ensure your Webull account is in good standing and all necessary prerequisites are met. Imagine planning a trip without checking your passport – you wouldn't get far!
1.1 Verify Your Linked Bank Account: This is the most critical step. Webull primarily uses ACH (Automated Clearing House) transfers for withdrawals, which means your bank account needs to be correctly linked and verified.
If you haven't linked a bank account yet: You'll need to do this first. Look for an option like "Add Bank Account" within the "Transfers" or "Withdraw" section of the Webull app or web platform. You'll typically need to provide your bank's routing number and your account number. Webull might perform micro-deposits for verification, which you'll need to confirm.
If you have a linked bank account: Double-check that it's the correct one you wish to withdraw to. Remember, Webull only allows withdrawals to bank accounts in your name or a joint account where you are one of the holders. They do not support third-party transfers.
Important Note: If you've recently changed banking information (like your account password or registered email), your existing ACH link might have expired. You may need to relink your bank account.
1.2 Check Your Available Funds for Withdrawal: Just because you see a balance in your Webull account doesn't mean it's all immediately available for withdrawal. Several factors can affect this:
Settlement Period: Funds from recently sold securities (stocks, ETFs, options) need to "settle" before they can be withdrawn. For most trades, this is typically T+2 business days (Trade date + 2 business days). So, if you sold shares on Monday, the funds might not be available for withdrawal until Wednesday.
Recent Deposits: If you've recently deposited money into Webull, especially via ACH, there might be a hold period (e.g., 5 business days after your deposit) before those funds are available for withdrawal. This is a common practice to prevent fraud.
Margin Account Considerations: If you have a margin account, you can withdraw both cash balances and borrowed amounts backed by securities. However, be mindful of your margin maintenance requirements, as withdrawing too much could trigger a margin call.
To confirm your withdrawable balance, navigate to the "Account" section, then "Transfers," and finally "Withdraw" on the Webull mobile app.
1.3 Be Aware of Withdrawal Limits and Cutoff Times: Webull has a daily limit for ACH withdrawals. Currently, the daily ACH withdrawal limit is $50,000. The daily cutoff time for these requests is typically 4:00 PM EST. If you submit a request after this time, it might be processed on the next business day.
1.4 Understand Potential Holds:
ACATS Transfers: If you transferred assets into Webull via ACATS (Automated Customer Account Transfer Service), those assets might be subject to a withdrawal hold period of up to 30 days starting the day after the transfer has settled. This is a standard industry practice.
Different Bank Accounts for Deposit/Withdrawal: If you are withdrawing funds to a bank account different from the one used for recent deposits (within the last 60 days), Webull might require additional verification. If the original account is closed, contact Webull support.
Step 2: Initiating Your Withdrawal – The Main Event!
Now that you've done your due diligence, it's time to actually initiate the withdrawal. The process is straightforward, whether you're on the mobile app or the desktop/web platform.
2.1 Using the Webull Mobile App (Most Common Method):
Tap the Webull Logo: On the bottom center of your screen, you'll see the Webull logo. Tap on it to access your account summary.
Navigate to Transfers: At the top of your account screen, you should see "Transfers." Tap on it.
Select "Transfer Money": Within the Transfers section, choose the "Transfer Money" option.
Switch Transfer Direction: This is a crucial step! By default, it might be set to deposit. Look for a switch button or an option to change the transfer direction. You want to ensure the "To:" field shows your external bank account, indicating you are withdrawing from Webull.
Enter Withdrawal Amount: Input the exact amount of money you wish to withdraw. Make sure it's within your available withdrawal balance and daily limits.
Review and Submit: Carefully review all the details of your withdrawal request, including the amount and the linked bank account. Once you're confident, tap "Review and Submit."
2.2 Using the Webull Desktop Platform:
Access Account Section: On the left-hand side, hover over the icons and click on "Account" (if it's hidden, you might need to click "More").
Select "Withdraw" (within Banking Widget): Within the "Banking" widget on the Account page, you should see a "Withdraw" option. Click on it. This will typically redirect you to the "Transfer Money" page on the web version.
Choose Funding Account: In the "To" field, ensure your external bank account is selected as the destination for the funds.
Enter Withdrawal Amount: Type in the amount you want to withdraw.
Review and Submit: Review the details, then click "Submit."
2.3 Using the Webull Web Platform:
Go to "My Account": In the top right corner of the Webull website, navigate to "My Account."
Select "Transfer Money": Click on "Transfer Money."
Switch Transfer Direction: Similar to the app, tap the switch button to ensure you are withdrawing funds from your Webull account. The "To:" field should display your external bank account.
Choose Funding Account: Confirm your external bank account is selected.
Enter Withdrawal Amount: Enter the desired withdrawal amount.
Review and Submit: Review the details carefully and click "Submit."
Step 3: Understanding Withdrawal Timelines and Fees – Patience is a Virtue!
Once you've submitted your withdrawal request, the waiting game begins. Here's what to expect:
3.1 ACH Withdrawal Processing Time:
ACH withdrawals typically take 2-3 business days to process and for the funds to appear in your linked bank account.
Keep in mind: Business days exclude weekends and public holidays. So, a withdrawal initiated on a Friday might not arrive until the following Tuesday or Wednesday.
3.2 Wire Transfers (Less Common for Withdrawals):
While ACH is the primary method, wire transfers are also an option, particularly for larger sums or faster processing, though they usually incur fees.
