Please open an IRA (Roth/ Rollover/ Traditional IRA) in Webull and directly rollover your assets into it from the 401(k).
Please refer to the instructions below:
Contact your retirement plan administrator (have your statement and Social Security card handy) and specify how you want the assets delivered. With a direct rollover, there's no tax withholding or IRS penalty.
• Direct Rollover (Wire):
Request to have the funds wired to your Webull Account.
o Please see our wire remittance information below
• Direct Rollover (Check):
Request to have a check made out to "Apex Clearing Inc FBO [YOUR NAME], [YOUR WEBULL ACCOUNT #]
o This check can be sent to Apex directly or sent to you to forward on to Apex
• Indirect Rollover:
Request a check made payable and sent to you directly. You'll have 60 days to forward the funds to your new IRA to avoid an IRS penalty. Your plan administrator may withhold 20% for federal taxes. Be sure to include a deposit slip. Please refer to the example form for instruction on how to properly complete the required document. Please do not endorse the check. Staple a piece of paper to the check including your name and Webull IRA account number to it. Send via registered mail.
|Amount ||U.S. Dollar amount|
|Recipient Bank Name||BMO Harris Bank|
|Bank Address||111 W Monroe St, Chicago, IL 60603|
|For the Benefit of (FBO)||Apex Clearing Corporation|
|Bank Account Number||1617737|
|Beneficiary's Address||One Dallas Center, 350 N. St Paul Suite 1300 Dallas,TX 75201|
|Beneficiary's Phone Number||888-828-0618|
|For Final Credit to (FFC) ||Please provide your Webull account name along with 8-digit alphanumeric account number 5XXXXXXX|
Check Mailing Information:
Apex Clearing Corporation
350 N St Paul Street, Ste 1300
Dallas, TX 75201
Made payable to: Apex Clearing Corporation FBO (Your name and Webull Account number)
Feel free to reach out to us via the in-app Help Center with any questions regarding the process.