Ready to access your funds from Webull? It's a common question, and thankfully, the process is straightforward once you know the steps. Whether you've seen some great returns, need funds for an emergency, or are simply rebalancing your portfolio, withdrawing money from your Webull account is a simple operation. Let's dive in!
Understanding Webull Withdrawals
Before we get into the nitty-gritty, it's important to understand a few key things about Webull withdrawals:
Bank Transfers Only: Currently, Webull only supports withdrawals via bank transfers (ACH transfers or wire transfers). This means you cannot withdraw funds to credit/debit cards, third-party payment platforms like PayPal, or e-wallets.
Linked Bank Account: You must withdraw funds to a verified bank account in your name. Webull does not allow withdrawals to third-party accounts (e.g., accounts held by title companies or trusts).
Settlement Times: There are settlement periods for deposits and trades. Generally, deposited funds need to clear before they can be withdrawn. For example, ACH withdrawals typically take 2-3 business days to process and appear in your bank account, but some international transfers or first-time withdrawals might take longer. Funds from a recent deposit might be subject to a hold period (e.g., 5 business days after your deposit) before they become available for withdrawal.
Fees: While Webull generally offers commission-free trading, there might be fees associated with certain withdrawal methods, particularly wire transfers. ACH withdrawals are typically free.
Withdrawal Limits: There are daily limits for ACH withdrawals. For instance, the daily limit for ACH withdrawals is often $50,000.
Now, let's get you those funds!
Step 1: Get Ready - Are Your Funds Available for Withdrawal?
Hold on a second! Before you even think about hitting that "Withdraw" button, let's make sure your funds are actually ready to be moved. This is a crucial first step that many users overlook.
Sub-heading: Check Your Available Funds
The very first thing you need to do is confirm the amount of money available for withdrawal. This isn't always the same as your total account value, especially if you've recently made deposits or traded securities.
Why this matters: Funds from recent deposits or sales of securities need to "settle" before they can be withdrawn. This means the transactions have completed and the cash is officially in your account and not subject to any holds.
How to check:
On the Webull Mobile App:
Tap the Webull logo (usually at the bottom center of the screen).
Navigate to "Account" (or "Assets" in some versions).
Look for a section related to "Transfers" or "Withdraw." Here, you should see your "Available for Withdrawal" balance.
On the Webull Desktop/Web Platform:
Hover over the icons on the left and click "Account" (if hidden, you might need to click "More").
Look for a "Banking" widget or a "Transfers" section.
Similar to the app, you'll find the amount available for withdrawal.
Sub-heading: Verify Your Linked Bank Account
You can only withdraw to a pre-linked and verified bank account that is in your name. If you haven't linked one yet, or if your banking information has changed, you'll need to do that first.
What to do:
Ensure your bank account is already linked to your Webull account.
If not, you'll typically find an option to "Link Bank Account" within the "Transfers" or "Withdraw" section. You'll likely need to provide your bank's routing number and your account number. Webull often uses services like Plaid for instant verification.
Important Note: If you're withdrawing to a bank account different from the one used for recent deposits (especially within the last 60 days), Webull might require additional verification for security purposes. If your original bank account is closed, contact Webull support.
Step 2: Initiating the Withdrawal - App, Web, or Desktop
Once you've confirmed your available funds and your bank account is good to go, it's time to initiate the withdrawal request. The process is largely similar across Webull's platforms.
Sub-heading: Through the Webull Mobile App (Most Common)
This is the most popular way to manage your Webull account.
Tap the Webull Logo: Open your Webull app and tap the Webull logo (the bull's head icon) at the bottom center of your screen. This takes you to your main account dashboard.
Go to Transfers: At the top of the screen, you'll usually see options like "Transfers," "Assets," "P&L," etc. Tap on "Transfers."
Select "Withdraw": Within the Transfers section, you'll see options for "Deposit" and "Withdraw." Tap on "Withdraw."
Switch Transfer Direction (if needed): On the transfer money page, there's often a "switch" button or arrow to change the direction of the transfer. Ensure the "To:" field shows your external bank account and the "From:" field shows your Webull account.
