Hey there, savvy investor! Ever wondered how to get your hard-earned profits from Webull into your bank account? You've traded, you've invested, and now it's time to enjoy the fruits of your labor. This comprehensive guide will walk you through every step of withdrawing money from Webull to your bank account, making the process as smooth as possible. Let's dive in!
A Step-by-Step Guide to Withdrawing Money from Webull to Your Bank Account
Withdrawing funds from your Webull account is a straightforward process, but it's crucial to understand each step to ensure a seamless transfer. We'll primarily focus on the mobile app, as it's the most common way users interact with Webull.
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| How To Withdraw Money From Webull To Bank Account |
Step 1: Are Your Funds Ready to Withdraw? (The All-Important Settlement Period)
Before you even think about hitting that "Withdraw" button, the most important thing to understand is the settlement period. This is often overlooked and can cause frustration if you try to withdraw funds that aren't yet "settled."
What is a Settlement Period? When you sell stocks, ETFs, or options, the money isn't immediately available for withdrawal. It takes a few business days for the transaction to settle and for the funds to officially transfer to your account.
For US equities and options, the settlement period is typically T+1, meaning the funds settle one business day after the trade date.
For Hong Kong stocks and Australian equities, it's usually T+2.
Checking Your Available Funds: To see how much you can actually withdraw, navigate to your account section on the Webull app. Look for an "Available for Withdrawal" or similar balance. This figure only includes funds that have cleared the settlement period.
Currency Conversion (If Applicable): If you've sold US shares, the cash settlement will be in USD. If your linked bank account is in a different currency (e.g., INR in India, AUD in Australia), you might need to convert the currency within the Webull app before initiating the withdrawal. Webull usually provides an in-app conversion feature.
Pro Tip: Don't try to withdraw funds immediately after selling. Give it a business day or two for US stocks, and slightly longer for other markets, to avoid withdrawal rejections.
Step 2: Accessing the Transfer Section on Webull
Now that you've confirmed your funds are settled and ready, let's get to the withdrawal initiation.
Sub-heading: Via the Mobile App
Tap the Webull Logo: Open your Webull app. You'll typically find the Webull logo (often a bull icon) at the bottom center of your screen. Tap on it. This will usually take you to your main account or portfolio overview.
Navigate to 'Transfers': At the top of the screen, you should see an option labeled "Transfers." Tap on this. This is your hub for all money movement in and out of your Webull account.
Select 'Withdraw': Within the "Transfers" section, you'll see options like "Deposit," "Withdraw," and "Internal Transfer." Choose "Withdraw."
Sub-heading: Via the Web/Desktop Platform
Tip: Revisit challenging parts.
While the mobile app is common, you can also withdraw funds from the Webull website or desktop application.
Access Your Account: On the Webull website, log in and typically find "My Account" in the top right corner, or on the desktop app, hover over the icons on the left and click "Account" (you might need to click "More" if it's hidden).
Go to 'Transfer Money' or 'Withdraw': Look for a "Transfer Money" or "Withdraw" option within the banking or account management widget. This will lead you to the withdrawal page.
Step 3: Specifying Your Withdrawal Details
This is where you tell Webull how much you want to withdraw and where to send it.
Sub-heading: Choosing Your Withdrawal Currency
Select Your Currency: On the withdrawal screen, you'll be prompted to select your withdrawal currency. Ensure this matches the currency of your linked bank account. If you have funds in multiple currencies on Webull, select the one you wish to withdraw.
Sub-heading: Inputting the Withdrawal Amount
Enter the Amount: Carefully input the amount of money you wish to withdraw. Double-check that this amount does not exceed your "available for withdrawal" balance. If it does, your request will be rejected.
Understanding Withdrawal Limits: Webull, like most brokers, has daily withdrawal limits. For ACH withdrawals in the US, the daily limit is typically $50,000. Keep this in mind for larger withdrawals.
Step 4: Confirming Your Bank Account (and Linking if Necessary)
Webull will only allow withdrawals to verified bank accounts in your name. This is a crucial security measure.
Sub-heading: Verifying Your Linked Bank Account
Pre-linked Accounts: If you've previously deposited funds from a bank account, it's likely already linked and verified for withdrawals. It's generally much easier to withdraw to the same bank account you deposited from.
Selecting Your Account: If you have multiple bank accounts linked, ensure you select the correct one where you want the funds to be deposited.
Unlinking/Relinking Accounts: If your current linked bank account has issues (e.g., account closed, changed details), you may need to unlink it and relink a new one.
To unlink on the mobile app: Go to Webull logo > More > Bank Account (green icon on the right) > Click on your bank account > Tap the little recycle basket icon at the top right.
To relink: Go back to the deposit section and add your new bank account details. Webull might require verification via micro-deposits or real-time verification. Linking a new bank account can take up to 24 hours for approval.
New Bank Account for Withdrawal: 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 due to Anti-Money Laundering (AML) rules. In some cases, you might have to wait at least 60 days from the time of deposit to withdraw to a new account. If your old bank account is closed, contact Webull support with proof of closure and your new account details.
Important Note: Webull does NOT support withdrawals to third-party bank accounts or payment service providers like Wise or Revolut. Withdrawals must be made to an individual or joint bank account held in your name.
