Looking to switch your brokerage account to SoFi?
Regardless of why you might be looking to switch, it's easy to get confused about how to move your portfolio from one place to another.
Today, we're going to show you how to transfer your stocks from Webull to SoFi, step by step.
SoFi accounts are pretty quick to set up, and aren't too different from any other mobile banking sign up experience.
You'll have to give them your information, including your social security number, and then verify your information.
You will need to safely copy the following details:
With ACATs transfers, if the names and account types in each brokerage don't match, your transfer could be delayed or even cancelled, which nobody wants.
Here's how to find everything inside Webull:
Now that your Webull account info is on hand, and your SoFi invest account is all set up, and both account types match, we can initiate your ACATs transfer.
How to Initiate Your ACATs Transfer:
This transfer can take up to 1-2 weeks to process.
Transferring out of Webull will cost you $75. However, if your transfer amount is at least $5,000, SoFi will reimburse you back for the fee.
Simply reach out to the support team within the app to request a reimbursement.