The Offer
Webull is offering a bonus of up to $18,000 when you transfer your IRA across. To receive the triple your rewards you need to either enter another users IRA referral code OR have somebody use yours (valid once either way).
Deposit $1,000+ and get $5 ($15)
Deposit $6,500+ and get $30 ($90)
Deposit $25,000+ and get $150 ($450)
Deposit $100,000+ and get $600 ($1800)
Deposit $500,000+ and get $3,000 ($9,000)
Deposit $1,000,000+ and get $6,000 ($18,000)
You also get a $75 reimbursement for fees if you transfer $5,000+
The Fine Print
Must transfer funds between 11/17/23 and 12/19/23 11:59PM ET
Must maintain funds until 8/30/24
Rewards issued on 8/30/24
Eligible Customers must maintain the amount of any Deposit Reward or Referral Reward (minus any trading losses) in their Webull Brokerage Account for at least 90 days from the date on which the Deposit Reward or Referral Reward is credited to their Webull Brokerage Account. If an Eligible Customer fails to comply with this requirement, Webull Financial may charge the Eligible Customer’s Webull Brokerage Account the cost of the Deposit Reward or Referral Reward.
Full terms here
Our Verdict
As referral codes are only valid once, we will not be allowing readers to share codes as I suspect this will lead to many people not being eligible for the triple rewards. If you have a spouse or somebody you know that wants to do this bonus it seems like person A opens the account then person B opens an account with person A’s code and then you’ll both get the triple rewards (at least that’s how I understand it).
This seems to be a very attractive bonus and worth doing even though you’d be tying up funds for ~12 months.