Offer Period: October 1, 2024 at 12:00 AM ET – November 17, 2024 at 11:59 PM ET.

Offer Eligibility: This promotional offer (the “Offer”) is open only to individuals who (i) have a self-directed Traditional or Roth IRA account (each an “Self-Directed IRA Account”) that is offered by Webull Financial LLC (“Webull”) and custodied at UMB Bank, N.A., and (ii) receive an e-mail, push notification, in-app notification, or other invitation from Webull to participate in this Offer (each such individual, an “Eligible Customer”).

Offer Requirements: To receive a Deposit Bonus (as defined below), an Eligible Customer must, during the Offer Period, (i) click the “claim this offer” button on the landing page for this Offer on the Webull mobile application, desktop application, or website (collectively, the “Webull Platform”), (ii) complete one or more Qualifying Deposits (as defined below) to their Self-Directed IRA Account, and (iii) maintain in their Self-Directed IRA Account the Net Qualifying Deposit Amount (as defined below) until the Fifth Payment Date (as defined below), i.e. October 20, 2029.

“Deposit” means a deposit or transfer by an Eligible Customer to their Self-Directed IRA Account of any amount of funds or assets up to $1 Million held by the Eligible Customer at an institution other than Webull or any of its affiliates that settles. For the avoidance of doubt, (i) if an Eligible Customer withdraws or transfers assets from their brokerage account in good standing with Webull (a “Webull Brokerage Account”), managed IRA account,  or from any other account that the Eligible Customer holds with Webull or any of its affiliates and deposits or transfers all or any portion of such assets to their Self-Directed IRA Account, such deposit or transfer will not be deemed a “Deposit”, and (ii) any deposit or transfer by the Eligible Customer to their managed IRA account will not be deemed a “Deposit” for the purpose of these terms and conditions.

“Qualifying Deposit” means a Deposit made by an Eligible Customer during the Offer Period.

“Withdrawal” means a withdrawal or transfer out of any amount of funds or assets from an Eligible Customer’s Self-Directed IRA Account. For the avoidance of doubt, (i) if an Eligible Customer withdraws or transfers out funds or assets from their Self-Directed IRA Account to their Webull Brokerage Account, managed IRA account or any other account that the Eligible Customer holds with Webull or any of its affiliates, such withdrawal or transfer out will be deemed a “Withdrawal”, and (ii) transfer between an Eligible Customer’s Self-Directed IRA Accounts will not be deemed a “Withdrawal”.

“Net Qualifying Deposit Amount” means (i) the aggregate amount of all Qualifying Deposits during the Offer Period, minus (ii) the aggregate amount of all Withdrawals during the Offer Period.

Deposit Bonus:  An Eligible Customer who satisfies the Offer Requirements is eligible to receive a “Deposit Bonus” consisting of a payment to their Self-Directed IRA Account of an amount equal to 3.5% of the Eligible Customer’s Net Qualifying Deposit Amount. Deposit Bonus will be paid in five installments in the amounts and on the dates indicated below.

                                    Payment Date                                                            Payment Amount

First Installment      October 20, 2025 (“First Payment Date”)       1/5 of total Deposit Bonus

Second Installment    October 20, 2026 (“Second Payment Date”)    1/5 of total Deposit Bonus

Third Installment      October 20, 2027 (“Third Payment Date”)       1/5 of total Deposit Bonus

Fourth Installment     October 20, 2028 (“Fourth Payment Date”)      1/5 of total Deposit Bonus

Fifth Installment      October 20, 2029 (“Fifth Payment Date”)          1/5 of total Deposit Bonus

Each installment of the Deposit Bonus will be issued and become available for claim within 7 business days after the respective Payment Date. An Eligible Customer must claim each installment through the Promotion Center on the Webull Platform within 30 days following the date it becomes available for claim. Any installment not timely claimed will expire and will not be reissued. Failure to claim any installment will not affect eligibility to receive the remaining installments.

Please note:

1.         Deposit by an Eligible Customer following the end of the Offer Period will not increase the amount of the Deposit Bonus the Eligible Customer is entitled to receive.

