Ever felt that surge of excitement after a successful trade on Webull, only to then think, "Okay, now how do I get this cash into my actual bank account?" You're not alone! While Webull makes investing incredibly accessible, navigating the withdrawal process can sometimes feel a bit less straightforward. But don't worry, it's actually quite simple once you know the steps.
This comprehensive guide will walk you through every single detail of withdrawing cash from your Webull account, ensuring a smooth and hassle-free transfer of your hard-earned funds. Let's get started!
Step 1: Getting Ready: Pre-Withdrawal Checks and Understanding the Basics
Before you even think about tapping that "Withdraw" button, let's make sure everything is in order. This crucial first step will save you potential headaches down the line.
Sub-heading: Verifying Your Available Balance
First things first: Do you have enough settled cash to withdraw? Remember, when you sell securities (stocks, ETFs, etc.), the funds don't become immediately available for withdrawal. There's a settlement period that needs to pass.
For US equities and options, this is typically T+1 (trade date plus one business day).
For Australian equities, it's usually T+2.
For Hong Kong equities, it's also T+2.
If you've recently sold something, be patient! The funds will show up as "available for withdrawal" once the settlement period is complete. You can usually see your available withdrawal balance within the Webull app.
Sub-heading: Linked Bank Accounts: The Only Way Out!
Webull is very clear on this: you can only withdraw funds to a valid, individual bank account in your name. They do not support withdrawals to:
Payment service providers (like Wise or Revolut).
E-wallets.
Third-party bank accounts.
If you haven't already, you'll need to link your bank account to your Webull account. Webull allows you to link up to 5 bank accounts. Ensure the details are accurate to avoid delays. If you need to change or unlink a bank account, you can do so within the app (we'll cover this in the FAQs).
Sub-heading: Currency Considerations
Are you withdrawing funds in the same currency as your cash balance? If you sold US shares, the cash will settle in USD. If you want to withdraw in AUD (for example, if you're in Australia), you'll need to convert the currency within the Webull app first. This is a common point of confusion, so double-check your currencies!
Sub-heading: Cash Management Accounts
If you've opted into a cash management feature (like AUD Cash Management), you'll need to redeem those funds from your cash management position before you can initiate a withdrawal. This redemption process also has its own processing time, usually 1-2 business days.
Step 2: Navigating the Webull App for Withdrawal
Now that you've confirmed your funds are settled and your bank account is ready, let's dive into the step-by-step process within the Webull app.
Sub-heading: Accessing the Transfer Section
Open the Webull App: Launch the Webull application on your mobile device.
Tap the Webull Logo: Look for the central Webull logo (often a "W" or their full logo) usually located at the bottom of your screen. Tap on it. This will take you to your main account dashboard.
Select "Transfers": At the top of your account dashboard, you'll see a section for "Transfers." Tap on it.
Sub-heading: Initiating the Withdrawal Request
Tap "Withdraw": Within the "Transfers" section, you'll see options for "Deposit" and "Withdraw." Tap on "Withdraw."
Select Withdrawal Currency: If you have multiple currencies in your account, you'll be prompted to select your withdrawal currency. Make sure this matches the currency of the bank account you intend to withdraw to.
Choose Your Bank Account: If you have multiple bank accounts linked, select the specific bank account where you want to receive the funds. If you haven't added one yet, you'll be prompted to do so here.
Input the Withdrawal Amount: Carefully enter the exact amount you wish to withdraw. Double-check for any typos!
Review and Submit: A summary of your withdrawal request will appear. Review all the details carefully – the amount, the receiving bank account, and the currency.
Tap "Submit Withdrawal Request": Once you're confident everything is correct, tap this button.
Confirm: You'll likely be asked to confirm your request one more time. Tap "Confirm" to finalize it. You may also need to enter your trading password or use biometric authentication (Face ID/Fingerprint).
Congratulations! You've successfully submitted your withdrawal request.
Step 3: Understanding Withdrawal Timelines and Fees
The process isn't instant, and there might be some costs involved depending on your withdrawal method.
Sub-heading: Processing Times
Standard ACH Withdrawals: For most users, particularly in the US, withdrawals are processed via ACH (Automated Clearing House). These typically take 1 to 5 business days to complete. The exact settlement time can vary between banks.
Real-Time Payment (RTP) Withdrawals: In some regions, Webull supports RTP, which can see funds arrive within 30 minutes. However, for first-time RTP withdrawals or requests made after 3 PM, on weekends, or public holidays, the transaction might be completed by 9 AM on the next business day.
Interbank GIRO (IBG) Withdrawals: For regions using IBG, Webull processes requests within 3-5 hours, but the actual receipt of funds depends on the processing times of both banks. Requests submitted after 3 PM on business days are processed the next business day.
Wire Transfers (Less Common for Retail): While less common for everyday withdrawals due to higher fees, wire transfers are faster, often next business day for domestic wires if requested before the cut-off time (e.g., 1:15 PM Central). International wires can take 3-5 business days.
