Transfer Webull Stocks to Merrill Edge

Transfer Merrill Edge Account to Webull OR Vice Versa in 2022


Instructions on how to move Merrill Edge stocks to Webull or vice versa: ETFs, IRA, brokerage assets, and money in 2022. How much is a transfer fee and how long does it take.



How to Move a Brokerage Account From Merrill Edge to Webull or Vice Versa


Have you been disappointed with Merrill Edge? If you answered yes to this question, we have a solution for you. With our guide, you can transfer a brokerage account from Merrill Edge to Webull, or go in the other direction. The whole process does take a week or two, however; so you want to be sure not to trade during the transfer.


Moving from Merrill Edge to Webull


Going in the other direction does entail a few differences. Merrill Edge charges $49.95 to move an account to another brokerage firm. So there is a cost savings. Moreover, Merrill charges nothing for a partial transfer. So if you wanted to avoid the ACAT fee altogether, you could leave something in your Merrill account.

But first, you’ll need to open a Webull account. To do this, click on their promotion offer: Receive 12 FREE stocks valued up to valued up to $30,600. Then click on the "Open Account" button. This will give you the account opening page.

The brokerage house has individual and joint accounts plus a few IRA types. Some accounts available at Merrill, such as 529 plans, aren’t available at Webull. So you won’t be able to move those.

Once you have the correct Webull account open, you’ll be ready to request a transfer from Merrill. As with the account types, the names on the accounts must also match.

To submit your request, you’ll need to log into your Webull account via the broker’s mobile app. Tap on the middle icon in the bottom menu. On the next page, tap on “Transfers.”


Transfer stocks to Webull


Next, in the top menu tap Transfers and then tap on the Transfer Stocks into Webull icon.


Transfer stocks to Webull


Webull does a great job of making the transfer easy. It offers icons of major broker-dealers. Tap on the Merrill Lynch icon, and you’ll be able to submit your transfer request very quickly.

You’ll need your Merrill account number of course. If you want a partial transfer, you’ll need to list each security individually on the transfer form. Partial or full, Webull does have a $500 transfer minimum.

If you need any assistance during the move, you can reach Webull’s transfer team at Account@webull-us.com.


Promotion



Open WeBull Account



Moving from Webull to Merrill Edge


To move your Webull account to Merrill Edge, you’ll need to start with Merrill. An account transfer is always handled on the receiving end of things; so you won’t need to do anything at Webull. There is an exception to this rule, however. We’ll look at it in just a moment.

On the Merrill Edge site, you’ll want to first open a brokerage account. If you plan to transfer an IRA, you’ll need to open an IRA. The account types must be the same; so make sure you open the right account type. Every account type Webull offers is available at Merrill Edge.

At the top of the Merrill site, there is a red button that says “Open An Account.” Click on this and you’ll be on the broker’s account application page.


Transfer Webull stocks to Merrill Edge


Inside your new account, click on the “Accounts” tab in the top menu and select “Transfer Money & Securities” from the list of available options. Follow the instructions and you’ll have your Webull investments inside your Merrill Edge account in a few days.

Webull does charge $75 for outgoing transfers. Merrill Edge charges nothing for incoming transfers. If you want to avoid Webull’s ACAT fee, you could sell your holdings and then move the resulting cash to a bank account. From there, you could transfer the cash into your Merrill Edge account and re-buy the securities.


Comparison


Read detailed WeBull vs Merrill Edge Comparison.


Merrill Edge Promotion



Open Merrill Edge Account


About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.