Ready to access your hard-earned funds from Webull? Whether you've seen some fantastic gains or simply need to transfer some capital, getting your money from your Webull account to your bank is a straightforward process. Let's walk through it together, step-by-step, ensuring a smooth and successful transfer!
Transferring Money from Webull to Your Bank Account: A Comprehensive Guide
Moving funds from your Webull brokerage account to your personal bank account primarily happens through an ACH (Automated Clearing House) transfer. This is the most common and generally fee-free method for withdrawals in the US. For users outside the US, Webull supports local bank transfers in some regions (like Hong Kong) and may involve different fees and processing times. This guide will focus on the ACH transfer process, which is applicable to most US users.
Before we dive in, remember that Webull only supports withdrawals to a linked bank account in your name. Third-party accounts or e-wallets like PayPal are generally not supported for withdrawals.
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| How To Transfer Money From Webull To My Bank Account |
Step 1: Confirm Your Funds Are Ready for Withdrawal!
Before you even think about hitting that "withdraw" button, let's make sure your funds are actually available to be moved. Have you recently sold some stocks or ETFs? It's crucial to understand that funds from a sale aren't immediately available for withdrawal.
Settlement Period is Key: When you sell investments, the funds need to "settle." For US stocks, this typically takes T+1 business day (Trade date plus one day). For Hong Kong stocks, it's usually T+2 business days. This means if you sell on Monday, the funds might be settled and available on Tuesday (US stocks) or Wednesday (HK stocks).
Deposited Funds Hold: If you've recently deposited money into Webull, there might be a holding period before those funds can be withdrawn. ACH deposits typically take 3-5 business days to fully clear. In some cases, especially for first-time deposits or large amounts, Webull might impose a longer hold, sometimes up to 60 days, as a security measure.
Check Your "Available to Withdraw" Balance: The easiest way to confirm your funds are ready is to check your "Available to Withdraw" balance within the Webull app or on the web platform. This will show you exactly how much you can transfer out.
To check on the mobile app: Tap the Webull logo (bottom center) -> Select Transfers -> Tap Withdraw. You'll see your "Available to Withdraw" amount here.
To check on the desktop/web platform: Hover over the icons on the left and click Account -> Within the Banking widget, select Withdraw. This will take you to the transfer page.
Step 2: Ensure Your Bank Account is Linked and Verified
Webull requires a linked and verified bank account for withdrawals. If you've already deposited funds from your bank account to Webull, chances are it's already linked. If not, or if you want to link a different account, here's how:
Sub-heading: Linking a New Bank Account
On the Webull Mobile App:
Tap the Webull logo (bottom center) to select your account.
Select Transfers -> Transfer Money.
Look for an option to "Add Bank Account" or similar. You might need to initiate a mock withdrawal to prompt this option.
You'll typically be asked to choose between instant verification (logging into your bank's online portal via a secure third-party service like Plaid) or manual verification (entering your bank's routing and account number, followed by Webull making small deposits to your account which you'll need to confirm). Instant verification is usually faster.
Follow the on-screen prompts to complete the linking process.
On the Webull Desktop/Web Platform:
Navigate to My Account (top right).
Select Transfer Money.
Look for an option to "Add Funding Account" or "Manage Bank Accounts."
Proceed with either instant or manual verification as described above.
Sub-heading: Verification Process
Instant Verification: This method is almost immediate. You'll securely log in to your bank account through a third-party provider like Plaid, which instantly verifies your account details with Webull.
Manual Verification (Micro-Deposits): If you choose manual verification, Webull will send two small, random deposits (usually a few cents) to your bank account within 1-3 business days. You'll then need to go back into Webull and enter the exact amounts of these deposits to confirm your account. Until this is done, your bank account is not fully verified for withdrawals.
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Step 3: Initiating the Withdrawal Request
Now that your funds are settled and your bank account is linked, you're ready to make the withdrawal!
Sub-heading: Using the Webull Mobile App (Most Common)
Tap the Webull logo at the bottom center of the screen to access your account.
At the top, select Transfers.
Tap Transfer Money.
You'll see a transfer direction. To withdraw funds, make sure the "To:" field shows your external bank account. If it shows Webull, tap the switch button (usually an arrow icon) to reverse the direction.
Enter the exact amount you wish to withdraw. Remember to stay within your "Available to Withdraw" balance.
Tap Review and Submit.
Carefully review all the details of your withdrawal request, including the amount and the receiving bank account.
Tap Submit. You may need to enter your trading password or use biometric authentication (Face ID/Fingerprint) to confirm.
Sub-heading: Using the Webull Desktop/Web Platform
On the desktop application, hover over the icons on the left and click Account (if hidden, click on More). On the web platform, navigate to My Account (top right).
Within the Banking widget (desktop) or under "Transfer Money" (web), select Withdraw.
Choose the correct funding account in the "To" field (your linked bank account).
Enter the withdrawal amount.
Select Review.
Review the details thoroughly.
Select Submit. Confirm with your trading password if prompted.
Step 4: Understanding Processing Times and Limits
Once you've submitted your withdrawal request, it's a waiting game, but generally a quick one.
Sub-heading: How Long Will It Take?
ACH withdrawals typically take 2-3 business days to process and appear in your bank account.
