Hey there, future financial freedom fighter! So, you've been rocking it on Webull, making some smart trades, and now it's time to enjoy the fruits of your labor. But wait, how exactly do you get that cash out of your Webull account and into your bank? It's a question many ask, and thankfully, it's a straightforward process once you know the steps.
Let's dive in and unlock your funds, shall we? This comprehensive guide will walk you through everything you need to know, from verifying your bank account to understanding withdrawal times and potential hiccups.
How to Take Cash Out of Webull: Your Comprehensive Step-by-Step Guide
Withdrawing money from Webull is typically done via an ACH (Automated Clearing House) transfer to a linked bank account. For larger sums or specific situations, wire transfers might also be an option, but ACH is the most common and often fee-free method for most users.
Step 1: Engage with Your Webull Account – The First Click
Alright, before we even think about moving money, let's get you in the right place within the Webull app. Imagine your Webull app as your personal financial command center. To initiate a withdrawal, you first need to access the "Transfers" section.
Are you ready?
Open your Webull mobile app. Look for the Webull logo at the bottom center of your screen. It's usually a circular icon. Tap on it. This is your gateway to your account management.
Step 2: Navigating to the Withdrawal Section
Once you've tapped the Webull logo, you'll see a range of options. We need to find the one that deals with moving money.
Sub-heading 2.1: Locating the "Transfers" Option
From the menu that appears after tapping the Webull logo, look for "Transfers" at the top of the screen. It's usually quite prominent. Tap it.
Sub-heading 2.2: Switching to "Withdraw"
Now you're in the transfer section. You'll likely see options for depositing and withdrawing.
Tap on "Transfer Money".
You'll then need to tap the switch button or an arrow to change the transfer direction. Make sure the direction is set to withdraw funds from your Webull account. You want your external bank account to be in the "To:" field.
Step 3: Selecting Your Withdrawal Details
This is where you tell Webull how much you want to withdraw and where you want it to go.
Sub-heading 3.1: Choosing Your Bank Account (And Linking if Necessary!)
Before you can withdraw, you must have a bank account linked to your Webull account. This bank account must be in your name. Webull does not allow withdrawals to third-party accounts.
If you haven't linked a bank account yet, you'll see an option to "Add Bank Account". Follow the prompts, which typically involve providing your bank's routing number and your account number. You might need to upload evidence of your bank account ownership (like a voided check or bank statement dated within the last 6 months, showing your name and bank logo). This verification process can take up to 24 hours.
If you already have a linked bank account, ensure it's the correct one you wish to withdraw to. If you need to change it, you'll usually need to unlink the current one first, then add the new one.
Sub-heading 3.2: Entering the Withdrawal Amount
Input the exact amount of cash you wish to withdraw. Make sure you have sufficient settled funds available for withdrawal. Remember that recently deposited funds and funds from recently sold securities have a settlement period.
For US equities and options, the settlement period is typically T+1 (Trade date plus one business day).
For other markets like Hong Kong or Australia, it could be T+2.
Generally, deposited funds need to settle for 6 business days before becoming eligible for withdrawal.
Step 4: Reviewing and Submitting Your Request
You're almost there! This is the final check before the money starts its journey.
Tap "Review" or "Review and Submit". Carefully review all the details: the withdrawal amount, the linked bank account, and any associated fees (though ACH withdrawals are usually free from Webull's side).
Once you're confident everything is correct, tap "Submit Withdrawal Request".
You may be asked to verify the order using your trading password or biometric authentication (Face ID/Fingerprint).
Step 5: Understanding Withdrawal Timelines and Tracking
The moment of truth! Your request is submitted, but how long until that cash hits your bank account?
Sub-heading 5.1: ACH Transfer Times
ACH withdrawals typically take 1 to 3 business days to process and appear in your bank account. The exact settlement time can vary between banks.
For first-time Real-Time Payment (RTP) withdrawals, if the request is made after 3 PM or on weekends/public holidays, the transaction will be completed by 9 AM on the next business day.
Sub-heading 5.2: Tracking Your Withdrawal
To monitor the status and estimated settlement date of your withdrawal, you can go to Transfers and then Recent Activity within the Webull mobile app. This section provides real-time updates on your transaction's progress.
