How To Transfer From Webull To SoFi 2024

Looking to switch your brokerage account to SoFi?

Regardless of why you might be looking to switch, it's easy to get confused about how to move your portfolio from one place to another.

Today, we're going to show you how to transfer your stocks from Webull to SoFi, step by step.

Check out my video on how to transfer your brokerage account below, let's dive in!

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Here's what you need to know:

• Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
• All Robinhood investors will get a 1% Match on what they Contribute or Transfer
• Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth Up To $200	Learn More
	Earn Up To 40 Free Fractional Shares	Learn More
	5 Free Stocks When You Deposit $100+	Learn More
	$20 Bonus When You Invest $5+	Learn More

1. Sign Up For SoFi

SoFi accounts are pretty quick to set up, and aren't too different from any other mobile banking sign up experience.

You'll have to give them your information, including your social security number, and then verify your information.

2. Locate Your Webull Account Info

You will need to safely copy the following details:

• Type of Brokerage Account (Personal/Individual/Taxable, Roth IRA, traditional IRA, etc)
• Your Webull Account Number

With ACATs transfers, if the names and account types in each brokerage don't match, your transfer could be delayed or even cancelled, which nobody wants.

Here's how to find everything inside Webull:

1. Click on your profile icon in the top right corner.
2. Click "Help Center."
3. Scroll down to see your account number and account type.

3. Transfer Into SoFi

Now that your Webull account info is on hand, and your SoFi invest account is all set up, and both account types match, we can initiate your ACATs transfer.

How to Initiate Your ACATs Transfer:

1. Log into SoFi and select "Invest."
2. Choose "Transfer Account" in the app, or "Begin Transfer" on the dashboard.
3. Search for Webull among the brokerages, and select it.
4. Continue your transfer inside of the safe third-party security company Plaid.
5. Sign into your Webull account inside of Plaid.
6. Follow the remaining prompts to finalize the transfer.

This transfer can take up to 1-2 weeks to process.

Transfer Fee

Transferring out of Webull will cost you $75. However, if your transfer amount is at least $5,000, SoFi will reimburse you back for the fee.

Simply reach out to the support team within the app to request a reimbursement.