Some sources indicate it can take 1-5 business days depending on the banks involved.
The daily cutoff time for ACH withdrawals on Webull is typically 4:00 PM EST. Requests made after this time will generally be processed on the next business day.
First-time withdrawals or withdrawals to a newly linked bank account might take slightly longer.
Sub-heading: Withdrawal Limits and Fees
ACH Withdrawal Limit: The daily limit for ACH withdrawals from Webull is typically $50,000. If you need to withdraw more than this, you'll need to make multiple withdrawal requests over several days.
Minimum Withdrawal: For ACH withdrawals, there is usually no stated minimum withdrawal amount, as long as it's within your available balance. However, for wire transfers (less common and usually with fees), there might be a minimum (e.g., $50 for TT withdrawals in some regions).
Withdrawal Fees: For standard ACH withdrawals, Webull generally does not charge any fees. This is a major benefit! However, be aware that your receiving bank might have their own fees for incoming ACH transfers, though this is rare for most standard consumer accounts. Wire transfers, if you were to use them, typically incur a fee from Webull (e.g., $25 for domestic wires, $45 for international wires).
Step 5: Tracking Your Withdrawal
You don't have to just wait blindly. Webull provides tools to track the status of your transfer.
On the Webull Mobile App:
Go to Transfers (from the main account page).
Select Recent Activity.
Here you'll see a list of your recent deposits and withdrawals, along with their current status and estimated settlement date.
On the Webull Desktop/Web Platform:
Navigate to My Account.
Look for a "Transfer History" or "Recent Activity" section.
What to look for:
Pending: Your request has been received and is being processed by Webull.
Processing: The funds are being sent to your bank.
Completed/Settled: The funds have been successfully transferred to your bank account.
If you see "Failed" or "Rejected," check the reason provided and consult the FAQ section below or contact Webull support.
Important Considerations and Troubleshooting
Accurate Bank Details: Double-check your bank's routing number and account number when linking your account. Incorrect details can lead to delays or failed transfers.
Withdrawal Restrictions from ACATS: If you transferred assets to Webull via ACATS (Automated Customer Account Transfer Service) from another brokerage, those assets might be subject to a withdrawal hold period of up to 30 days from the settlement date of the transfer. This is a common industry practice.
Third-Party Accounts: As mentioned, Webull only allows withdrawals to bank accounts held in your name. Withdrawals to accounts held by a third party, trust, or business are generally not permitted.
Contact Support if Issues Arise: If your withdrawal is significantly delayed beyond the expected timeframe, or if it fails without a clear reason, don't hesitate to contact Webull's customer support. They can investigate the issue for you.
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10 Related FAQ Questions
Here are some frequently asked questions about withdrawing money from Webull:
How to check my available withdrawal balance on Webull?
You can check your "Available to Withdraw" balance by tapping the Webull logo in the app, then going to "Transfers" and then "Withdraw." This will show you the exact amount you can currently transfer to your bank.
How to link a new bank account for withdrawals on Webull?
To link a new bank account, go to the "Transfers" section in your Webull app or web platform, and look for an option to "Add Bank Account" or "Manage Bank Accounts." You'll then follow the prompts to either instantly verify via your bank login or manually verify with micro-deposits.
How to know if my funds are settled and available for withdrawal?
Funds from stock sales are typically available after the settlement period (T+1 for US stocks, T+2 for HK stocks). Deposits generally have a 3-5 business day clearing period. The easiest way to know for sure is to check your "Available to Withdraw" balance in the Webull app.
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How to cancel a pending withdrawal request on Webull?
You may be able to cancel a pending withdrawal request within a short window (sometimes up to 48 hours) from when you submitted it. Check your "Recent Activity" in the Transfers section of Webull for a "Cancel" option next to the pending transaction. If you don't see it, or the window has passed, you'll need to contact Webull support immediately.
How to deal with a failed Webull withdrawal?
If your withdrawal fails, Webull will usually provide a reason (e.g., insufficient funds, daily limit reached, incorrect bank details). Double-check the reason, ensure your bank information is correct, and try again. If the issue persists, contact Webull customer support with a screenshot of the error message.
How to withdraw more than the daily limit from Webull?
The daily ACH withdrawal limit on Webull is typically $50,000. If you need to withdraw a larger sum, you will have to initiate multiple withdrawal requests on separate business days until the full amount is transferred.
How to transfer money to a different bank account than the one used for deposits?
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You can link multiple bank accounts to your Webull account. However, if you are withdrawing funds to a bank account different from the one used for recent deposits (within the last 60 days), Webull may require additional verification or hold periods for security reasons.
How to find my bank's routing and account number for Webull?
You can typically find your bank's routing number and your account number on your checks, through your online banking portal, or by contacting your bank directly.
How to expedite a Webull withdrawal?
Standard ACH transfers take 2-3 business days and cannot generally be expedited. Webull does not offer faster withdrawal methods like instant transfers to debit cards. Wire transfers are typically faster but come with fees and higher minimums.
How to contact Webull customer support for withdrawal issues?
You can contact Webull customer support through their in-app chat, by phone (the number can usually be found in the "Help Center" or "Contact Us" section of the app/website), or via email. Providing them with your account details and the transaction ID will help them assist you faster.
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