Would cash held in reserve for cash secured puts accrue interest in the program? No, the cash held in reserve for cash-secured puts will not accrue interest.
When will I receive my interest? Interest accrues daily and is paid automatically to your brokerage account on the 15th of each month. If the 15th falls on a non-business day, the payment is made on the prior business day. Funds will appear in your account balance for the next business day.
Why is my uninvested cash not earning interest? Webull has retired the reserve interest product. Any clients who did not upgrade to the bank sweep product before July 1st were automatically unenrolled from Cash Management and will no longer earn interest. To re-enroll, go to Menu > Shortcuts > Cash Management in the mobile app.
Are there any fees? No. Webull does not charge fees for participating in the Cash Management program. Are there any minimum balance requirements for Cash Management? No. There are no minimum balance requirements to use Cash Management. How does Cash Management keep my funds safe? The uninvested cash in your brokerage account is swept to program banks, where it becomes eligible for FDIC insurance up to $250,000 per program bank ($5,250,000 in total). Be aware that your FDIC coverage is limited to $250,000 per bank, including cash within the bank sweep program and any other deposits you may hold at the bank. For more information on FDIC and SIPC coverage, please view SIPC and FDIC insurance.
How often can I withdraw from Cash Management? There is no extra limit on how many times you can withdraw your money from Cash Management. However, please note that withdrawals are subject to daily ACH transfer limits. Does interest-bearing cash balance refer to the cash balance in my account? Not exactly. The Webull Cash Management program calculates interest based on your settled cash also known as your free credit balance. You can view your daily interest generated from the Cash Management program in the Webull mobile app. How is my daily interest calculated? The current formula is as follows:
Your daily interest = Your interest-bearing cash balance on the day * Current APY/365
You can check your daily interest generated from the Cash Management program in the Webull mobile app. For leap years, the divider of the above formula is 366 instead of 365.
Will my buying power decrease if I join the Cash Management program? No, joining the Cash Management program will not affect your buying power. Who is eligible to use Cash Management? Cash Management is available for Cash, IRA, Joint, and Entity accounts. It is not supported for Margin accounts.
Which banks are in our network? As of September 22nd, 2025, the following FDIC-insured banks are in the program:
- Webster Bank
- Dayspring Bank
- Keystone Bank
- Third Coast Bank
- Legacy Bank & Trust
- NexBank
- Banc of California
- TriState (IRA)
- CitiBank
- Lake Forest Bank & Trust
- Northbrook Bank & Trust
- Cross River
- State Bank of the Lakes, N.A.
- Barrington Bank & Trust Company, N.A.
- Wheaton Bank and Trust, N.A.
- Town Bank, N.A.
- Beverly Bank & Trust Company, N.A.
- Schaumburg Bank & Trust Company. N.A.
- Crystal Lake Bank & Trust Company, N.A.
- Village Bank & Trust, N.A.
- Libertyville Bank & Trust Company, N.A.
- Hinsdale Bank and Trust Company, N.A.
- Customers Bank
Note, Webull may change the network of program banks at any time. If a change is made, we’ll let you know in advance.
Will I receive any tax forms due to my earned interest in Cash Management? Yes. Interest you receive will be provided in an annual tax form.
Where can I find more information? Please review the Webull Financial Cash Management Program Terms for additional details on the Cash Management program. Available at https://www.webull.com/policy.
How do I enroll or unenroll from Cash Management? Enrollment and unenrollment must be completed through the Webull mobile app. Desktop access is not available.
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