Choose Withdrawal Currency (if applicable): If you hold multiple currencies, select the currency you wish to withdraw.
Enter Withdrawal Amount: Carefully input the amount you wish to withdraw. Make sure it's within your "Available for Withdrawal" balance and also within Webull's daily withdrawal limits.
Select Your Linked Bank Account: If you have multiple bank accounts linked, select the specific account where you want the funds to be sent.
Review and Submit: Double-check all the details – the amount, the receiving bank account, and any potential fees. Once everything looks correct, tap "Review" and then "Submit Withdrawal Request." You may need to enter your trading password for confirmation.
Sub-heading: Via the Webull Desktop Platform
For those who prefer a larger screen or desktop interface:
Log In and Go to Account: Log in to your Webull desktop application. On the left-hand side, hover over the icons and click on "Account" (if you don't see it, click "More" to expand the menu).
Navigate to Banking/Withdraw: Within the "Account" section, look for a "Banking" widget or a direct "Withdraw" option. Clicking "Withdraw" will usually guide you to the Transfer Money page on the web.
Choose Funding Account: On the transfer page, ensure your Webull account is selected as the source of funds and your linked bank account is the destination ("To" field).
Enter Amount and Review: Input the desired withdrawal amount.
Submit: Review the details and then click "Submit."
Sub-heading: Using the Webull Website
If you're accessing Webull through a web browser:
Access My Account: Go to the Webull website and log in. Navigate to "My Account" (usually found at the top right corner).
Select Transfer Money: Click on "Transfer Money."
Switch Direction: Similar to the app, use the switch button to ensure you're withdrawing from your Webull account to your external bank account.
Choose Funding Account and Enter Amount: Select the bank account where you want the funds to go and enter the withdrawal amount.
Review and Submit: Review all the information carefully and then click "Review" followed by "Submit."
Step 3: Understanding Withdrawal Processing and Tracking
Once you've submitted your request, the waiting game begins. But don't worry, you can track its progress!
Sub-heading: Processing Times
ACH Withdrawals: These are the most common type for US users. ACH withdrawals typically take 2-3 business days to process and appear in your linked bank account. The daily cutoff time for ACH withdrawals is usually 4:00 PM EST (or 1:00 PM Central Time). Requests made after this time will be processed the next business day.
Wire Transfers (Less Common for Withdrawals, but available for larger amounts/international): Wire transfers are generally faster, often reaching your bank account within the same business day or next business day, but they typically come with higher fees ($25-$50 for domestic, $50-$100+ for international). These are usually reserved for larger sums of money.
First-Time Withdrawals: Be aware that your first withdrawal or a withdrawal after certain account changes might take slightly longer due to additional verification processes.
Sub-heading: Tracking Your Withdrawal
Webull provides tools to monitor the status of your transfer.
On the Webull Mobile App:
Tap the Webull logo.
Go to "Transfers".
Look for "Recent Activity" or "Transfer History." This section will provide real-time updates on your transaction's progress, including estimated settlement dates.
On the Desktop/Web Platform: You'll find similar "Transfer History" or "Recent Activity" sections within your "Account" or "Banking" areas.
Step 4: Troubleshooting Common Withdrawal Issues
Sometimes, a withdrawal might not go through as planned. Here are some common reasons and what you can do:
Sub-heading: Insufficient Funds
Issue: You tried to withdraw more money than is available in your "Available for Withdrawal" balance.
Solution: Double-check your "Available for Withdrawal" amount in the app. Remember that recently deposited funds or funds from recently sold securities might not have settled yet. Wait for these funds to clear before attempting to withdraw.
Sub-heading: Daily Withdrawal Limit Reached
Issue: You've exceeded Webull's daily ACH withdrawal limit (e.g., $50,000).
Solution: If your withdrawal amount reaches the limit, you'll need to wait for the current withdrawal to process (usually 1-2 business days) before attempting another withdrawal. Consider making multiple smaller withdrawals over a few days if you need to access a large sum.
Sub-heading: Different Bank Accounts
Issue: You're trying to withdraw to a bank account that is different from the one used for your recent deposits (within the last 60 days).
