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How To Close Webull Account (2025)
How to close a Webull account online, on mobile app, or on the phone. Fee to delete a Webull brokerage or IRA account.
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How to Close an Account at Webull
If you want to close your Webull account, you may wonder how to do it.
You can close your account in two ways: using an automated transfer (ACATS) or closing it yourself. Which option is best depends on your situation.
Manual Webull Account Closure
Closing the account yourself lets you choose when and at what price to sell your assets. Here’s how to do it once you’re ready.
On the website, go to ‘My Account.’
Next, click ‘Manage My Account.’
You’ll see a link to ‘Delete Account.’ If anything needs to be done before closing, Webull shows a checklist.
The mobile app is similar. Go to ‘Settings,’ then ‘Account & Security,’ then tap ‘Delete Account.’
Broker Promotions
If you are replacing Webull with another broker, check for promotions for new accounts.
Here is the list of current incentives - Broker Promotions »
Manual Webull Account Closure – Prerequisites
Before closing manually, keep these points in mind.
Your account balance must be zero. That means selling all your securities and moving the cash to your bank.
After selling, trades take one day (T+1) to settle. You can’t withdraw unsettled funds. This also applies to deposits, bonuses, and dividends.
Your account must be in good standing. You can’t close if you have a negative balance or an open margin call. If you owe margin, you must pay it off unless you use ACATS, which can transfer margin positions.
Close Webull Account With ACATS Transfer
If you prefer, you can let another broker close your account via ACATS. After the transfer, Webull will automatically delete your account.
The receiving broker starts the transfer. That means you request it from the new broker.
For example, see how to Transfer a Webull Account to Charles Schwab.
Free Charles Schwab Account
Visit Schwab Website
Webull Account Closure Timeline
Once everything is set, Webull deactivates accounts within three business days. Your timeline may vary by method.
For manual closure, wait for trades to settle and money to transfer. With ACATS, the transfer can take up to 7 business days.
Are There any Fees for Closing a Webull Account?
Webull doesn’t charge to close an account, but you may incur fees during the process.
If you close via ACATS, there’s a $75 outgoing transfer fee.
For manual closure, ACH transfers are free, but wire transfers cost $25 for domestic and $45 for international.
Getting Info from a Closed Webull Account
Even after you close your account, you may need your records for taxes.
You can access your documents at the Webull document center (https://www.webull.com/edocs). Enter some personal details to verify your identity, then download what you need.
Do Dormant Webull Accounts Close Automatically?
Webull does not delete accounts just for being inactive. However, state laws on unclaimed property (escheatment) may apply.
Escheatment rules require brokers to turn over abandoned funds to the state after 3–5 years, depending on where you live.
You can leave your account, but getting money back from the state can be a hassle. It’s easier to close it yourself.
Updated on 5/5/2025.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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