Webull is a popular online brokerage firm that offers commission-free trading for stocks, ETFs, and options. It is also a member of the Securities Investor Protection Corporation (SIPC), which means that your funds are protected up to $500,000 in the event of a bankruptcy.
How to withdraw money from Webull
- Log in to your Webull account.
- Click on the Transfers tab.
- Click on Withdraw.
- Select the bank account you want to withdraw your funds to.
- Enter the amount of money you want to withdraw.
- Review the withdrawal details and click Submit.
Other two ways to you can withdraw your money from Webull
1. ACH transfer
ACH transfer is the most common way to withdraw money from Webull. It is also the slowest, taking up to two business days to complete. To withdraw money via ACH transfer, follow these steps:
- Log in to your Webull account.
- Click on the “Transfers” tab.
- Click on “Withdraw”.
- Enter the amount of money you want to withdraw.
- Select “ACH” as the transfer method.
- Enter your bank account information.
- Review your withdrawal request and click “Submit”.
2. Wire transfer
Wire transfer is the fastest way to withdraw money from Webull, but it is also the most expensive. Wire transfers typically cost $25-$35. To withdraw money via wire transfer, follow these steps:
- Log in to your Webull account.
- Click on the “Transfers” tab.
- Click on “Withdraw”.
- Enter the amount of money you want to withdraw.
- Select “Wire” as the transfer method.
- Enter your bank account information.
- Review your withdrawal request and click “Submit”.
How long does it take to withdraw money from Webull?
The amount of time it takes to withdraw money from Webull will depend on the withdrawal method you choose. ACH withdrawals typically take 1-2 business days to complete, while wire withdrawals typically take 1-2 business hours.
Keep in mind that you may not be able to withdraw all of your funds from Webull immediately. For example, if you’ve recently sold securities, you may have to wait until the funds have settled before you can withdraw them.
Additional things to keep in mind when withdrawing money from Webull
- You can only withdraw money to a bank account that is in your name.
- There is a minimum withdrawal amount of $10.
- You may be subject to additional fees from your bank for withdrawing money.
- If you’re withdrawing a large amount of money, Webull may require you to provide additional information or documentation.
How to get all your money out of Webull
If you want to get all your money out of Webull, you can either withdraw it to your bank account or transfer it to another brokerage firm.
To transfer your assets to another brokerage firm, you’ll need to initiate an ACATS transfer. ACATS stands for Automated Customer Account Transfer Service, and it’s a free and easy way to transfer your assets between brokerage firms.
To initiate an ACATS transfer, you’ll need to contact your new brokerage firm and provide them with your Webull account information. Your new brokerage firm will then contact Webull and initiate the transfer.
Conclusion
Withdrawing money from Webull is a relatively straightforward process. You can choose to withdraw your funds via ACH or wire transfer. ACH withdrawals are free and typically take 1-2 business days to complete, while wire withdrawals cost $8 and typically take 1-2 business hours.
Keep in mind that you may not be able to withdraw all of your funds from Webull immediately, and you may be subject to additional fees from your bank. If you’re withdrawing a large amount of money, Webull may require you to provide additional information or documentation.
Frequently Asked Questions (FAQ)
How do I get my money out of Webull?
To withdraw money from Webull, you can follow these steps:
- Go to the Webull app or website and log in to your account.
- Click on the Transfers tab.
- Click on Withdraw.
- Select the bank account where you want to withdraw your funds.
- Enter the amount you want to withdraw.
- Review your withdrawal request and click Submit.
Why can’t i withdraw funds from Webull?
There are a few reasons why you might not be able to withdraw funds from Webull:
- You may not have enough funds in your account that are available to withdraw.
- You may have pending trades or settlements.
- Your account may be restricted for some reason, such as a margin call or a regulatory investigation.
- You may be trying to withdraw more money than is allowed under your account type or daily withdrawal limit.
- If you are having trouble withdrawing funds, you can contact Webull customer support for assistance.
Can you withdraw money from Webull instantly?
No, you cannot withdraw money from Webull instantly. All withdrawals must be processed by Webull and your bank, which can take several business days.
How much does Webull charge to withdraw money?
Webull does not charge any fees for ACH withdrawals. However, there is a $25 fee for domestic wire transfers and a $45 fee for international wire transfers.
How do I get instant access to my money on Webull?
There is no way to get instant access to your money on Webull. All withdrawals must be processed by Webull and your bank, which can take several business days.
How do I sell stocks for cash on Webull?
To sell stocks for cash on Webull, follow these steps:
- Go to the Webull app or website and log in to your account.
- Find the stock you want to sell and tap on it.
- Tap on the Trade button.
- Enter the number of shares you want to sell and select Sell.
- Review your trade order and tap Submit.
Once your trade is executed, the proceeds will be deposited into your Webull account. You can then withdraw the proceeds to your bank account.
Why can’t I cash out my stocks?
There are a few reasons why you might not be able to cash out your stocks:
- You may not have enough shares of the stock in your account.
- The stock may be suspended from trading.
- Your account may be restricted for some reason, such as a margin call or a regulatory investigation.
- You may be trying to sell more shares than you have available.
- If you are having trouble cashing out your stocks, you can contact Webull customer support for assistance.
Why can’t I withdraw money after selling stock?
You may not be able to withdraw money after selling stock because it takes time for the trade to settle. Stock trades typically settle on a T+2 basis, meaning that the proceeds from the sale will be available to withdraw two business days after the trade is executed.
Why can’t I withdraw all my brokerage cash?
You may not be able to withdraw all of your brokerage cash because there is a minimum balance requirement for all accounts. The minimum balance requirement is $30 for individual cash accounts and $5,000 for margin accounts.