Solution: Webull has this policy for security. You may need to use the original bank account, or if that's not possible (e.g., account closed), you'll need to contact Webull customer support for assistance. They may require additional verification.
Sub-heading: Invalid Bank Information (ABA/Routing or SWIFT Code)
Issue: The routing number (ABA code for US banks) or SWIFT code (for international wire transfers) for your linked bank account is incorrect.
Solution: Double-check your bank's routing number and your account number. If needed, re-link your bank account to ensure the information is accurate.
Sub-heading: Expired ACH Link or Bank Changes
Issue: If you've recently changed key information with your bank (like your online banking password or registered email), your existing ACH link with Webull might have expired or become invalid.
Solution: Try relinking your bank account to refresh the connection.
Sub-heading: Recent ACATS Activity (Account Transfers)
Issue: You recently transferred assets into Webull from another brokerage via ACATS.
Solution: Assets transferred via ACATS are subject to a withdrawal hold period of up to 30 days from the day after the transfer has settled. You'll need to wait for this hold period to expire.
Sub-heading: Third-Party Accounts Not Allowed
Issue: You're trying to withdraw to a bank account that is not in your name (e.g., a friend's account, a business account not directly linked to your personal Webull account, or a payment platform like Wise or Revolut).
Solution: Webull strictly enforces withdrawals to individual or joint bank accounts in your name. You cannot withdraw to third-party accounts.
Sub-heading: General Rejection / Unsure of Reason
Issue: Your withdrawal request was rejected, and you're not sure why.
Solution: Take a screenshot of the rejection message if there is one. Then, contact Webull's customer support through their in-app help center or by calling their support number. Provide them with the screenshot and a clear description of the issue.
Frequently Asked Questions (FAQs)
Here are 10 common questions about withdrawing money from Webull:
How to check if my bank account is linked for withdrawals?
You can usually check your linked bank accounts within the "Transfers" or "Withdraw" section of the Webull mobile app or desktop platform. It will show you the accounts available for withdrawals.
How to change the bank account linked for withdrawals on Webull?
To change your linked bank account, you'll typically go to the "Transfers" or "Banking" section, find the option to manage linked accounts, and then add a new bank account or remove an old one. You may need to verify the new account before withdrawing to it.
How to speed up a Webull withdrawal?
For faster withdrawals, a wire transfer is generally quicker than an ACH transfer, often settling within the same or next business day. However, wire transfers incur higher fees. Ensure your bank account is correctly linked and that funds are fully settled to avoid delays.
How to find my Webull withdrawal history?
On the Webull mobile app, navigate to the Webull logo > "Transfers" > "Recent Activity" or "Transfer History." On the desktop/web platform, look for "Transfer History" within your "Account" or "Banking" sections.
How to avoid Webull withdrawal fees?
The best way to avoid withdrawal fees is to use ACH transfers, as Webull generally does not charge fees for these. Wire transfers, especially international ones, will incur fees from Webull and potentially from intermediary banks.
How to withdraw funds if my Webull account is closed?
If your Webull account is closed, any remaining funds should be automatically transferred to your linked bank account. If not, or if you have issues, you must contact Webull customer service directly to arrange the withdrawal of your remaining balance.
How to tell if my funds have settled and are available for withdrawal?
Within the "Transfers" or "Withdraw" section of your Webull account, you will see an explicit "Available for Withdrawal" balance. This amount reflects funds that have fully settled and are ready to be transferred out.
How to contact Webull customer support for withdrawal issues?
You can contact Webull customer support through their in-app help center (usually under "Menu" or "More"), by email (support@webull.com), or by phone. Check the "Contact Us" section on their official website for the most current phone number.
How to withdraw a large amount of money from Webull?
For large withdrawals exceeding the daily ACH limit, you can either perform multiple ACH withdrawals over several business days or consider a wire transfer, which has higher limits but also higher fees. Confirm the specific limits and fees with Webull support for large transfers.
How to withdraw money from Webull if I changed banks?
If you've changed banks, you'll need to link your new bank account to your Webull profile and verify it. If your old bank account, which was used for recent deposits, is now closed, you must contact Webull customer service as they may require additional verification to allow withdrawals to a newly linked account.