It's exciting when your investments grow, and eventually, you'll want to access those funds! Moving money from your Webull account to your bank is a straightforward process, but knowing the exact steps and potential considerations can make it even smoother. This comprehensive guide will walk you through everything you need to know.
How to Move Money from Webull to Your Bank Account: A Step-by-Step Guide
Ready to get started? Let's turn those digital gains into real-world funds!
Step 1: Confirm Your Bank Account is Linked and Verified
Before you can even think about withdrawing, Webull needs to know where to send your money. This is arguably the most crucial first step.
Have you linked a bank account to Webull before?
If yes, great! Proceed to the next section to ensure it's still active and verified.
If no, you'll need to link one first. Webull primarily uses ACH (Automated Clearing House) transfers for withdrawals, which requires a linked bank account.
Verification is Key: Webull will only allow withdrawals to a bank account in your name. They do not permit transfers to third-party accounts or payment platforms. If you recently changed bank information (like a password or email), your existing ACH link might have expired, requiring you to relink it.
How to Check/Link Your Bank Account:
On the Webull Mobile App:
Tap the Webull logo (usually at the bottom center of the screen) to access your account.
Navigate to Transfers.
Look for options to Link Bank Account or Manage Bank Accounts.
If linking, you'll typically enter your bank's routing number and your account number. Webull may use micro-deposits (small, random amounts) to verify your account. You'll need to confirm these amounts in your bank statement.
On the Webull Desktop/Web Platform:
Hover over the icons on the left and click Account (or "More" if "Account" isn't visible).
Within the Banking widget, look for options to link or manage accounts. This will often direct you to the "Transfer Money" page on the web version.
Important Note: Requests to link or unlink bank accounts can take up to 24 hours to approve. Patience is a virtue here!
Step 2: Understand Funds Availability and Holding Periods
You can only withdraw funds that are settled and available for withdrawal. This is a common point of confusion for many users.
Settlement Period for Deposits: If you've recently deposited money into Webull, it's subject to a holding period. For ACH deposits, funds typically take 3-5 full business days to fully clear before they become available for withdrawal.
Settlement Period for Trades: When you sell stocks or other assets, the proceeds from those sales also need to settle. This usually takes 2 business days (T+2) for most securities.
ACATS Transfers: If you transferred assets to Webull from another brokerage via an ACATS (Automated Customer Account Transfer Service) transfer, those assets may be subject to a longer withdrawal hold period, up to 30 days from the day after the transfer has settled. This is a security measure.
How to Check Available Funds:
On the Webull Mobile App:
Tap the Webull logo.
Go to Account -> Transfers -> Withdraw.
You'll see the amount of funds currently available for withdrawal. This is the crucial number.
Pro Tip: Don't try to withdraw funds that aren't yet settled. Your request will simply be rejected, leading to unnecessary delays and frustration.
Step 3: Initiating the Withdrawal Request
Once your bank account is linked and your funds are available, you're ready to initiate the transfer. The process is similar across Webull's platforms.
Sub-heading: Withdrawing via the Webull Mobile App
Tap the Webull Logo: Open your Webull app and tap the central Webull icon at the bottom of the screen.
Select Transfers: From your account overview, tap on "Transfers" at the top of the screen.
Choose "Withdraw": You'll see options for "Deposit" and "Withdraw." Tap "Withdraw."
Confirm Transfer Direction: Ensure the "To:" field displays your external bank account. If not, tap the switch button to change the transfer direction.
Enter Withdrawal Amount: Input the specific amount of money you wish to withdraw. Remember the daily withdrawal limit (typically $50,000 for ACH).
Review and Submit: Carefully review all the details of your withdrawal request. Double-check the amount and the linked bank account. Once confirmed, tap "Review and Submit" or "Submit Withdrawal Request."
Sub-heading: Withdrawing via the Webull Desktop/Web Platform
Navigate to Account: On the desktop app, hover over the icons on the left and click "Account." On the web version, go to "My Account" (top right).
Select "Withdraw" (Desktop) or "Transfer Money" (Web):
Desktop: Within the "Banking" widget, select "Withdraw." This will often guide you to the "Transfer Money" page on the web.
Web: Select "Transfer Money."
Choose Funding Account & Direction:
Web: Tap the switch button to ensure the transfer direction is set for withdrawing funds from your Webull account.
Select your linked bank account in the "To" field.
Enter Amount: Input the desired withdrawal amount.
Review and Submit: Review the details carefully and select "Submit."
Step 4: Monitoring Your Withdrawal and Expected Timeline
After submitting your request, it enters the processing phase. Webull will provide updates on its status.
Tracking Your Transfer:
Mobile App: Go to the Webull logo -> Transfers -> Recent Activity. You should see your withdrawal request listed with its current status.
