Webull Moneybull Promo: Earn US$100 to US$2,000 of cash voucher

Summary of Webull Moneybull Promo 

• What's the deal: 
  • Earn up to US$100 cash voucher when you make a net cumulative deposit of US$3,000 to US$19,999 and activate the Moneybull feature  
  • Earn up to US$750 cash voucher when you make a net cumulative deposit of US$20,000 to US$99,999 and activate the Moneybull feature 
  • Earn up to US$2,000 cash voucher when you make a net cumulative deposit of US$100,000 or more and activate the Moneybull feature  
  • The Moneybull promo is stackable with the Webull welcome rewards promo. 

• Eligibility requirements: 
  • You will need to maintain a net cumulative deposit of US$3,000 or more in your account for a holding period till 23:59 on 29th February 2024.
  • You will need to activate the Webull Moneybull feature by 30th November 2023 to earn additional rewards.
• What's important to note: By making a deposit into Webull Moneybull, you will be making a purchase of an investment product. All investments carry risks.
• Promo dates: The promotion will run till 15:59 SGT on 30th November 2023 

What’s the deal with Webull Moneybull Promo?

Webull is running a promotion where you will earn cash vouchers of up to US$100 to US$2,000 when you deposit at least US$3,000 and activate Moneybull.

• Earn up to US$100 cash voucher when you make a net cumulative deposit of US$3,000 to US$19,999 and activate the Moneybull feature  
• Earn up to US$750 cash voucher when you make a net cumulative deposit of US$20,000 to US$99,999 and activate the Moneybull feature 
• Earn up to US$2,000 cash voucher when you make a net cumulative deposit of US$100,000 or more and activate the Moneybull feature  

Moneybull is Webull's cash management account that aims to help you earn a higher potential return on your idle cash compared to savings account by investing in money market funds. Read our review of Webull Moneybull here.

As of 13 October 2023, the underlying USD Cash Fund in the Webull Moneybull generated a 7-day annualised yield of 5.4% p.a. 

However, do note that returns are not guaranteed and historical returns are not indicative of future performance.  

What are the eligibility requirements for Webull Moneybull Promo?

There are 3 steps required to get your Moneybull reward:

• Step 1: Tap on "Participate Now" and complete and initial funding of any amount by 16 November.
• Step 2: Accumulate your deposits to US$3,000 or more between 16th November 2023 16:00 SGT to 30th November 2023 15:59 SGT and maintain a net cumulative deposit of US$3,000 until 29th February 2024.
• Step 3: Activate Moneybull in your Webull App by 30th November 2023 15:59 SGT to get additional rewards.

There are two rewards you need to be aware of - Reward A and Reward B

Reward A - Upon completing Step 1 and Step 2

To qualify for Reward A, you would need to tap on the "Participate Now" button on the campaign landing page by 15:59 SGT on 30th November 2023.

You must also accumulate at least US$3,000 of deposits between 16th November and 30th November 15:59 SGT.

Thereafter, you will need to maintain a net cumulative deposit of US$3,000 or more in your  account for a holding period till 23:59 on 29th February 2024.

The net cumulative deposit in your account at 23:59 on 29th February 2024 will determine which tier of campaign reward you can receive. 

The net cumulative deposit is calculated based on the accumulated deposit amount between 16:00 on 16 October 2023 to 15:59 on 30th November minus the accumulated withdrawal amount between 16:00 on 17th October to 23:59 on 29th February 2024.

Capital gains and losses are excluded from the calculation of net cumulative deposit. 

Reward B - Upon completing Step 3

After fulfilling all the conditions above, you will need to meet the following requirements to receive Reward B. 

Activate the Moneybull feature by 30/11/2023 15:59 SGT via the Webull App.

Convert the account into a margin account via the Webull App if you are currently holding a cash account by 30/11/2023 15:59 SGT

The cash vouchers will be automatically added to your account by 5th March 2024 if all the necessary conditions are met. 

You will only receive a maximum of 1 reward from Reward A and 1 reward from Reward B from the Webull Moneybull promo. 

The full terms and conditions can be found here. 

What else do I need to know about the Webull Moneybull Promo?

#1 - Investment returns are not guaranteed

By making a deposit into Webull Moneybull, you will be making an investment into a money market fund. 

Do note that returns are not guaranteed and historical returns are not indicative of future performance.  

Also, by investing in Moneybull USD, you will be subject to foreign currency risks. This means that your deposits may be worth less in Singapore dollars should the US dollar weaken against the Singapore dollar during this period. However, this may be less of a concern if you already have spare US dollar awaiting investment opportunities. 

You can learn more about cash management accounts and money market funds here.

#2 - Moneybull promo stackable with welcome rewards

The Webull Moneybull promo is stackable with the Webull welcome rewards promo. 

This means that by making a deposit into Webull Moneybull, you can earn the cash vouchers of up to US$2,000 in addition to the welcome rewards of up to US$5,000 of free shares. 

• Register for a Webull account with this exclusive Beansprout link.
• Fund any amount to receive 5 free shares worth US$50 to US$2,500
• Maintain your funding for 30 days to receive another 5 free shares worth US$50 to US$2,500

Beansprout Exclusive: Earn an additional S$20 NTUC FairPrice voucher when you sign up through our site.

You can learn more about the Webull welcome rewards here. 

Can I choose between activating Moneybull USD or Moneybull SGD?

To complete step 3, you can activate Moneybull USD and/or Moneybull SGD. 

There are no campaign requirements regarding the retained amount for your Moneybull subscription. ​

How do I sign up for the Webull Moneybull promo? 

1. Sign up for a Webull brokerage account via this link

2. After you have signed up for a Webull account, tap on the "Participate Now" button on the Campaign landing page in the Webull App.

3. Activate the Moneybull feature within the Webull App. You will need to switch from a Cash account to a Margin account to activate Moneybull, and this process might take up to 2 days.

4. Successfully make a new funding of at least US$3,000

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Have a question about the Webull Moneybull promo? Ask away at the Beansprout Telegram Group