2.         Withdrawals from an Eligible Customer’s Self-Directed IRA Account between the end of the Offer Period and the Fifth Payment Date may reduce the amount of Deposit Bonus as follows:

       (i) If, during the period beginning on the date following the expiration date of the Offer Period and ending on the date before the First Payment Date (the “Adjustment Period”), the aggregate amount of all Withdrawals (the “Adjustment Period Withdrawal Amount”) exceeds the aggregate amount of all Deposits (the “Adjustment Period Deposit Amount”) , then the total amount of the Deposit Bonus will be adjusted to an amount calculated as below:

        (Net Qualifying Deposit Amount + Adjustment Period Deposit Amount - Adjustment Period Withdrawal Amount) * 3.5%

       For the avoidance of doubt, if the Adjustment Period Deposit Amount equals to or is greater than the Adjustment Period Withdrawal Amount, then the Deposit Bonus will not be adjusted.

       (ii) If, during the period beginning on the First Payment Date and ending on the date before the Second Payment Date, the aggregate amount of all Withdrawals exceeds the aggregate amount of all Deposits, then the Eligible Customer will no longer be eligible to receive the second installment and the remaining installments.  

       (iii) If, during the period beginning on the Second Payment Date and ending on the date before the Third Payment Date, the aggregate amount of all Withdrawals exceeds the aggregate amount of all Deposits, then the Eligible Customer will no longer be eligible to receive the third installment and the remaining installments.

       (iv) If, during the period beginning on the Third Payment Date and ending on the date before the Fourth Payment Date, the aggregate amount of all Withdrawals exceeds the aggregate amount of all Deposits, then the Eligible Customer will no longer be eligible to receive the fourth installment and the remaining installment.

       (v) If, during the period beginning on the Fourth Payment Date and ending on the date before the Fifth Payment Date, the aggregate amount of all Withdrawals exceeds the aggregate amount of all Deposits, then the Eligible Customer will no longer be eligible to receive the fifth installment.

3.         Eligible Customers must maintain the amount of any Deposit Bonus payment (minus any trading losses) in their Self-Directed IRA Account for at least 90 days from the date on which such Deposit Bonus payment is credited to their Self-Directed IRA Account. If an Eligible Customer fails to comply with this requirement, Webull may, in its sole discretion, debit the Eligible Customer’s Self-Directed IRA Account in the amount of such payment.

Limitations:

Limit one Deposit Bonus per Eligible Customer. For the avoidance of doubt, no Eligible Customer may earn multiple Deposit Bonuses in connection with multiple Self-Directed IRA Accounts.

If an Eligible Customer has multiple Self-Directed IRA Accounts, then Webull will calculate the total amount of all Deposits and Withdrawals made by the Eligible Customer across all such Self-Directed IRA Accounts when determining whether the Eligible Customer is eligible to receive a Deposit Bonus as well as the amount of the Deposit Bonus.

Webull reserves the right, in its sole discretion, to declare an Eligible Customer ineligible to earn a Deposit Bonus, or to decline to grant an accrued Deposit Bonus to an Eligible Customer for any reason or for no reason, including without limitation (1) for such Eligible Customer’s failure to satisfy any Offer requirements or any violation of the terms and conditions of the Offer, (2) for any actual or suspected fraudulent, deceptive, or abusive activity in connection with any of the platforms or services offered by Webull or any of its direct or indirect owners, its affiliates, and/or its subsidiaries, (3) in connection with any attempt to undermine the legitimate operation of the Offer by cheating, hacking, deception, or other unfair or improper conduct, or (4) for violation by such Eligible Customer of the terms of any agreement to which it is a party with Webull or any direct or indirect owner, any affiliate, or any subsidiary of Webull.

Webull reserves the right to change the terms and conditions of this Offer or terminate the Offer at any time without notice. Without limiting the foregoing, if for any reason the Offer is not capable of running as planned including without limitation by reason of any interruption of service, tampering, unauthorized intervention, labor dispute, fraud, or any other cause beyond the control of Webull, which, in the sole opinion of Webull, corrupts or affects the administration, security, fairness, integrity or proper conduct of the Offer, then Webull may, in its sole discretion, elect to cancel, terminate, modify or suspend the Offer.

