How To Transfer Money To My Webull Account

Webull Account Funding

If you simply opened an account with Webull and are set up to start trading, the first step is to fund your account. Webull offers a couple options here, each with unlike costs and timing. This article will go over these options and their pros and cons.

Funding Options

Every bit with virtually brokers, Webull offers both electronic, or ACH, transfers and wire transfers to deposit or withdraw funds. They don't offer some of the less pop options that other brokers support, such as writing physical checks, but nosotros don't actually view this as a drawback equally these other options are less efficient and applied today.

Promotion

Open WeBull Business relationship

Link Your Bank Account

Prior to initiating an ACH transfer, yous volition need to link your checking or savings account to your Webull account. This is an easy procedure where you provide Webull with your bank account number and routing number. They volition so make two small micro deposits (<$1.00 each) into your bank business relationship and y'all volition then take to enter these on your Webull account to verify that you are in fact the owner of the bank account and have access to its action. Information technology by and large takes 2 business days for the deposits to appear in your banking concern account.

WeBull Add Funds

ACH/Electronic Transfers

After verifying Webull's micro deposits, your bank account will be linked and able to be used for ACH deposits (and withdrawals). Initiating an ACH deposit is easy, and once you do information technology volition by and large take five business organisation days for the funds to settle in your Webull account and exist able to be used for trading (although Webull gives y'all admission to a portion of your deposit to trade with on the first solar day). ACH deposits are free to create at Webull; however they do impose a daily ACH deposit limit of $50,000 per account. Making an ACH deposit to your Webull account is similar every bit with nearly other brokers in that it'southward gratuitous and takes five days to settle.

WeBull Fund Account

Wire Transfers

If yous demand your funds faster, Webull offers both domestic and international wire transfers for a fee. Wired funds are more often than not available in one business day, only can sometimes be available same day depending on what time the request was submitted.

Webull volition waive their fee on your first, or incepting, eolith but they will charge yous $viii and $12.50 for all hereafter domestic and international incoming wire transfers, respectively, that are nether $25,000. Webull will waive their wire fee for deposits over $25,000. It'due south important to remember that bated from Webull's wire fees, most banks volition as well charge you a fee for approachable wires.

Webull Referral Program

WeBull Business relationship Funding Summary

In summary, Webull offers fewer options than most brokers when it comes to funding your brokerage account. ACH deposits are the more than common, costless selection, just they generally accept five business organization days to settle and be available for use. Wire transfers are the other, faster option, settling inside 1 business day; still these will generally incur fees both from your banking company and Webull equally well.