What fee does Webull charge for transferring stocks and funds?

There are several methods that clients can use to transfer securities and/or funds. The most common type of transfer is an Automated Client Account Transfer (ACAT). These transactions occur between two brokers (DTC members) and are initiated from the perspective of the new broker. These transactions can be a partial or full transfer. If you opt for a full ACAT, your account with the sending broker will be automatically closed, which is standard procedure. These transfers can take 3-7 business days and a fee from the sending broker will apply, typically $75-$100.

Securities Transfer to Webull (Down Payment): $0

Webull does not charge for any incoming transfer. However, your delivery agent might charge you for an outgoing transfer. Please contact your delivery agent for fee details. To avoid an ACAT fee for cash-only transactions, you can withdraw the funds and then deposit them back into your Webull account.

Webull Securities Transfer (Outbound): $75

If you make an outbound ACAT transfer (cash and/or securities) to another broker, we will charge you a $75.00 fee.

Direct Registration System (DRS) Fees

Webull holds all positions in street name. We do not currently offer direct registration, which allows investors to have their securities registered in their name on the books of the issuer of registered stock held by natural persons. We charge a fee of $115 per position to transfer stock to the issuer or company's transfer agent to register the stock. If the transfer fails, an additional fee of $125 will be charged for each rejected transfer.