Internal Asset Transfers

Can I internally transfer assets?

We support full internal asset transfers between your accounts. Partial internal asset transfers are available for Custodial Accounts. For more information on Custodial Account transfers, select here. There are no fees for internally transferring your assets.

How to I initiate an internal transfer?

To initiate an internal transfer, please follow these steps outlined below for the Webull mobile app, website, and intuitive desktop platform:

Mobile App:

1. Tap Account (bottom center).

2. Select the receiving account you wish to transfer to.

3. Select Transfers ➝ Transfer Accounts ➝ Internal Transfer.

4. Select the receiving account within the To field. You may also tap the switch icon to swap the From and To fields.

5. Tap Transfer ➝ Understood.

Mobile App (Lite):

1. Tap the head and shoulders icon.

2. Select Banking and Transfers and choose the desired account.

3. Select Transfer Accounts ➝ Internal Transfer.

4. Select the receiving account within the To field. You may also tap the switch icon to swap the From and To fields.

5. Tap Transfer.

Desktop App:

1. Navigate to Account.

2. Under the Banking widget, click Stock Transfer.

3. Complete both the To and From fields. You can also select the switch button to swap the To and From fields.

4. Select Transfer ➝ Continue ➝ Confirm.

Website:

1. Navigate to My Account ➝ Transfer Accounts ➝ Transfer In.

2. Complete both the To and From fields. You can also select the switch button to swap the To and From fields.

3. Select Transfer ➝ Continue ➝ Confirm.

How long does it take?

Full internal transfers generally complete within 10-15 minutes. If you make a transfer request before 6:00 PM ET, it is processed on the same day. Requests made after 6:00 PM ET or on weekends will be processed on the next business day.

Can I transfer my brokerage account to my IRA?

No, you are unable to transfer stocks and options internally from your brokerage account to an IRA. This is because the account types are different: one is a brokerage account, while the other is an Individual Retirement Account (IRA). You can make an internal cash transfer from your brokerage account to an IRA, which would be considered a contribution. Please follow these steps for more information on internal cash transfers.

When will my cost basis be updated?

Your cost basis will be updated within 1-3 business days following the internal transfer. If you think your cost basis is incorrect, please reach out to us via the in-app Help Center for further review..

What are the requirements to internally transfer assets?

To transfer assets between your accounts, all of the following conditions must be met:

• All Trades are Settled

• All Funds are Settled

• No Open Order

• No Options Positions

• No Processing ACATs Out

• No Open Recurring Deposit Plan

• No Open Recurring Investment Plan

• No Deposit Restrictions on Receiving Account

• No Withdrawal Restrictions on Delivering Account

• No Pending Corporate Actions

• No Restricted Assets

How do tax lots affect internal asset transfers?

Tax lots transferred during an internal asset transfer are determined by the tax lot method currently assigned to the delivering account.