Access Webull Cash Management to Earn Interest on Your Cash (2024)

Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX).

Webull Financial, LLC is a CFTC registered Futures Commission Merchant and NFA Member. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement and other relevant Futures Disclosures located at www.webull.com/fcm-disclosures prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).

Advisory accounts and services are provided by Webull Advisors LLC (also known as "Webull Advisors"). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Registration does not imply a level of skill or training. See additional information on the Disclosures webpage. Trades in your Webull Advisors account are executed by Webull Financial LLC.

Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 in any cash awaiting reinvestment). An explanatory brochure is available upon request or at www.sipc.org. Webull Financial LLC’s clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options.

All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Diversification does not eliminate the risk of experiencing investment losses. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types. Margin trading privileges are subject to Webull Financial, LLC review and approval. Leverage carries a high level of risk and is not suitable for all investors. Greater leverage creates greater losses in the event of adverse market movements.

Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Market volatility, volume and system availability may delay account access and trade executions.

Free trading of stocks, ETFs, and options refers to $0 commissions for WebullFinancial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices, desktopor website products. A $0.55 per contract fee applies for certain index options and a $0.10 per contract fee applies for oversized option orders.Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details.

No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.

Access Webull Cash Management to Earn Interest on Your Cash (2024)

FAQs

How to access Webull cash management? ›

  1. Open a brokerage account. (be sure to choose Cash account type)
  2. Enroll in the Cash Management program.
  3. Fund your account and start earning.

How often does Webull cash management pay interest? ›

The cash management interest is accrued daily and is paid to your brokerage account automatically on the 15th of every month.

Can you withdraw from Webull cash management? ›

The Webull Cash Management Account doesn't have monthly fees or minimum balance requirements. There are fees for wire transfers, though. Deposits via wire transfer cost $8 per deposit, and withdrawals via wire transfer costs $25 per withdrawal.

Does cash management account earn interest? ›

A cash management account is a nonbank cash account – typically managed online – where you can park your cash, earn competitive interest rates and withdraw money as you need it.

Can I withdraw from a cash management account? ›

Flexibility: Cash management accounts usually make it easy to withdraw your funds. Many offer debit cards you can use to withdraw cash at ATMs or make purchases, and some allow for check writing.

How long does it take for cash to be withdrawable from Webull? ›

You will be responsible for any fees incurred relating to the withdrawal, which include but are not limited to FX conversion charges and bank charges. Please note that withdrawal requests are processed Monday-Friday between 9am and 3pm. Note: Your withdrawal request will take 1 to 3 business days to complete.

Is it safe to keep money in Webull? ›

Webull Financial is a member of SIPC, which protects securities customers of its members up to $500,000 ($250,000 for cash claims). For additional information regarding SIPC, including obtaining a copy of a SIPC brochure, please contact SIPC at (202) 371-8300 or visit the SIPC website at www.sipc.org.

How much does it cost to withdraw money from Webull? ›

Except for withdrawing funds to overseas accounts, Webull Securities does not charge handling fees during the process of withdrawing funds. Webull will not charge any fee on providing fund withdrawal service , all bank charges will be deducted from the withdraw amount.

How do you know if you made money on Webull? ›

Open the Webull app and click on the Webull icon. Enter your PIN or use Face ID to access the Menu. On the Asset page, you will see all the positions you own in the "My Positions" column. For each stock, you will see the P&L column indicating the current gains or losses of the stocks you own.

Why won't Webull let me withdraw money? ›

Ensure the currency you are trying to withdraw is the same as the cash balance available. If you are still experiencing issues please contact us via the in-app help centre.

Can I transfer money from Webull to my bank account? ›

How do I withdraw funds from my account? Webull can only support withdrawals to a valid bank account at this juncture. We do not support withdrawals to payment service providers or e-wallets. Withdrawals can only be made to your individual bank account.

Can I cash out my free Webull stock? ›

4. Flexibility: Once credited, you may hold or sell the awarded stock. Proceeds from the sale can be used to purchase other eligible securities or withdrawn as funds.

What are the disadvantages of a cash management account? ›

Cons
  • Rates may be lower than high-yield savings accounts at online banks.
  • May not have access to joint or trust accounts.
  • High minimum balance requirements in some cases.
  • No local customer support option.
Jul 19, 2024

Does Webull pay interest on cash? ›

Webull pays interest on uninvested cash: you can earn up to 5.0% on USD. What are the benefits of getting interest on uninvested cash? Earn additional money without active investing, preserving its value against inflation. Keep cash easily accessible while generating returns.

What is the risk of a cash management fund? ›

1. Inflation risk: Over the long term, cash-managed funds are less likely to beat inflation than stocks do; 2. Default risk: Not all managers are trustworthy.

How to access Moneybull? ›

Simply click 'Activate Now' on the Moneybull tab in the Webull app. Maintain your buying power while earning cash returns. All returns belong to you.

How do I access brokerage cash? ›

Can you pull money out of a brokerage account? Yes, you can pull money out of a brokerage account with a bank account transfer, a wire transfer, or by requesting a check. You can only withdraw cash, so if you want to withdraw more than your cash balance, you'll need to sell investments first.

Why can't I use my cash balance on Webull? ›

My account has a cash balance but I cannot withdraw? Ensure the currency you are trying to withdraw is the same as the cash balance available. If you are still experiencing issues please contact us via the in-app help centre.

What is the difference between a margin account and a cash account on Webull? ›

Margin accounts offer all option trading strategy capabilities. Cash accounts do not offer leverage, and you can only trade with settled funds. With a cash account, you trade with the money you deposit. You are not able to access leverage even if your account value is above $2,000.

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