Webull may, in its sole discretion, elect to not pay or to rescind payment of all or any portion of a Deposit Bonus if all or any portion of any Qualifying Deposit by the applicable Eligible Customer does not settle, is reversed, or is otherwise determined to be improper or invalid.

The Offer is not transferable or saleable and is available only to legal residents of the United States that are at least 18 years of age. This Offer is not valid alongside any other promotions offered by Webull relating to Self-Directed IRA Accounts. Employees, contractors, or persons similarly associated with Webull or its direct or indirect owners, its affiliates, and/or its subsidiaries; members of their household; referral partners; key opinion leaders and/or influencers; registered representatives of broker-dealers; employees of any securities regulatory organization or exchange; and/or employees of any market maker are not eligible to participate in the Offer or to earn a Deposit Bonus. The Offer is only available for personal use and may not be used for commercial purposes. Other restrictions may apply. Void where prohibited.
   

No substitution, cash redemption, assignment or transfer of a Deposit Bonus is permitted, except by Webull, which reserves the right in its sole discretion to substitute a Deposit Bonus with another prize of equal or greater value. Webull processes and treats the Deposit Bonus as interest earned by the applicable Eligible Customer’s Self-Directed IRA Account, based on a percentage of contributions made by the Eligible Customer to their Self-Directed IRA Account, for tax reporting purposes. Interest earned by the Self-Directed IRA Account will not contribute to or be limited by the annual contribution limit or deductible amount applicable to the Self-Directed IRA Account. Notwithstanding the foregoing, Eligible Customers should note that the Deposit Bonus may be deemed taxable income under certain circumstances, including without limitation for conversions of a non-deductible IRA contribution to a Roth IRA. Webull does not provide tax advice. Eligible Customers should consult with a tax professional regarding appropriate tax treatment and reporting related to the Deposit Bonus before participating in this Offer. All federal, state, and local taxes, if any, related to a Deposit Bonus are the responsibility of the recipient. Neither Webull nor any of its direct or indirect owners, its affiliates, or its subsidiaries, is responsible for any taxes related to this Offer or any Deposit Bonus.

Receipt of a Deposit Bonus does not constitute a solicitation, a recommendation to buy, sell, or hold any asset, or investment advice. This Offer is not sponsored by, endorsed by, or affiliated in any way with any third party.

ACH Transfers: customers who fund their Self-Directed IRA Account with an ACH transfer are responsible for having enough cash in their initiating bank account to cover the transaction. Neither Webull nor any of its direct or indirect owners, its affiliates, or its subsidiaries, takes any responsibility for any charges that any customer may experience in connection with any ACH Transfer, including without limitation for any charges due to insufficient funds or ACH reversals.

Release: BY PARTICIPATING IN THE OFFER, YOU RELEASE, DISCHARGE, AND AGREE TO INDEMNIFY AND HOLD HARMLESS WEBULL, ITS DIRECT AND INDIRECT OWNER(S), AFFILIATE(S), AND/OR SUBSIDIARIES, AND ALL OF THEIR RESPECTIVE DIRECTORS, OFFICERS, PARTNERS, EMPLOYEES, MEMBERS, MANAGERS, AGENTS, LICENSEES, CONTRACTORS, REPRESENTATIVES, SUCCESSORS, AND ASSIGNS (COLLECTIVELY, THE “RELEASED PARTIES”) FROM AND AGAINST ANY LIABILITY FOR ANY DAMAGES, INJURY OR LOSSES, TO ANY PERSON OR PROPERTY, OF ANY KIND RESULTING IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, FROM ACCEPTANCE, POSSESSION, MISUSE OR USE OF ANY DEPOSIT BONUS, OR PARTICIPATION IN THE OFFER. You agree that the Released Parties are not responsible for the occurrence of any event or condition which may, directly or indirectly, limit or prevent you from participating in the Offer or from earning or receiving a Deposit Bonus, including without limitation any technological issues; interruptions of service for any reason; technical, mechanical, printing, typographical, or other errors; or any other errors, omissions, interruptions, deletions, defects, delays in operation or transmission, communications line failures, technical errors, theft, cyber-attacks, or unauthorized account access.