Remember: Business days exclude weekends and public holidays.
Sub-heading: Withdrawal Fees
Good news! For basic ACH withdrawals, Webull generally charges $0 in fees. However, there are exceptions:
Wire Transfers: If you opt for a wire transfer, there will be fees. Domestic outgoing wires typically incur a fee (e.g., $25), and international outgoing wires are generally more expensive (e.g., $45).
Bank Charges: Your receiving bank might impose their own fees for incoming transfers. It's always a good idea to check with your bank if you're concerned about this.
Currency Conversion Fees: If you convert currencies within Webull before withdrawing, there might be a small spread or fee associated with that conversion.
ACH Deposit Reversals: If a previous deposit was reversed due to insufficient funds or other issues, Webull may charge a fee (e.g., $5 per reversal). This can also negatively affect your account standing.
Step 4: Monitoring Your Withdrawal and Troubleshooting
Once you've initiated the withdrawal, you can track its progress and address any potential issues.
Sub-heading: Tracking Your Withdrawal Status
You can usually check the status of your withdrawal request within the "Transfers" or "Withdrawal History" section of your Webull app. It will typically show as "Pending," "Processing," or "Completed."
Sub-heading: Common Withdrawal Issues and Solutions
Even with a clear guide, sometimes things don't go as planned. Here are some common reasons why a withdrawal might be delayed or unsuccessful:
Insufficient Settled Funds: As mentioned in Step 1, this is the most common reason. Ensure your funds have fully settled.
Unmatched Currency: Trying to withdraw USD to an AUD-only bank account without conversion. Convert the currency first.
Incorrect Bank Account Details: Even a tiny error in your account number or routing number can cause a reversal. Double-check these details when linking your account.
Third-Party Bank Account: Attempting to withdraw to an account not in your name. Webull will reject these.
Bank Account Limitations: Some savings accounts have transaction limits or do not support ACH transfers. Confirm with your bank.
Withdrawal Limits: While Webull's standard ACH daily limit is quite high (e.g., $50,000), extremely large withdrawals might require special attention or be subject to higher limits for wire transfers.
Account Restrictions: In rare cases, your account might have restrictions due to new activity, first-time deposits (sometimes subject to a 60-day holding period), or unusual deposit behavior. If this is the case, Webull customer service can provide more details.
Sub-heading: When to Contact Webull Support
If your withdrawal is taking longer than the stated timeframe, or if it's been rejected without a clear reason, it's time to reach out to Webull's customer service. You can usually find their contact information (in-app chat, email, or phone number) within the "Help Center" or "Contact Us" section of the app. Provide them with your transaction details (amount, date, withdrawal ID if available) for faster assistance.
10 Related FAQ Questions (How to...)
Here are some quick answers to common questions you might have about Webull withdrawals:
How to check my available withdrawal balance on Webull?
You can typically see your "Available for Withdrawal" balance on your main account dashboard or within the "Transfers" section of the Webull app.
How to unlink a bank account from Webull?
Go to the Webull logo > "Transfers" > "Withdraw" > Select your Withdrawal Currency > Tap ">" on the bank account you wish to remove > Tap "Details" > Tap "Delete Bank Account."
How to change the linked bank account for withdrawals on Webull?
First, unlink the old bank account (as described above), then proceed to add your new bank account through the same "Withdraw" section. Requests to link/unlink can take up to 24 hours to approve.
How to cancel a pending withdrawal request on Webull?
It depends on the stage of the withdrawal. Some sources indicate you might be able to cancel within 48 hours of submission, typically through the Webull Pay app by going to "Account Management" and looking for a "Cancel Application" option if it's still pending. Otherwise, contact customer service immediately.
How to withdraw funds from my Webull Cash Management account?
You first need to redeem the funds from your cash management position. Once redeemed and settled (typically 1-2 business days), they will appear as "available for withdrawal," and you can then initiate a standard withdrawal to your linked bank account.
How to convert currency on Webull before withdrawing?
This option is usually available within your account holdings. If you have USD from selling US stocks and want to withdraw AUD, you'll find a currency exchange or conversion option within your assets or transfer section.
How to find my withdrawal history on Webull?
Look for a "History" or "Withdrawal History" option within the "Transfers" or "Account" sections of your Webull app.
How to know if my bank account supports ACH transfers?
Most standard checking accounts support ACH transfers. However, some savings accounts may have limitations. If you're unsure, it's best to contact your bank directly to confirm.
How to avoid withdrawal delays on Webull?
Ensure your funds are fully settled, your bank account details are accurate and in your name, and you've addressed any currency conversion needs. Avoid initiating withdrawals on weekends or public holidays if you need funds quickly.
How to contact Webull customer service for withdrawal issues?
You can typically find contact options (in-app chat, email, or phone numbers) within the "Help Center" or "Contact Us" section of the Webull app. Provide them with detailed information about your withdrawal for efficient assistance.
