Do you have funds tied up in your Webull account that you're ready to access? Perhaps you've made some profitable trades, or maybe you're simply moving your investments to another platform. Whatever your reason, navigating the withdrawal process can seem a little daunting at first. But don't worry, it's a straightforward process once you know the steps.
In this comprehensive guide, we'll walk you through everything you need to know about moving money out of your Webull account, from preparing your funds to troubleshooting common issues. So, let's get started and get your money where you need it!
How to Move Money Out of Webull: A Step-by-Step Guide
Step 1: Prepare Your Funds for Withdrawal
Before you initiate any withdrawal, it's crucial to ensure your funds are ready to be moved. This involves understanding settlement periods and any potential holds.
Sub-heading: Understanding Settlement Periods
Selling Securities: If you've recently sold stocks, ETFs, or options, the funds from those sales aren't immediately available for withdrawal. They need to go through a "settlement period."
For US equities and options, the settlement period is typically T+1, meaning the funds will settle one business day after the transaction date.
For other markets, like Australia (equities) or Hong Kong (equities), it's generally T+2.
You cannot withdraw funds that are still pending settlement. Webull will show you the "Available to Withdraw" amount, which is what you can actually transfer out.
Sub-heading: Deposit Holding Periods
Did you recently deposit funds into your Webull account? Be aware that new deposits, especially via ACH, often have a holding period before they can be withdrawn.
Funds deposited via ACH typically require 6 business days to fully settle and become eligible for withdrawal.
This is a standard security measure to prevent issues like deposit reversals.
Sub-heading: Converting Currencies (If Applicable)
If you're withdrawing funds in a currency different from the one in which they settled (e.g., you sold US shares and want to withdraw in AUD), you'll need to convert the currency within the Webull app first.
Ensure the currency you intend to withdraw matches the currency of your available cash balance.
Sub-heading: Deactivating Cash Management Features
If you've enabled a cash management feature, such as Webull Cash Management or Moneybull, you might need to redeem your cash from these programs before you can withdraw it.
This redemption process can take an additional 1-2 business days.
Step 2: Link and Verify Your Bank Account
To withdraw funds, you must have a linked and verified bank account in your name. Webull does not allow withdrawals to third-party accounts or payment platforms.
Sub-heading: How to Link a Bank Account
Open the Webull App: Tap the Webull logo (bottom center for mobile, or hover over icons on the left and click "Account" for desktop/web).
Navigate to Transfers (or "Banking" widget on desktop).
Select Withdraw.
You'll likely see an option to "Add Bank Account" if you haven't already.
Follow the prompts to enter your bank's details, including your full name, BSB (if applicable), and account number.
You may need to upload evidence of your bank account, such as a recent bank statement or a voided check, dated within the past 6 months and showing your bank's logo.
Important Note: Linking and unlinking bank accounts can take up to 24 hours for approval. Only one bank account can be linked for withdrawals at a time. If you want to use a different account, you'll need to unlink the current one first.
Sub-heading: Why Verification is Crucial
Webull's verification process ensures the security of your funds and complies with financial regulations. This prevents unauthorized transfers and protects you from potential fraud.
Step 3: Initiate Your Withdrawal Request
Once your funds are settled and your bank account is linked, you're ready to request a withdrawal.
Sub-heading: Using the Webull Mobile App
Tap the Webull logo at the bottom of the screen to access your account.
Select Transfers.
Tap the switch button to ensure the transfer direction is set to withdraw (meaning "To:" field shows your external bank account).
Enter the withdrawal amount.
Tap Review and Submit.
Sub-heading: Using the Webull Desktop/Web Platform
Desktop: Hover over the icons on the left and click Account (if hidden, click on "More"). Within the Banking widget, select Withdraw. This will guide you to the Transfer Money page on the web.
Web: Navigate to My Account (top right). Select Transfer Money.
Tap the switch button to switch the transfer direction, to withdraw funds from your Webull account.
Choose the funding account in the "To" field.
Enter the withdrawal amount.
Select Review, then Submit.
Sub-heading: Withdrawal Limits and Cutoff Times
ACH Withdrawals: The daily limit for ACH withdrawals is typically $50,000.
The daily cutoff time for ACH withdrawals is usually 4:00 PM EST. Requests submitted after this time will be processed on the next business day.
Step 4: Track Your Withdrawal
After submitting your request, you can monitor its progress.
Sub-heading: How to Monitor Your Transfer Status
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.
Sub-heading: Expected Processing Times
ACH Withdrawals: These typically take 2-3 business days to process and appear in your bank account.
Real-Time Payments (RTP): In some regions, Webull may offer RTP. If available, you could receive funds within 30 minutes, though actual timing depends on your bank.
Interbank GIRO (IBG): Webull processes these within 3-5 hours, but receipt of funds depends on both banks' processing times.
Step 5: Troubleshooting Common Withdrawal Issues
Sometimes, withdrawals don't go as smoothly as planned. Here are some common reasons for withdrawal failures and how to address them.
