Withdraw and Close Advisor Account

Once I submit a request to withdraw funds, how long will it take for the funds to be credited?

If there’s enough cash in your account, the withdrawal will be processed immediately. If not, we will sell positions to raise the necessary funds. These sell orders are executed after any pending rebalancing trades and may take up to 6 business days, though typically complete within 2–3 business days.

Transfer times to your external account depend on the method:

• ACH transfers: 3–5 business days
• Wire transfers: 1–2 business days

Withdrawing Funds

App:

1. Switch to your advisor account
2. Select Actions➝ Transfer Money.
3. Tap the switch button to switch the transfer direction. To withdraw funds from your Webull account, ensure that the "To:" field shows your external bank account.
4. Enter withdrawal amount.
5. Tap Review and Submit.

Important Notes:

• If your advisor account balance is $100 or less, there will be no withdrawable funds. To access the remaining balance, you must close the advisor account and transfer the funds to your linked bank or Webull account.
• Advisor accounts with a net account value below $100 due to market depreciation will remain open and are not automatically closed.

Can I cancel or modify my withdrawal request after submitting it?

You have the option to cancel or modify your request before the next business day after submission. To do so, navigate to your account page, select the Actions tab, locate the corresponding withdrawal, and proceed to make changes or cancel it. After the next business day cutoff, you will no longer be able to make any changes or cancel the request.

What should I do if my withdrawal fails?

Check the History tab, find the failed transfer, and tap Retry to modify and resubmit the request. Within the Retry option, you will be able to modify the withdrawal amount before resubmitting your request.

Why is my account closure status stuck at "submitted"?

If you choose to liquidate assets, this process may take up to 8 business days due to pending trades. For in-kind transfers, the process begins once trades settle and may take up to 7 business days. If transferring to a third-party broker, initiate the request after fractional shares have been sold. The account will be closed once these processes complete.

How do I transfer out or close my account?

When closing your advisor account, you can:

• Sell all positions and withdraw funds to your linked bank account
• Transfer funds to another Webull account instead of withdrawing to your bank
• Transfer assets out to another Webull account or external brokerage as part of the closure process

Transferring Funds During Account Closure

You can transfer assets from your advisor account either to another Webull account or to an external brokerage (via ACAT) during the account closure process.

App:

1. Switch to your advisor account
2. Tap Close My Account under the Actions tab
3. Select Transfer Out.
4. Choose either Internal Webull Account or Other Broker

For ACAT transfers, you must go through all confirmation screens and tap Acknowledge on the Reminder for transfer to external brokerage account pop-up.