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Written by Cari Scribner on April 18, 2022
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How To Transfer From Stash To Webull 2022

When you sign up to become a client of an online investing app, you are not signing any kind of contract stating you will stay with that platform for any period of time.

You are free to come and go as you please!

If your current app isn’t giving you all the features and perks you’re looking for, it may be time to move on and try something else.

Perhaps you’ve been using Stash but want to give Webull a try.

Webull comes with a far more advanced trading platform equipped with a vast number of research capabilities. Be sure to read our full Webull review for more!

In this article, we highlight the process to transfer from Stash to Webull, step by step!

Transfer From Stash to Webull

Transferring assets from Stash to Webull is actually quite simple as both platforms support ACATS (Automated Customer Account Transfer Service). An ACATS transfer is an electronic process to transfer an account to a new brokerage.

This comes with a major benefit: you are not selling your assets. Instead, you are just transferring the assets, which does not trigger a taxable event.

Executing this transfer has just two steps:

  1. Open a Webull Account
  2. Initiate ACATS Transfer

1. Open a Webull Account

Webull Logo

For you to be eligible for a Webull account, you will need to meet the following requirements:

  • Be 18 years or older
  • Have a valid Social Security Number (not a Taxpayer Identification Number)
  • Have a legal U.S. residential address within the 50 states or Puerto Rico (there may be exceptions for active U.S. military personnel stationed abroad)
  • Be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa

To open a new Webull account:

  1. Go to Webull official website
  2. Click "LOG IN"
  3. Click "Sign up Now"

You will simply follow the steps to create your account. You will need to input your name, email, address, SSN, and investing experience. Opening an account is actually pretty simple and only takes a few minutes.

2. Initiate an ACATS Transfer

Once you have your Webull account up and running, it’s time to move your Stash account funds into it. Log into your new Webull account (either on the website or mobile app) and begin with the broker’s ACAT form.

Webull does not charge for ACATS transactions; however Stash has a $75 ACAT fee for outgoing transfers. This charge will be deducted from your Stash account before the transfer to Webull is done.

Important Note: Make sure your name and type of account is identical to the Webull account’s name and type. The transfer may be delayed if your Stash account name or type of account is different from your new Webull account.

In the Webull app:

  1. Tap on "Transfers" on the Webull account page
  2. Tap on "Transfer Stocks into Webull"
  3. Read the Transfer Tips and Tap on "Transfer Stocks to Webull"
  4. Choose the broker to transfer from
  5. Enter the information as prompted and click on the “Transfer Now” button

Please note that an ACATS transfer can take around 6 business days to complete.

Transfer From Stash To Webull: Final Thoughts

Simply put, it’s a buyer’s market out there for commission-free investing apps available today. Investors are the customers, and they are welcome to shop around. If you are a Stash customer and want to give Webull a try, follow the steps outlined above to make the transition quick and efficient.

stash transfer to webull featured image
Article written by Cari Scribner

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