Ready to access your funds from Webull? Whether you've seen impressive gains or simply need to transfer some capital back to your bank, the process is straightforward once you know the steps. Let's dive in and get that money moving!
The Essential Guide to Withdrawing Money from Webull
Withdrawing funds from your Webull account primarily involves transferring money to a linked bank account. Webull offers ACH (Automated Clearing House) transfers and, in some cases, wire transfers. ACH is generally free and more common for everyday withdrawals, while wire transfers are faster but come with fees.
Before you begin, ensure you have:
A verified bank account: This must be an individual or joint account in your name. Webull does not support third-party accounts or payment platforms like Wise or Revolut for withdrawals.
Sufficient funds available for withdrawal: Remember that recently deposited funds or funds from sold securities may have a settlement period before they are "available for withdrawal."
Step 1: Confirm Your Available Balance and Settlement Status
"So, you're ready to withdraw? That's fantastic! But before we initiate any transfers, let's make sure you know exactly how much you can actually take out."
It's crucial to distinguish between your total account value and your withdrawable cash. Funds from recent deposits (especially ACH) or sales of securities may take a few business days to settle before they become available for withdrawal.
How to Check Your Withdrawable Funds:
On the Webull Mobile App:
Tap the Webull logo at the bottom center of the screen.
Navigate to Account.
Look for "Transfers" or a similar section and then "Withdraw." Here, you'll see your available withdrawal balance.
On the Webull Desktop Platform/Web:
Hover over the icons on the left and click on Account (or "More" if "Account" is hidden).
Within the "Banking" widget, select "Withdraw." This will take you to the transfer page where your withdrawable amount should be displayed.
Keep in mind: For ACH deposits, funds typically clear in 3-5 business days. For funds from sold securities, the standard settlement period (T+2) means they are generally available two business days after the trade. Assets transferred via ACATS (Account Transfer from another brokerage) may have a withdrawal hold period of up to 30 days.
Step 2: Linking Your Bank Account (If Not Already Linked)
"Think of your bank account as the secure 'landing strip' for your funds. If you haven't set this up yet, no worries, it's a quick and essential step."
You can link up to 5 bank accounts to your Webull account. Ensure the bank account is in your name (individual or joint).
Detailed Steps to Link Your Bank Account:
On the Webull Mobile App:
Tap the Webull logo (bottom center).
Tap "Transfers" at the top of the screen.
Tap "Withdraw" and select your desired Withdrawal Currency.
Look for an option like "Add Bank Account".
You will be prompted to enter your bank details, which typically include:
Bank Name
Routing Number (ABA Code)
Account Number
Your full name as it appears on the bank account.
Webull may require you to upload evidence such as a bank statement (dated within the past 6 months and showing the bank logo, your name, and account number) for verification.
Submit the details.
Important Note: Requests to link or unlink bank accounts can take up to 24 hours to approve.
Changing a Linked Bank Account:
If you need to change your linked bank account, you'll first need to unlink the existing one before adding a new one.
Follow the initial steps to "Withdraw" and select your currency.
Tap the ">" icon on the bank account you wish to remove.
Confirm the unlinking process.
Then, proceed to "Add Bank Account" as described above.
Step 3: Initiating the Withdrawal Request
"Now for the main event – getting that money out! The process is quite similar across Webull's platforms."
Webull primarily supports withdrawals via ACH (Automated Clearing House) transfers. Wire transfers are also an option, but come with higher fees.
Sub-heading: For ACH Withdrawals (Recommended for Most Users)
ACH transfers are free and suitable for most withdrawal needs.
On the Webull Mobile App:
Tap the Webull logo (bottom center) to access your account.
Select "Transfers".
Tap "Transfer Money".
Crucially, tap the switch button to change the transfer direction. Ensure the "From:" field shows your Webull account and the "To:" field shows your external bank account.
Enter the withdrawal amount.
Tap "Review and Submit".
Confirm the details.
On the Webull Desktop Platform:
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 Money" page on the web.
Choose your Webull funding account in the "From" field and your external bank account in the "To" field.
Enter the withdrawal amount.
Select "Review".
Once reviewed, select "Submit".
On the Webull Web Platform:
Navigate to "My Account" (top right).
Select "Transfer Money".
Tap the switch button to ensure you are withdrawing from Webull.
Choose your linked bank account in the "To" field.
Enter the withdrawal amount.
Select "Review".
Once reviewed, select "Submit".
Sub-heading: For Wire Transfers (Faster, but with Fees)
Wire transfers are typically faster than ACH but incur fees. They are usually best for larger, urgent withdrawals.
Webull charges $25 for domestic wire withdrawals and $45 for international wire withdrawals.
The exact steps for initiating a wire transfer may vary slightly but will be found within the "Withdraw" section, often under a different tab or option. You will need your bank's wire transfer details, including SWIFT/BIC code for international transfers.
Minimum Withdrawal: Note that TT (Telegraphic Transfer/Wire Transfer) withdrawals may have minimum amounts (e.g., USD 50, SGD 50, HKD 300).
