Taking a Distribution

You can submit a distribution through the Webull mobile app, website, desktop application, or by check. For instructions on how to submit a distribution using the mobile app, website, or desktop application, please refer to the following guidelines:

App:

1. Tap the Webull logo (bottom center).
2. Select your desired IRA account.
3. Tap Transfers ➝ Distribution ➝ Distribute.
4. Choose ACH, wire, or a Webull Account to receive the funds.
5. Enter the distribution amount and reason.
6. Tap Submit.

Web:

1. Navigate to My Account ➝ Withdraw.
2. Select your IRA in the dropdown and click Distribute.
3. Enter the distribution amount and reason.
4. Click Continue.

Desktop:

1. Navigate to Account.
2. Within the Banking widget, click Distribution.
3. Select your IRA in the dropdown and click Distribute.
4. Enter the distribution amount and reason.
5. Click Continue.

For requests involving a check, excess removals for a prior or current year, or calculations of Net Income Attributable (NIA), you will need to complete an IRA Distribution form specific to your IRA type. The required forms are below:

Traditional and Rollover IRA

IRA Distribution form

Roth IRA

Roth IRA Distribution form

Once the form is completed and signed, please send your form through the in-app Help Center or email us at IRA@webull.com.

How long does a distribution take?

Processing times may vary depending on the distribution method chosen, such as ACH, wire transfer, internal transfer, or check.

ACH

Electronic distributions to the bank account on file may take up to 3-4 business days.

Wire

Distributions sent via wire will take up to 1-2 business days.

Internal Transfer

Distributions sent internally to a brokerage account are processed either on the same day or the next business day.

Check

Check distributions may take up to 7-10 business days.