If you’re looking for a commission-free trading platform with no minimum account balance, Webull may be the perfect option for you.
But does Webull have a debit card? No, Webull does not currently offer a debit card. However, they do offer a great mobile app that lets you trade stocks and ETFs for free.
Plus, you can get real-time market data, news, and analysis.
If you’re looking for a good stock trading platform with no fees, Webull is definitely worth checking out.
Table of Contents
Does Webull Have A Debit Card Like Robinhood?
Webull and Robinhood share a number of features, including zero-commission stock trading, option trading, cryptocurrency purchases, and exchange-traded funds (ETFs). Both apps include a number of noteworthy features that one would expect from a competent brokerage app.
Robinhood’s only advantage over Webull is its provision of debit card and cash management services. Webull is unable to provide debit cards to its subscribers. However, Webull outperforms Robinhood in every other category.
Webull Cash Management
Webull does not currently offer cash management services such as checking, savings, and bill payment.
Webull is a brokerage app that enables investors and traders to deposit money and trade stocks, exchange-traded funds, and cryptocurrencies.
Can I Fund my Webull Account with a Debit Card?
No, a Webull subscriber cannot deposit funds into his Webull account using a debit card. You may fund your Webull account using any of the methods listed below.
ACH Bank Transfers
You can use an ACH bank transfer to transfer funds from your savings or checking account. With a savings account, you can deposit up to a certain amount. Bank transfers made via ACH take approximately 5-7 days to reflect in the Webull account.
Through an ACH bank transfer, you can deposit funds into Webull from multiple banks that you’ve linked and verified in your Webull account. You can check the list to see if Webull offers your preferred checking or savings account.
- Citi
- US Bank
- Capital One
- Charles Schwab
- Ally
- Regions
- Fidelity
- Navy Federal Credit Bank
- BB&T
- Citizens Bank
- Huntington
- Bank5 Connect
- Discover
- USAA
- Chase
If your bank is not listed as a real-time verification bank, you may wish to try your luck with micro-deposit verification. If none of these verification methods work, you can choose another bank account.
If you are still unable to establish a banking relationship, you may proceed with a wire transfer.
Wire Transfer
A wire transfer is a transfer of funds from one bank account to another, for which you must pay a fee. Webull’s official website details the fees associated with wire transfers.
Webull Debit Card Deposits
The absence of a debit card associated with a Webull account does not diminish Webull’s utility as a brokerage app. To begin trading with a Webull account, you must fund it. This cannot be accomplished through a cash or debit card deposit.
You can fund your Webull account in the same way that you would with any other online bank transaction or wire transfer. It’s similar to making an online purchase, where you must first select your bank and then enter the transaction’s amount.
To deposit funds into your Webull Account from a bank, simply follow these simple steps.
- Access your Webull app by logging in.
- To access the “Assets” screen/page, click or tap on the Webull icon in the center at the bottom of the screen.
- From this screen, select “Transfers” and then “Deposits.”
- Select the bank account from which you wish to make a transfer to a Webull account and enter your bank account credentials to establish a connection with the bank. Verification will be requested via the bank portal. When you have completed this, the bank will be prepared to make the necessary funds transfer.
- Following that, you’ll see a blank space (preceded by $) where you can enter the amount to transfer for a deposit and enter it. The minimum initial deposit is $100.
- Read the caution note just above the “Transfer to Webull” button carefully and confirm that you agree with the transfer information provided.
- To transfer the funds, click or tap the “Transfer to Webull” button.
- The deposit will be transferred within five days of receipt.
FAQ
How Do I Add A Debit Card To Webull?
Webull does not permit the addition of a debit card to an account. Deposits are only accepted via ACH bank transfer or wire transfer.
Withdrawals from Webull->Transfers allow you to transfer funds from Webull to your bank account.
Important note: Webull operates on a single currency for withdrawals and deposits, which is the United States dollar. When you make a transfer from another currency to your Webull account, you must pay a conversion fee. This is not a commission fee, as Webull is a commission-free brokerage application. It is charged by the bank with which it is associated for currency conversion.
Will Webull Offer Debit Cards in the Near Future?
Many users of brokerage apps wish to have the added convenience of a bank checking account. It relieves them of the responsibility of maintaining separate accounts for general usage and investment.
Webull users openly share on various social media platforms that Webull should consider its users’ pressing need for debit cards and begin offering them.
Webull is not a financial institution. Due to the fact that it is a commission-free brokerage platform, such an expectation may take longer to materialize than anticipated.
Does Webull Have A Credit Card?
No, Webull does not have a credit card at present.
