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How To Transfer From Webull To TD Ameritrade 2024

There comes a time when many decide to transfer out of one brokerage account and into another.

If you've found yourself wanting to explore new opportunities or services, such as forex trading or mutual funds, TD Ameritrade might be the next logical step.

In this guide, we'll walk you through the process of transferring your stocks from Webull to TD Ameritrade, ensuring a smooth transition.

Check out my video on how to transfer your brokerage account below, let's dive in!

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotion

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth $5 To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
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ACATS Transfer

The easiest and quickest method to transfer your Webull account to TD Ameritrade is by utilizing the ACAT system.

ACAT, or Automated Customer Account Transfer, is an electronic service designed to seamlessly move securities between brokerage accounts. This method eliminates the need for physical paperwork, making the transfer process efficient.

Webull supports outbound ACAT transfers, but be aware that there is a $75 fee for this service.

TD Ameritrade, however, will reimburse you for this fee once the transfer is complete, provided you submit proof of payment, such as a statement.

Eligible Assets

You can transfer stocks, options, ETFs and other assets into your TD Ameritrade account from another firm.

td ameritrade no crypto

However, you are unable to transfer cryptocurrency out of Webull. If you have any, you will want to liquidate it into cash.

That cash will transfer into your new TD account. Keep in mind, this could result in a capital gain which you would have to pay taxes on.

1. Open A TD Ameritrade Account

The process is simple from the TD Ameritrade platform:

  1. The first step is to set up a TD Ameritrade account within the app. There is no initial deposit required to open an account with TD Ameritrade.
  2. The next step is to make sure the name on your Webull account matches the name(s) on your receiving TD Ameritrade account.
  3. After logging in to your new TD Ameritrade account, go to My Account > Account Transfer. 

td ameritrade 3

2. Gather Information From Webull

Look at your most recent Webull statement and organize the necessary information, which includes your account number and account type. 

TD Ameritrade will need these details to process the transfer. In addition, they may ask you to upload a copy of the statement, so be sure to download a copy. 

3. Initiate The Transfer

Finally, initiate the ACATS transfer within TD Ameritrade.

td ameritrade transfer 1

The standard time period it takes for the transfer into your new TD Ameritrade account is about a week.

Once the transfer process begins, your Webull account will be restricted from placing new trades.

Article written by Beau Jordan

Read more

Power Your Investing

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