Processing Time:
ACH Withdrawals: These typically take 2-3 business days to process and appear in your bank account. The exact settlement time can vary slightly between different banks.
Wire Transfers (Less Common for Withdrawals, but an Option): Webull also supports wire transfers, which can be faster but usually incur higher fees. Domestic wire withdrawals can cost around $50, while international wires can be around $100. ACH is generally the preferred, free method for most users.
Important Considerations:
Daily Cutoff Time: Webull's daily cutoff time for ACH withdrawals is 4:00 PM EST. Requests submitted after this time will be processed on the next business day.
Business Days Only: Remember that withdrawal times refer to business days (Monday to Friday, excluding holidays). Weekends and holidays do not count towards the processing time.
Potential Delays: While rare, issues like incorrect bank details, exceeding withdrawal limits, or unusual activity on your account can cause delays. If your withdrawal is taking longer than expected, refer to Webull's help center or contact their customer support.
Step 5: Troubleshooting Common Withdrawal Issues
Sometimes, withdrawals don't go as planned. Here are common reasons why an ACH withdrawal might fail and what you can do:
Insufficient Funds: Always double-check the "Available for Withdrawal" balance in your Webull account before initiating a transfer.
Daily Limit Reached: The ACH withdrawal daily limit is $50,000. If your pending withdrawal amount, combined with any previous withdrawals that day, hits this limit, your request may be delayed or rejected. Wait for current withdrawals to process (usually 1-2 business days) before attempting another large transfer.
Different Bank Accounts: 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 linked account is closed, contact Webull support.
Invalid Bank Information: Ensure your bank's routing number (ABA code) and your account number are correct.
Expired ACH Link: If you've recently updated your bank account details (e.g., password, email), the existing ACH link might be invalid. You'll need to relink your bank account.
Recent ACAT Activity: As mentioned, assets transferred via ACATS are subject to a hold period of up to 30 days.
Third-Party Accounts: Webull strictly enforces withdrawals to bank accounts in your name. Transfers to third-party accounts (like those for a trust or title company) will be rejected.
If you encounter persistent issues, it's always best to take a screenshot of any error messages and contact Webull's customer support.
10 Related FAQ Questions (How to...)
Here are quick answers to some common questions related to withdrawing money from Webull:
How to Check My Webull Withdrawal Limit?
You can confirm the daily ACH withdrawal limit (which is typically $50,000) on Webull's help center or by navigating to Account -> Transfers -> Withdraw in the Webull mobile app, where your available withdrawal amount will be displayed.
How to Speed Up My Webull Withdrawal?
For faster withdrawals, you could consider a wire transfer, but be aware of the associated fees ($50 for domestic, $100 for international). Otherwise, ensure your linked bank account is verified, and your funds are fully settled to avoid delays with ACH transfers.
How to Link a New Bank Account to Webull?
On the Webull mobile app, go to the Webull logo -> Transfers -> Deposit/Withdraw -> Manage Bank Accounts (or similar option) to add a new bank account. You'll need your bank's routing and account numbers, and Webull may use micro-deposits for verification.
How to Unlink a Bank Account from Webull?
On the Webull mobile app, go to the Webull logo -> Transfers -> Withdraw -> Tap the bank account you wish to remove -> Details -> Delete Bank Account. Requests to unlink can take up to 24 hours to approve.
How to Cancel a Pending Webull Withdrawal?
On the Webull mobile app, go to the Webull logo -> Transfers -> Recent Activity. If the withdrawal is still processing and hasn't been sent to the clearing firm, you may see an option to "Cancel" the request.
How to Withdraw Money from Webull if My Bank Account is Closed?
If your linked bank account is closed, you will need to link a new, active bank account in your name to Webull before you can withdraw funds. Contact Webull customer support if you encounter issues during this process.
How to Avoid Webull Withdrawal Fees?
To avoid withdrawal fees, use the ACH transfer method. Wire transfers incur fees.
How to Know if My Webull Funds Are Settled?
You can see your "Available for Withdrawal" balance in the Webull app by going to Account -> Transfers -> Withdraw. This amount represents funds that have fully settled and are ready for transfer.
How to Contact Webull Support for Withdrawal Issues?
You can contact Webull support through their Help Center on the app or website, which often includes a contact form or phone number (+1 (888) 828-0618) and email (support@webull.com). Having screenshots of any error messages is helpful.
How to Withdraw Cryptocurrency from Webull to My Bank?
First, you need to sell your cryptocurrency on Webull, converting it into cash. Once the cash proceeds from the sale have settled (which is usually instant), you can then follow the standard steps to withdraw those cash funds to your linked bank account via ACH.