Making a Contribution

What transfer methods can I use to contribute to my IRA?

You can contribute to your IRA for a specific tax year using one of the following methods:

• ACH transfer
• Wire transfer
• Transfer from a Webull brokerage account

Each method is explained below, along with platform-specific steps for initiating a contribution.

What is an ACH transfer, and how does it work?

An ACH transfer is a free, secure way to send funds electronically from your linked bank account to your Webull IRA. Once initiated, ACH transfers typically take 3–4 business days to complete.

How do I make an ACH IRA contribution?

To link a bank, please use the instructions provided below:

App:

1. Tap the Webull logo (bottom center) to select your account.
2. Select Transfers ➝ Transfer Money
3. Tap Choose an Account to select where to transfer from.
4. Enter the transfer amount, review the contribution type and Tax Year.
5. Tap Review and Submit.

Desktop:

1. Hover over the icons on the left and click Account (if hidden, click on More).
2. Select Contribution within the Account Details widget. This will guide you to the Transfer Money page on the web browser.
3. Select your IRA account from the dropdown (top right). Click Choose an Account to select your external bank account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Select Review. Once reviewed, click Submit.

Web:

1. Navigate to My Account.
2. Select Transfer Money. Select your IRA account from the dropdown (top right).
3. Click Choose an Account to select your external bank account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Select Review. Once reviewed, click Submit.

Can I contribute to my IRA using funds from my Webull brokerage account?

Yes, you can make an IRA contribution using settled cash from your Webull individual brokerage account.

Note: You may not contribute funds from a Traditional or Rollover IRA to a Roth IRA through this method. This would be considered a Roth conversion. Learn more under Roth IRA Conversions.

How do I make a contribution from a brokerage account?

To proceed with a contribution made from a brokerage account, please follow the instruction provided below:

App:

1. Tap the Webull logo (bottom center) to select your account.
2. Select Transfers ➝ Transfer Money.
3. Tap Choose an Account to select your individual brokerage account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Tap Review. Once reviewed, select Submit.

Desktop:

1. Hover over the icons on the left and click Account (if hidden, click on More).
2. Select Contribution. This will guide you to the Transfer Money page on the web browser.
3. Select your IRA account from the dropdown (top right). Click Choose an Account to select your individual brokerage account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Select Review. Once reviewed, click Submit.

Web:

1. Navigate to My Account.
2. Select Transfer Money. Select your IRA account from the dropdown (top right).
3. Click Choose an Account to select your individual brokerage account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Select Review. Once reviewed, Click Submit.

What is a wire transfer, and how does it differ from ACH?

A wire transfer is a fast, electronic method of sending funds from one bank to another, often completed the same business day. Unlike ACH, fees may be applied by intermediary banks, and these fees reduce the reported contribution amount.

Note: Any incoming domestic or international wire transfer fees deducted by intermediary or receiving banks will not count toward your IRA contribution limit. For example, if you wire $1,000 domestically and a $8 fee is applied, $992 will count as your contribution for the applicable tax year.

How do I view wire instructions?

To view wire instructions specific to your account, please use the following instruction:

App:

1. Tap the Webull logo (bottom center) to select your account.
2. Select Transfers ➝ Transfer Money.
3. Tap Choose an Account and select Wire Transfer.
4. Review details, select Instructions for Wire.

Desktop:

1. Hover over the icons on the left and click Account (if hidden, click on More).
2. Select Contribution. This will guide you to the Transfer Money page on the web browser.
3. Select your IRA account from the dropdown (top right). Click Choose an Account and choose Wire Transfer.
4. Review details, select Instructions for Wire.

Web:

1. Navigate to My Account.
2. Select Transfer Money.
3. Select your IRA account from the dropdown (top right). Click Choose an Account and choose Wire Transfer.
4. Review details, select Instructions for Wire.

How do I notify Webull after completing a wire transfer?

After sending your wire, follow these steps to help ensure timely processing:

• Tap Transfer Completed, Notify Webull
• Upload your most recent bank statement to assist with verification

Webull Financial does not offer tax advice. Any integration with third-party tax software is provided for informational purposes only. For any questions about taxes, including how to file, please contact a tax professional.