How you earn it: Got a self-directed or managed existing IRA (traditional or Roth) with a different broker? You can transfer it to Webull and you'll earn a match of 3.5% on your existing holdings, plus a 3.5% match on your contributions for 2024.
How you qualify: You can qualify for this promotion if you've got an IRA or other investment account with another broker and move it to Webull, plus add additional contributions (via Qualifying Deposits) by the offer deadline. There's a limit of one IRA transfer bonus per customer, so if you have multiple IRAs with different brokers, you won't get a match multiple times over. Traditional, Roth, and Rollover IRAs qualify, as do 401(k)s.
The match is paid out over several years -- one-fifth of your match will be paid each year on June 1, 2025, June 1, 2026, June 1, 2027, June 1, 2028, and June 1, 2029. You'll have to leave your IRA holdings in the account for at least 90 days past this last date to claim the Deposit Bonus amount -- withdrawals or transfers will reduce your bonus amount.
Details: Your 3.5% bonus match depends on how much money you transfer from an existing retirement account to Webull. But if you contribute a full $7,000 to your new IRA with Webull in 2024, you'll earn a match of $245 on top of the match on the money you transfer over. And that 3.5% is unlimited -- if you've got $100,000 in another IRA, you could make $3,500 on it, for example.
And again, it's easy to move assets to Webull:
- In the Transfer section in the Webull app, select "Transfer Assets into Webull."
- Pick the broker you're transferring from.
- Provide your account number with the other broker, and answer questions about your positions.
- Initiate the transfer and Webull will take it from there.
Offer expired: Aug. 31, 2024
Fact Checked
Eric McWhinnie
