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Webull is a commission free stock and crypto trading platform. Right now, Investing Simple readers can get up to 12 free stocks with their current promotion. Open an account to receive 2 free fractional shares worth $3 to $300. Deposit any amount of money to receive 4 to 10 more free fractional shares worth $7 to $3,000. Promotion expires 10/31/2022.
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Written by Drew Cochran on May 31, 2022
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How To Transfer From Webull To Public 2022

When you're starting out with mobile investing, it's easy to get overwhelmed with information, options, and flashy features.

Whether it's a specific stock, an investing app, or some new trend - it's easy to "hitch your wagon" to a decision that seems to be awesome at first, to then find out that things might just not be a good fit for you.

Webull is a renowned investing app, offering advanced features to investors who want precise control over their market moves from their phone screen. However, the density of the app has been overwhelming for some users who want a more streamlined experience.

Some Webull users are finding that Public is an attractive alternative for them. With their approachable social media interface, Public has become a great place for new investors to explore and interact with different people to learn from, instead of just data and jargon.

Whatever your reason for wanting to make the switch, today we're going to show you step by step how to transfer your stocks from Webull to Public.

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How To Transfer From Webull To Public

Thankfully, transferring into Public is pretty simple.

Here's what you'll need to do:

  1. Locate your Webull Account Info
  2. Sign Up For Public
  3. Transfer Your Stocks To Public

The technical name for this is called an Automated Customer Account Transfer Service, or ACATs for short.

If you ever find yourself doing a transfer like this again, you can find out your current broker's fees involved by searching for their ACATs fees.

The cool thing about Public is they'll cover any transfer fees for you, so long as your portfolio is worth over $150.

Now we're going to break down each step above so nothing gets lost.

1. Locate Your Webull Account Info

First, before we do anything inside of Public, you'll need to find and copy down some of your Webull account info.

You will need to safely copy the following details:

  • Type of Brokerage Account (Personal/Individual/Taxable, Roth IRA, traditional IRA, etc)
  • Your Webull Account Number

At the time of writing, Public may not be accepting direct transfers from 401K and Retirement accounts.

Here's how to find everything inside Webull:

  1. Click on your profile icon in the top right corner
  2. Click "Help Center"
  3. Scroll down to see your account number and type

If you have multiple accounts with Webull, you'll have to perform a separate transfer for each. Make sure you copy down the information for each account you want to transfer over.

2. Sign Up For Public

Public Logo

Now that you have your information from Webull copied down, you can move forward and sign up for a new Public account.

In order to transfer your stocks into Public, you need to open a Public account of the same type as your Webull account - Personal/Individual/Taxable, Roth IRA, traditional IRA, etc.

If you open up the wrong type of account, you will be unable to transfer your stocks.

Already have a Public account that matches your Webull? Awesome, start step 3!

Use this link when signing up for a free stock slice, on us!

  1. Download the Public app
  2. Click "Get Started"
  3. Provide your phone number and name
  4. Choose your username
  5. Provide your email address
  6. Create a strong password
  7. Choose to follow some new accounts
  8. Claim your free stock slice! (only works with referral link)
  9. Confirm your citizenship
  10. Submit photo ID for fast-track verification
  11. Provide birthdate and personal information
  12. Accept Terms & Conditions if you agree
  13. Fill out investment goals questionnaire
  14. Make your first deposit by Linking your Bank

It can take a couple of days for your application to get approved, sit tight if it's not immediate.

3. Transfer Your Stocks To Public

Now that your Public account is up and running, and your account type matches your Webull account info, we can finally initiate the transfer inside Public.

Inside your Public app, do the following:

  1. From the main screen, click the person icon in the bottom right corner
  2. Click the gear icon on the top right corner
  3. Scroll to the bottom of the page, and click "Transfer my stocks to Public"
  4. Enter your Webull Account Number, and click Next
  5. Enter your Public account info to confirm
  6. Select either "Full" or "Partial" transfer
  7. If only partially transferring, select assets to transfer

When transferring, you can perform either a full transfer, or just a partial transfer. When you do a full transfer, your Webull account will close automatically.

Any transfer out of Webull will incur a $75 ACATs fee, but as long as your account's value is worth over $150, Public will pay the fee for you.

If your account isn't worth $150+ yet, consider purchasing more stock inside Webull, or adding more into your account's cash value holdings before transferring.

Luckily, doing an ACATs transfer with Public doesn't incur any taxes. The transfer will take a few business days to process.

Article written by Drew Cochran

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