So you've got some money and stock positions you'd like to sell off in your Webull app. Maybe you've found yourself using other investing apps recently, or just found some extra money lying around you'd like to put to use.
Navigating investing apps like Webull can get frustrating if you get lost in all the tabs and menus. However, today we're going to show you exactly how to transfer your money from Webull to your bank account, from A to Z.
Webull is a powerful app for investors who like to have full control over all the different ways to interact with stocks. Because of this, there are several different menus and layers of options, and if you're not a very active user, it can be easy to get in over your head.
Thankfully, transferring money out of Webull is pretty straightforward. Here's what we're looking at:
Now, let's get to work!
If you're confident you've already linked your bank account to Webull, feel free to skip this step!
In order to link your bank account in Webull, you'll need to know your online banking login info (for real-time verification), or have your bank account number and your bank's routing number (for micro-deposit verification).
Linking Your Bank Account Inside the Webull App
The micro-deposit verification process can take up to 2 business days. You'll need to have your bank linked to Webull before you can withdraw money out of your Webull account.
If all you're withdrawing from Webull is cash that's already settled, move on down to step 3!
From your homepage in the Webull app, take the following steps:
Funds will take 1-2 business days to settle from selling stock in Webull.
Finally, after your bank has been linked, and your funds have settled from selling off your stock positions, you can withdraw your money from Webull to your bank.
From the home screen in the Webull app, take the following steps:
By selling off stock at a profit or loss, you create a taxable event that you may be liable for.
Make sure that you understand all tax implications of the moves you make in Webull before moving any big money around.
Luckily, we have a rundown on all the different taxes involved with Webull for you right here.
See you at the top!
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