To withdraw money from your Webull account, the most common and straightforward method is through an Automated Clearing House (ACH) transfer, which facilitates the electronic movement of funds directly to your linked external bank account. This process is initiated conveniently within the Webull application.
Step-by-Step ACH Withdrawal Process
Follow these detailed steps within the Webull application to successfully transfer funds from your brokerage account to your bank:
- Access Your Account: Start by opening the Webull app on your device. Once open, tap on the Webull logo to access and select your account. This action will direct you to your personalized account overview.
- Navigate to Transfers: From your account interface, locate and select the Transfers option. Following this, choose Transfer Money. This specific path is designed for all fund movements, whether depositing or withdrawing.
- Set Withdrawal Direction: It is essential to configure the transfer direction correctly for a withdrawal. Tap the double arrow icon to switch the direction of the transfer. Carefully verify that the "To:" field prominently displays your external bank account, confirming that the funds will be leaving your Webull account and deposited into your personal bank.
- Enter Withdrawal Amount: Proceed to input the exact amount of money you wish to withdraw into the designated field. Ensure that the amount entered does not exceed your available settled cash balance.
- Review and Submit: Prior to finalizing the transaction, meticulously review all the details of your withdrawal request. This includes double-checking the withdrawal amount and confirming the destination bank account. Once you are certain all information is accurate, tap Review and Submit to complete and send your request.
Key Considerations for Withdrawals
- Linked Bank Account: Before attempting any withdrawal, ensure that you have a valid external bank account securely linked to your Webull account. If no account is linked, you will need to add and verify one, which might involve a brief setup process.
- Settled Funds: Only funds that have fully settled in your account are available for withdrawal. If you've recently sold stocks or other securities, the proceeds from these sales may require a few business days to settle before they can be withdrawn.
- Withdrawal Limits: Be aware that Webull, like many financial institutions, may have daily or per-transaction limits on ACH withdrawals. Review their terms for specific limits that may apply.
Summary of ACH Withdrawal Steps
For a quick reference, here's a table summarizing the essential actions required for an ACH withdrawal:
| Step | Action Required | Detail |
|---|---|---|
| 1 | Select Account | Tap the Webull logo to access your account dashboard. |
| 2 | Initiate Transfer | Choose Transfers followed by Transfer Money. |
| 3 | Confirm Direction | Use the double arrow to ensure "To:" is set to your external bank account. |
| 4 | Specify Amount | Enter the precise amount you wish to withdraw. |
| 5 | Finalize Request | Tap Review and Submit after verifying all details. |