Sub-heading: Insufficient Funds
Double-check your "Available to Withdraw" balance. This is different from your total cash balance, as it excludes unsettled funds or funds held in cash management programs.
You can confirm your available funds by navigating to Account ➝ Transfers ➝ Withdraw on the Webull mobile app.
Sub-heading: Daily Limit Reached
If your pending withdrawal amount has hit the daily limit (e.g., $50,000 for ACH), you'll need to wait for the current withdrawal to process (usually 1-2 business days) before attempting another.
Sub-heading: Different Bank Accounts Used
If you are withdrawing funds to a bank account different from the one used for recent deposits (especially within the last 60 days), additional verification may be required by Webull's company policy.
If your original bank account is closed or inaccessible, you'll need to contact Webull customer support.
Sub-heading: Invalid Bank Information
Ensure your linked bank account has the correct ABA Code (routing number) or SWIFT code.
If you recently changed key information with your bank (like account password or registered email), your existing ACH link might have expired. You'll need to relink your bank account.
Sub-heading: Recent ACAT Activity
Assets transferred to Webull via ACATS (Automated Customer Account Transfer Service) are subject to a withdrawal hold period of up to 30 days, starting the day after the transfer has settled. This is a common practice across brokerages.
Sub-heading: Third-Party Accounts
Webull only allows withdrawals to individual or joint bank accounts in your name. They will NOT accept third-party bank accounts or third-party payment platforms (e.g., accounts held by title companies or established under a trust).
Sub-heading: Deposit Reversals
If a deposit was recently reversed (e.g., due to insufficient funds in your bank account), it can impact your ability to withdraw and may incur fees. Webull typically charges a $5 fee per reversal.
Sub-heading: Account Restrictions
In some cases, your account might have temporary restrictions due to new account activity, first-time deposits subject to a 60-day holding period, unusual deposit behavior flagged for review, or expired/invalid ID on file. If you suspect this, contact Webull support.
Step 6: Contact Webull Customer Support (If Needed)
If you've followed all the steps and are still experiencing issues, don't hesitate to reach out to Webull's customer service.
Sub-heading: Ways to Contact Support
In-app Help Center: This is often the quickest way to get help, as you can submit a query and even attach screenshots of your issue.
Email: support@webull.com
Phone: +1 (888) 828-0618 (for US customers)
Frequently Asked Questions (FAQs)
How to check my available withdrawal balance on Webull?
You can check your available withdrawal balance by navigating to the "Account" section in the Webull app, then selecting "Transfers," and finally "Withdraw." The amount displayed under "Available to Withdraw" is what you can transfer out.
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. If you have an existing linked account, you'll need to unlink it first. Then, you'll see an option to "Add Bank Account" where you can input the new details and provide any required verification documents.
How to speed up Webull withdrawals?
Generally, you cannot directly speed up Webull withdrawals as they depend on settlement periods and bank processing times. However, ensuring your funds are fully settled, your bank account is verified, and initiating the withdrawal before daily cutoff times can help ensure the process is as efficient as possible.
How to withdraw money from Webull if I closed my bank account?
If the bank account linked to Webull is closed, you'll need to contact Webull customer support immediately. They will guide you through the process of updating your bank information and verifying a new account for withdrawals.
How to cancel a pending withdrawal on Webull?
You can attempt to cancel a pending ACH withdrawal through the Webull mobile app by going to "Transfers" -> "Recent Activity" and selecting the withdrawal request. If the option to "Cancel" is available, you can proceed. However, once the request is in processing by their clearing firm, it cannot be canceled.
How to avoid withdrawal fees on Webull?
Webull generally does not charge fees for standard ACH withdrawals. However, wire transfers may incur fees, and there might be fees for deposit reversals. To avoid fees, stick to ACH transfers and ensure you have sufficient funds in your linked bank account to cover any deposits.
How to withdraw partial funds from Webull?
Yes, you can withdraw partial funds from your Webull account. Simply enter the desired amount you wish to withdraw in the withdrawal request field, as long as it's within your "Available to Withdraw" balance and meets any minimum withdrawal requirements.
How to withdraw money from Webull after selling stocks?
After selling stocks, you must wait for the funds to settle before they become available for withdrawal. For US equities, this is typically T+1 (one business day). Once settled, you can proceed with the withdrawal steps outlined in this guide.
How to resolve a failed Webull withdrawal?
If your Webull withdrawal failed, first check the common reasons: insufficient available funds, daily limits, incorrect bank details, or recent ACAT activity. If you can't identify the cause, take a screenshot of the error and contact Webull customer support via their in-app help center or email.
How to withdraw money if I plan to close my Webull account?
Before closing your Webull account, you must first close any open trade positions and orders, and then withdraw any remaining cash balance. Ensure all funds are settled. After the withdrawal is complete, you can then proceed to close your account via the "Manage Brokerage Account" settings in the app. Remember to download any statements or reports you might need for your records.
