Making a Contribution

What transfer methods can I use to make a contribution?

You can make a direct contribution for a specific tax year using one of the following methods:

1. ACH transfer
2. Wire transfer
3. Transfer from a Webull brokerage account

Below you’ll find more information on each transfer method, along with step-by-step instructions for each platform.

ACH Transfers

An ACH transfer is a free, electronic method for sending funds between financial institutions. Once your bank account is linked to Webull and a contribution is made, transfers usually take 3-4 business days to complete. To link a bank, please use the instructions provided below:

App:

1. Tap the Webull logo (bottom center) to select your account.
2. Select Transfers ➝ Transfer Money
3. Tap Choose an Account to select where to transfer from.
4. Enter the transfer amount, review the contribution type and Tax Year.
5. Tap Review and Submit.

Desktop:

1. Hover over the icons on the left and click Account (if hidden, click on More).
2. Select Contribution within the Account Details widget. This will guide you to the Transfer Money page on the web browser.
3. Select your IRA account from the dropdown (top right). Click Choose an Account to select your external bank account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Select Review. Once reviewed, click Submit.

Web:

1. Navigate to My Account.
2. Select Transfer Money. Select your IRA account from the dropdown (top right).
3. Click Choose an Account to select your external bank account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Select Review. Once reviewed, click Submit.

Webull Brokerage Account

You can make direct contributions from a linked taxable brokerage account using your settled cash balance. Note, you may not internally contribute Traditional and Rollover IRA funds to a Roth IRA. This is commonly referred to as a Roth conversion. To learn more about Roth conversions, please visit Roth IRA Conversions. To proceed with a contribution made from a brokerage account, please follow the instruction provided below:

App:

1. Tap the Webull logo (bottom center) to select your account.
2. Select Transfers ➝ Transfer Money.
3. Tap Choose an Account to select your individual brokerage account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Tap Review. Once reviewed, select Submit.

Desktop:

1. Hover over the icons on the left and click Account (if hidden, click on More).
2. Select Contribution. This will guide you to the Transfer Money page on the web browser.
3. Select your IRA account from the dropdown (top right). Click Choose an Account to select your individual brokerage account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Select Review. Once reviewed, click Submit.

Web:

1. Navigate to My Account.
2. Select Transfer Money. Select your IRA account from the dropdown (top right).
3. Click Choose an Account to select your individual brokerage account.
4. Enter the contribution amount, review contribution type, and confirm tax year the contribution is to be applied.
5. Select Review. Once reviewed, Click Submit.

Wire Transfers

A wire transfer is an electronic method of transferring funds directly from one bank account to another. Unlike ACH transfers, wire transfers are typically faster, often completed within the same business day. Wire transfer requests to Webull are made at the sending bank. To view wire instructions specific to your account, please use the following instruction:

App:

1. Tap the Webull logo (bottom center) to select your account.
2. Select Transfers ➝ Transfer Money.
3. Tap Choose an Account and select Wire Transfer.
4. Review details, select Instructions for Wire.

Desktop:

1. Hover over the icons on the left and click Account (if hidden, click on More).
2. Select Contribution. This will guide you to the Transfer Money page on the web browser.
3. Select your IRA account from the dropdown (top right). Click Choose an Account and choose Wire Transfer.
4. Review details, select Instructions for Wire.

Web:

1. Navigate to My Account.
2. Select Transfer Money.
3. Select your IRA account from the dropdown (top right). Click Choose an Account and choose Wire Transfer.
4. Review details, select Instructions for Wire.

After reviewing the wire details and confirming the wire has been sent from your bank, please tap Transfer Completed, Notify Webull. You’ll then be prompted to upload your most recent bank statement to help ensure accurate and timely delivery of your funds.

Webull Financial does not offer tax advice. Any integration with third-party tax software is provided for informational purposes only. For any questions about taxes, including how to file, please contact a tax professional.