QuickTip: Scroll back if you lose track.
Step 5: Review and Submit Your Withdrawal Request
Before the final click, always review your withdrawal details.
Review Details: The app/website will present a summary of your withdrawal request: amount, destination bank account, and any associated fees. Read this carefully!
Submit Request: Once you've confirmed everything is correct, tap "Submit Withdrawal Request" or "Confirm." You might need to enter your trading password or use biometric authentication (Face ID/Fingerprint) for security.
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Step 6: Tracking Your Withdrawal and Awaiting Funds
The waiting game begins! But you can track the progress.
Tracking Your Transfer:
On the Webull mobile app, go to Transfers > Recent Activity. This section provides real-time updates on your transaction's progress and estimated settlement date.
Withdrawal Timeframes:
ACH Withdrawals (US): Typically take 2-3 business days to process and appear in your bank account.
Real-Time Payment (RTP) (e.g., Malaysia): Can be as fast as 30 minutes, but this is bank-dependent.
Interbank GIRO (IBG) (e.g., Malaysia): Webull processes within 3-5 hours, but bank processing times vary. Requests after 3 PM on business days are processed the next business day.
International Wire Transfers (less common for direct withdrawal from Webull to bank, usually for large sums): Can take up to 5 business days.
Potential Delays:
First-time withdrawals: May experience slightly longer processing times.
Weekend/Public Holiday Requests: Will be processed on the next business day.
Bank processing times: Your bank's internal processing can add to the overall time.
Step 7: Understanding Fees (or Lack Thereof)
Webull Fees: For standard ACH withdrawals in many regions (like the US), Webull generally does not charge handling fees for the withdrawal process itself.
Bank Fees: However, your receiving bank might charge a fee for incoming transfers. For example, domestic wire transfers into Webull have an $8 fee, and international wires cost $12.50 (charged by Webull's bank, not Webull directly). While these are for deposits, it highlights that bank-specific fees can exist for withdrawals as well.
RTP Fees (Malaysia): Some specific payment methods like RTP in Malaysia may have a small fee (e.g., MYR 0.50).
Always check Webull's official fee schedule for the most up-to-date and region-specific information.
Frequently Asked Questions (FAQs)
Here are 10 common questions related to withdrawing money from Webull to your bank account:
How to check if my funds are settled and available for withdrawal?
Tip: Focus more on ideas, less on words.
You can check your "Available for Withdrawal" balance within your Webull account section on the mobile app or web platform. This balance only includes funds that have cleared the T+1 (US stocks) or T+2 (other markets) settlement period after selling your positions.
How to link a new bank account for withdrawals on Webull?
On the Webull app, go to the Webull logo (bottom center) > Transfers > Withdraw. If you don't have an account linked or wish to add a new one, you'll see an "Add Bank Account" option. Follow the prompts to provide your bank details and potentially upload verification documents. Note that linking a new account can take up to 24 hours for approval.
How to unlink an old bank account from Webull?
On the mobile app, tap the Webull logo > More > Bank Account (green icon on the right) > Click on the bank account you wish to remove. There should be a small recycle bin or trash can icon at the top right to unlink it.
How to withdraw money if my linked bank account is closed?
If your previously linked bank account is closed, you will need to contact Webull support directly. You will likely need to provide documents proving the old account's closure and the new account's details (in your name) to facilitate the withdrawal.
How to cancel a pending withdrawal request on Webull?
You may be able to cancel a pending ACH withdrawal if our clearing firm hasn't processed it yet. On the Webull mobile app, go to Transfers > Recent Activity and select the withdrawal request. If it's cancellable, an option to cancel will be available.
Tip: The middle often holds the main point.
How to avoid withdrawal rejections from Webull?
Ensure your funds have fully settled, you are withdrawing to a verified bank account in your name, the withdrawal amount does not exceed your "available for withdrawal" balance or daily limits, and your linked bank account information (like routing/ABA code) is correct and up-to-date.
How to check the status of my Webull withdrawal?
On the Webull mobile app, navigate to "Transfers" and then "Recent Activity." This section provides real-time updates and estimated settlement dates for your pending and completed transactions, including withdrawals.
How to withdraw foreign currency from Webull to my local bank account?
If you have funds in a foreign currency (e.g., USD from US stock sales) and your bank account is in your local currency (e.g., INR), you may need to perform a currency conversion within the Webull app before initiating the withdrawal. Look for a currency exchange option in the transfer section.
How to know if there are fees for withdrawing from Webull?
For standard ACH withdrawals to US bank accounts, Webull generally does not charge fees. However, some region-specific payment methods (like RTP in Malaysia) might have a small fee, and your receiving bank might also charge incoming transfer fees. Always refer to Webull's official fee schedule for precise information.
How to troubleshoot a failed Webull withdrawal?
Common reasons for failed withdrawals include insufficient settled funds, exceeding daily limits, trying to withdraw to an unverified or third-party bank account, incorrect bank details (ABA/SWIFT code), or an expired ACH link. Check the "Recent Activity" for rejection reasons, and if needed, unlink/relink your bank account or contact Webull customer support with a screenshot of the error.
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