Webull's clearing firm typically charges fees for wire transfers. For example, domestic wire withdrawals might cost around $50, and international wire withdrawals could be $100. These fees are charged by their bank, not Webull directly. Wire transfers are generally faster, often settling within 1 business day.
3.3 Tracking Your Transfer:
Webull provides a way to monitor the status of your withdrawal. On the Webull mobile app, go to "Transfers" and then "Recent Activity." This section will give you real-time updates and an estimated settlement date for your transaction.
Step 4: Troubleshooting Common Withdrawal Issues – When Things Don't Go as Planned
Sometimes, a withdrawal request might fail or be delayed. Here are some common reasons and what you can do:
4.1 Insufficient Funds:
Issue: You tried to withdraw more than your available "withdrawable cash."
Solution: Double-check the funds available for withdrawal in your account. Remember settlement periods for recently sold assets.
4.2 Daily Limit Exceeded:
Issue: Your withdrawal amount exceeded the $50,000 daily ACH limit.
Solution: If the pending withdrawal amount reaches the limit, wait for the current withdrawal to process (usually 1-2 business days), then attempt the remaining withdrawal. For larger amounts, consider a wire transfer if the urgency and fees are acceptable.
4.3 Different Bank Accounts:
Issue: You are withdrawing to a bank account that is different from the one used for recent deposits (within the last 60 days).
Solution: Webull may require additional verification. If the original account is closed, contact Webull customer support for guidance.
4.4 Invalid Bank Details (ABA/SWIFT Code):
Issue: The routing number (ABA code for US banks) or SWIFT code (for international wires) for your linked bank account is incorrect.
Solution: Ensure your bank is linked with the correct information. You might need to unlink and relink your bank account with accurate details.
4.5 Expired ACH Link:
Issue: You recently changed key information with your bank (e.g., account password, registered email), causing the ACH link to expire.
Solution: Relink your bank account to refresh the connection.
4.6 Recent ACAT Activity:
Issue: Funds are on hold due to a recent ACATS transfer into Webull.
Solution: Be patient. There's a hold period of up to 30 days after the transfer settles.
4.7 Third-Party Accounts:
Issue: You are trying to withdraw to a bank account that is not in your name (e.g., a friend's account, a business account not linked to your personal Webull account, or a third-party payment platform like PayPal/Venmo).
Solution: Webull strictly prohibits withdrawals to third-party accounts. You must withdraw to an individual or joint bank account in your name.
4.8 General Rejection or Unknown Issue:
Solution: If you cannot determine why your ACH withdrawal was rejected, take a screenshot of the rejection message and send it to Webull's customer support through their Help Center for assistance.
Step 5: Contacting Webull Support – When All Else Fails
If you've followed all the steps and are still facing issues, don't hesitate to reach out to Webull's customer service.
How to Contact Them:
Phone: You can typically find their support number on their website or within the app's "Help" or "About Us" section. For US users, a common number is +1 (888) 828-0618.
Email: You can also email them at support@webull.com.
In-App Support: Many issues can be resolved through their in-app help center or by submitting a ticket directly from the app.
When contacting support, be prepared with your account details, the specifics of your withdrawal attempt (amount, date, error messages), and any screenshots you may have.
By following these steps, you should be able to successfully withdraw your money from Webull. Remember to be patient with processing times and always double-check your information to avoid delays. Happy withdrawing!
10 Related FAQ Questions
Here are 10 frequently asked questions about withdrawing money from Webull, with quick answers:
How to check my withdrawable balance on Webull?
You can check your withdrawable balance by navigating to "Account" -> "Transfers" -> "Withdraw" on the Webull mobile app.
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 if you have an existing account, you may need to unlink it first before selecting "Add Bank Account" and providing the required details.
How to change my linked bank account for withdrawals on Webull?
You can unlink your current bank account from the "Transfers" -> "Withdraw" section and then proceed to add your new bank account. Note that linking/unlinking can take up to 24 hours for approval.
How to cancel a pending withdrawal on Webull?
On the Webull mobile app, tap the Webull logo, select "Transfers," then "Recent Activity." Choose the withdrawal request you wish to cancel. If it's still possible to cancel, a "Cancel" option will be available.
How to withdraw options profit from Webull?
Profits from options trades are treated like any other cash proceeds from securities sales. Once the funds from your options trade have settled (T+2 business days), they will be available for withdrawal via the standard ACH or wire transfer process.
How to withdraw money from Webull without selling my stocks?
You can only withdraw cash that is available in your account. If your funds are currently invested in stocks, you will need to sell those stocks first and wait for the trade to settle (T+2 business days) before the cash becomes withdrawable.
How to perform a partial withdrawal from Webull?
When initiating a withdrawal, simply enter the specific amount you wish to withdraw, as long as it does not exceed your available withdrawable cash and is within the daily limits.
How to find my Webull account number for external transfers?
Your Webull account number is typically found on your account statements or within the "Account" or "Profile" section of the Webull app or web platform.
How to check the status of my Webull withdrawal?
To track the status of your withdrawal, go to "Transfers" -> "Recent Activity" on the Webull mobile app. This section provides updates on your transaction's progress and estimated settlement date.
How to withdraw more than $50,000 from Webull?
For withdrawals exceeding the $50,000 daily ACH limit, you will need to either submit multiple ACH withdrawal requests over consecutive business days or consider initiating a wire transfer, which typically has higher limits but incurs a fee.