Important Considerations and Troubleshooting Tips:
Daily Limits: Webull typically has a daily limit for ACH withdrawals. For instance, the daily limit for ACH withdrawals is often around $50,000. If you're withdrawing a large sum, you might need to make multiple withdrawals over several days.
Settled Funds: Ensure the funds you are trying to withdraw are settled. You cannot withdraw "provisional buying power" or funds that are still in the settlement period from a recent sale.
Linked Bank Account: Double-check that your bank account is correctly linked and verified. If you recently changed bank information (like a password or email), your ACH link might have expired, requiring you to relink it.
Third-Party Accounts: As mentioned, Webull strictly requires withdrawals to be made to your own individual bank account.
Fees: While ACH withdrawals from Webull are usually free, your receiving bank might charge a fee. Wire transfers (if available and used for larger sums) generally incur fees from both Webull and intermediary banks. For domestic wire withdrawals, Webull might charge around $50, and for international, it could be $100.
Account Restrictions: Sometimes, new accounts, large first-time deposits, or unusual deposit behavior might trigger temporary holding periods or additional verification. If you encounter issues, contact Webull support.
Currency Conversion: If you've sold US shares and your Webull account shows a USD cash balance, but you want to withdraw to an AUD account (or another currency), you might need to perform a currency conversion within the app before withdrawing.
AUD Cash Management: If you use Webull's AUD Cash Management feature, ensure you redeem the cash from it before attempting to withdraw. This redemption can take 1-2 business days.
10 Related FAQ Questions
How to Check My Available Withdrawal Balance on Webull?
You can check your available withdrawal balance by navigating to "Account" -> "Transfers" -> "Withdraw" on the Webull mobile app. This section will show you the funds immediately eligible for withdrawal.
How to Link a New Bank Account for Withdrawals on Webull?
To link a new bank account, go to "Transfers" -> "Withdraw" and look for an "Add Bank Account" option. You'll need to provide your bank's routing and account number and potentially upload documentation to verify ownership.
How to Change My Linked Bank Account for Withdrawals on Webull?
To change your linked bank account, first, you'll need to unlink the current one. Go to "Transfers" -> "Withdraw", select the currently linked bank account, and look for an option to "Remove" or "Unlink". After it's unlinked (which can take up to 24 hours), you can then proceed to add your new bank account as described above.
How to Speed Up a Webull Withdrawal?
Generally, ACH withdrawals have a standard processing time of 1-3 business days. There isn't a way to significantly speed up an ACH transfer. For certain regions, Real-Time Payment (RTP) might be available, offering quicker transfers, but these often have cut-off times. Wire transfers are typically faster but come with higher fees.
How to Resolve a Failed Webull Withdrawal Request?
A failed withdrawal can occur due to insufficient settled funds, exceeding daily limits, withdrawing to an unverified or third-party bank account, an expired ACH link, or incorrect bank details. Check these common issues first. If the problem persists, contact Webull's customer support with a screenshot of the error.
How to Withdraw Funds from a Webull Crypto Account?
Withdrawing from a Webull crypto account typically involves selling your cryptocurrency for cash first within the Webull Pay app. Once it's converted to a cash balance, you can then follow the standard withdrawal process to transfer the funds to your linked bank account.
How to Withdraw from Webull After Selling Stocks?
After selling stocks, the funds need to "settle" before they become available for withdrawal. For US equities, this is generally T+1 (trade date plus one business day). Once settled, the cash will be reflected in your available withdrawal balance, and you can proceed with the standard withdrawal steps.
How to Find My Webull Account Number for Withdrawals?
While you generally won't need your Webull account number to initiate a withdrawal (as you'll be transferring to your bank), you can typically find it within your account statements or by navigating to your "Account" section in the app.
How to Handle Withdrawal Fees on Webull?
Webull generally does not charge fees for ACH withdrawals. However, if you opt for a wire transfer (domestic or international), there will be fees charged by Webull (e.g., $50 for domestic, $100 for international) and potentially by intermediary banks. Always review the fees before confirming a wire transfer.
How to Contact Webull Support for Withdrawal Issues?
If you're facing persistent withdrawal issues, the best way to contact Webull support is through their in-app help center or by visiting their official website for contact information (phone number or email). Provide them with all relevant details, including screenshots if possible.
