What Banks Does Webull Accept for Linking?

Webull is a popular trading platform. To fully utilize its features, including funding your account and withdrawing profits, linking a bank account is necessary. This process enables seamless electronic transfers between your bank and your Webull brokerage account. This article will guide you through the process of linking your bank account, identify the types of banks Webull supports, and offer solutions for common connection issues.

Linking Your Bank Account to Webull

Connecting your bank account to your Webull brokerage account begins within the Webull mobile application or desktop platform. Navigate to the “Deposit” or “Transfer” section, then select “Bank Transfer” or “Link Account.” Webull requires your bank’s name, account number, and routing number to establish the connection.

Two primary methods exist for linking your bank account. The first is instant verification, often facilitated by third-party services like Plaid or Yodlee, which securely connect to your online banking portal. This method requires logging in with your bank’s online credentials through the secure third-party interface, allowing for quick verification within minutes.

The second method involves micro-deposits, where Webull sends two small, random amounts to your bank account. You must then observe these deposits in your bank statement (typically 1-3 business days) and enter their exact amounts into the Webull platform to confirm account ownership. Once verified, your bank account is linked, allowing ACH transfers for deposits and withdrawals, which usually take 3-5 business days to fully settle.

Supported and Unsupported Bank Types

Webull supports a wide array of US-based bank accounts for linking. This includes most major commercial banks, regional banks, and a majority of credit unions. For a successful link, the bank account must be an individual account held in your name, matching the name on your Webull brokerage account.

Webull requires a checking account for direct linking to facilitate ACH transfers. Savings accounts, money market accounts, and prepaid debit cards are not accepted due to transactional limitations or regulatory differences. Webull does not support linking international bank accounts. Third-party payment services, such as Chime, Varo, Cash App, PayPal, or Venmo, are not directly compatible as they do not function as traditional bank accounts for direct ACH transfers. Business bank accounts cannot be linked to a personal Webull trading account.

Common Issues and Solutions for Bank Connections

Users occasionally encounter issues when linking their bank accounts to Webull. Common problems include entering incorrect account or routing numbers, trying to link an unsupported account type like a savings account, or running into daily transfer limits. Temporary outages or maintenance issues with the bank’s system or Webull’s third-party verification service can also disrupt the linking process.

When facing a connection problem, first double-check all entered bank details for accuracy. If instant verification fails, attempting the micro-deposit method provides an alternative pathway, as it uses a different connection process. Contacting your bank to confirm its ability to receive ACH transfers and inquire about any potential restrictions or limits on your account can also provide clarity. If issues persist, unlinking and then relinking the bank account within the Webull app can sometimes resolve synchronization problems. For persistent difficulties, reaching out to Webull’s customer support with specific error messages or details of the problem is advisable for further assistance.