Deposit and Withdrawal

When you request to open a savings account with a partner bank, Webull sends this request to Bondsmith, who perform the due diligence the bank needs (unless they have already done this). Once a day Webull sends all the deposits to Bondsmith who relay them to the individual banks. Withdrawal requests are sent to Bondsmith, and the funds received back in your Webull account within a day of the notice period ending, under normal circumstances.