Deposit & Withdrawal
Why was I charged $5 reversal fee?
Why was I charged $5 reversal fee?

If your deposit or withdrawal was returned during the settlement period, (This is usually caused by the deposit/withdrawal request being accepted, but the cash not settling), the clearing firm will charge you $5. This is called a "Funds Reversal". The common reversal reasons are:

1) Insufficient funds in your bank account.

2) Incorrect routing number/bank account number/bank name.

3) The bank account is not authorized for an ACH or has been frozen.

4) You have exceeded the number of ACH transactions allowed on your bank account.

Please note that once the reversal fee has been charged by the clearing firm, Webull is unable to waive it.

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