Step 4: Monitoring Your Withdrawal and Settlement
"The withdrawal request has been sent! Now, let's keep an eye on its journey back to your bank account."
Once you've submitted your withdrawal request, you'll want to track its progress.
How to Track Your Transfer:
On the Webull Mobile App:
Go to "Transfers".
Select "Recent Activity". This section provides real-time updates on your transaction's progress, including estimated settlement dates.
Withdrawal Timeframes:
ACH Withdrawals: These typically take 2-3 business days to process and appear in your bank account. The daily cutoff time for ACH withdrawals is 4:00 PM EST. Requests submitted after this time will be processed on the next business day.
Wire Transfers: These are generally faster, often settling within 1 business day, but the exact time can vary depending on your bank and whether it's a domestic or international transfer.
Step 5: Troubleshooting Common Withdrawal Issues
"Sometimes, things don't go exactly as planned. Don't worry, here are some common reasons a withdrawal might fail and what you can do."
If your withdrawal request is rejected or delayed, consider the following:
Insufficient Funds: Double-check your available withdrawal balance. Funds not yet settled from deposits or trades cannot be withdrawn.
Daily Limit Exceeded: The daily limit for ACH withdrawals is $50,000. If your pending withdrawal amount reaches this limit, you'll need to wait for the current withdrawal to process (usually 1-2 business days) before attempting another.
Different Bank Accounts: If you're trying to withdraw to a bank account different from the one used for recent deposits (within the last 60 days), Webull may require additional verification. If your original linked bank account is closed, contact Webull support.
Invalid Bank Details: Ensure the ABA code (routing number) or SWIFT code and account number are correct for your linked bank account. Update your account information if needed.
Expired ACH Link: If you've recently changed key information with your bank (like password or email), your existing ACH link might have expired. You'll need to relink your bank account.
Recent ACAT Activity: Funds transferred to Webull via ACATS may be subject to a withdrawal hold period of up to 30 days.
Third-Party Accounts: As mentioned, Webull only allows withdrawals to bank accounts in your name. Withdrawals to third-party accounts will be rejected.
Maintenance or System Issues: Occasionally, there might be temporary system issues. Check Webull's announcements or status page, or try again later.
If you're unable to determine why your withdrawal was rejected, it's best to take a screenshot of the rejection message and contact Webull's customer support through their Help Center or directly via phone/email.
Frequently Asked Questions (FAQs)
Here are 10 common "How to" questions related to withdrawing money from Webull:
How to Check My Withdrawable Balance on Webull? You can check your withdrawable balance on the Webull mobile app by tapping the Webull logo, going to "Account," then "Transfers," and finally "Withdraw." On the desktop/web platform, navigate to "Account" and then "Withdraw" under the "Banking" widget.
How to Link a New Bank Account to Webull for Withdrawals? On the Webull mobile app, go to the Webull logo > "Transfers" > "Withdraw" > select withdrawal currency > "Add Bank Account." You'll need to input your bank details and potentially upload a bank statement for verification.
How to Unlink a Bank Account from Webull? To unlink a bank account, go to the Webull app > Webull logo > "Transfers" > "Withdraw" > select withdrawal currency. Tap the ">" icon next to the bank account you wish to remove and confirm the unlinking.
How to Initiate an ACH Withdrawal on Webull? From the Webull mobile app, tap the Webull logo > "Transfers" > "Transfer Money." Make sure the transfer direction is set to withdraw (From: Webull, To: Your Bank Account), enter the amount, and submit.
How to Initiate a Wire Transfer Withdrawal from Webull? Wire transfer options are usually found within the "Withdraw" section on Webull. You'll need your bank's wire transfer details (including SWIFT/BIC for international wires). Be aware of the associated fees ($25 domestic, $45 international).
How to Track the Status of My Webull Withdrawal? You can track your withdrawal status on the Webull mobile app by navigating to "Transfers" and then "Recent Activity." This section provides updates and estimated settlement dates.
How to Cancel a Pending Withdrawal on Webull? You can cancel a pending ACH withdrawal through the Webull mobile app (Webull logo > "Transfers" > "Recent Activity") if it hasn't been processed by the clearing firm yet. Once processing, it cannot be canceled.
How to Speed Up a Webull Withdrawal? The fastest withdrawal method is generally a wire transfer, although it incurs fees. ACH withdrawals typically take 2-3 business days. There isn't a way to significantly speed up ACH processing beyond this timeframe.
How to Resolve a Failed Webull Withdrawal? Check for common issues like insufficient available funds, exceeding daily limits ($50,000 for ACH), incorrect bank details, or attempts to withdraw to a third-party account. If issues persist, contact Webull customer support with a screenshot of any error messages.
How to Withdraw Funds from a Recently Closed Position on Webull? Funds from closed positions need to settle before they can be withdrawn. The standard settlement period for stock trades is T+2, meaning the funds will be available two business days after the trade executes. Check your "available withdrawal balance" after this period.
