What should I know about Cash Management?

Which account types can participate in Cash Management?

Both margin and cash accounts are automatically enrolled for Webull's Cash Management.

What is the interest rate for USD?

The interest rate for your uninvested USD in your account is 1%

What is the interest rate for CAD?

The interest rate for your uninvested CAD in your account is 1%

Do I need to opt in to activate Cash Management on my accounts?

No! You're automatically enrolled in our Cash Management program. If you need to opt out for whatever reason, please write into our Help Centre on our app or email support@webull.ca indicating your wish to opt out.

Are the returns from the Cash Management program taxable?

Interest earned from Webull's Cash Management program is considered taxable interest income that will be reflected for your annual tax reporting.

Are there any fees associated with this program?

There are no hidden brokerage fees or costs associated with this high interest credit feature.

Is my money insured?

Yes, your securities and cash are insured up to certain limits. Webull Securities (Canada) Ltd. is a member of CIPF.

For more information, please consult their website: https://www.cipf.ca.

When will I receive my interest payment?

Interest is paid once a month and is added to your account within the first 10 business days of the month for the previous month's accumulated value.

What cash is eligible for this Cash Management feature?

Settled cash balances are eligible for these interest payments.

Are there any minimums associated with this program?

No. There are no minimum cash balances required to earn returns on your idle funds.

Am I able to withdraw or trade whenever I want?

Your fully settled cash balance funds are always accessible for investing or withdrawals. Your funds are not restricted to any fixed income illiquidity as a result of the high interest credit benefits.