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Webull Transfer-in Promotion: Earn up to S$3,000 worth of Tesla shares

08 Feb 2024

Earn up to S$3,000 worth of Tesla (TSLA) shares when you make a transfer from an outside broker to your Webull account with the Webull transfer-in promotion.

webull transfer in promotion

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Summary of Webull Transfer-in Promotion

What’s the Webull Transfer-in promotion?

  • Make a transfer of at least US$5,000 worth of shares from an outside broker to your Webull account and maintain it over the holding period to earn up to S$1,000 worth of Tesla (TSLA) shares.
  • Make a transfer of at least US$25,000 from an outside broker to your Webull account and maintain it over the holding period to earn up to S$3,000 worth of Tesla (TSLA) shares.
  • In addition, receive a cash voucher of up to S$200 to cover your transfer-out fees.

What are the eligibility requirements?

  • This promotion is only applicable to users who have not previously transferred-in any stocks from an outside broker to Webull.
  • This promotion is valid till 29 February 2024.

What is the Webull Transfer-in Promotion?

webull transfer in promo rewards
Source: Webull

Transfer your shares from an outside broker into Webull and receive up to S$3,000 worth of Tesla (TSLA) shares. 

  • If you transfer at least US$5,000 worth of shares and hold for 90 days, you will receive S$100 worth of TSLA shares  
  • If you transfer at least US$5,000 worth of shares and hold for 180 days, you will receive another S$200 worth of TSLA shares  
  • If you transfer at least US$5,000 worth of shares and hold for 270 days, you will receive another S$300 worth of TSLA shares  
  • If you transfer at least US$5,000 worth of shares and hold for 360 days, you will receive another S$400 worth of TSLA shares  

This means that if you transfer-in more than US$5,000 worth of shares and hold for 360 days, you can receive S$1,000 worth of TSLA shares.

  • If you transfer at least US$25,000 worth of shares and hold for 90 days, you will receive S$300 worth of TSLA shares  
  • If you transfer at least US$25,000 worth of shares and hold for 180 days, you will receive another S$600 worth of TSLA shares  
  • If you transfer at least US$25,000 worth of shares and hold for 270 days, you will receive another S$900 worth of TSLA shares  
  • If you transfer at least US$25,000 worth of shares and hold for 360 days, you will receive another S$1,200 worth of TSLA shares  

This means that if you transfer in more than US$25,000 worth of shares and hold for 360 days, you can receive S$3,000 worth of TSLA shares.

In addition, receive a cash voucher of up to S$200 to cover your transfer-out fees.

webull transfer in promo reward details
Source: Webull

Step-by-step guide to Webull Transfer-in Promo

Step 1: Tap on the “Participate Now” button on the Campaign landing page in the Webull App

webull transfer in promo page
Source: Webull

Step 2: Fill in the Shares Transfer-In Request Form on the Webull App
 

webull transfer in promo guide
Source: Webull

 

Step 3: Make an initial transfer-in of US stocks (“First Transfer-In”) worth at least US$5,000 from an outside broker to your account.

You would need to provide your outside broker with the following details to initiate a transfer out request:

  • Organisation Name: Webull Securities (Singapore) Pte. Ltd
  • Contact Person: Operations Team
  • Email: sharetransfer@webull-sg.com
  • Your custody account number with Webull (starts with CSG or CIS)
  • DTC Participant Code: 0158

Step 4: Submit a statement of proof including the details of the transfer-out fee charged by the other brokers to Webull App (Share Transfer Fee Subsidy), and claim your cash voucher within 30 calendar days. ​

The value of the cash voucher equals the transfer-out fee charged by the other broker shown in the statement of your account of the other broker. The cash voucher value is capped at SGD200.

Step 5: Maintain your daily Net Cumulative Deposit for a period of at least 90 days to earn TSLA shares. 

You are entitled to receive a maximum of 4 batches of TSLA shares, and your eligibility for the rewards will be determined after every 90 days.

Find the terms and conditions here. 

webull transfer in promo reward details
Source: Webull

What else do I need to know about the Webull Transfer-in Promotion?

Webull transfer in promotion stackable with welcome rewards

The Webull Transfer-in promo is stackable with the Webull welcome rewards promo. 

This means that in addition to this promotion, you can also earn welcome rewards of up to US$2,500 in Tesla (TSLA) shares. 

  • Get S$100 in Tesla (TSLA) shares when you sign up for a Webull account, fund a minimum of S$2,000 and maintain until 31 March 2024.
  • Get S$2,500 in Tesla (TSLA) shares when you sign up for a Webull account, fund a minimum of S$100,000 and maintain until 31 January 2025. 
  • Also, receive a S$20 NTUC FairPrice or Grab voucher from Beansprout in addition to the Webull welcome gift when you sign up for a Webull account via Beansprout and fund any amount by 29th February 2024.

The promotion will end on 29th February 2024 3.59pm Singapore Time, so read on to find out below how you can qualify for this promotion.

webull transfer in promo
Source: Webull

What kind of products are supported for the transfer-in promotion?

Only stock and exchange-traded funds (ETFs) listed on US Exchanges are supported.

The following products are not supported for Shares Transfer-In from another brokerage:

  • Cash (Monies)
  • OTC Symbols
  • Options Position
  • Stocks and ETFs listed out of the US (E.g. HK Market Shares)
  • Fractional Shares in the US Market

Recap on Webull transfer-in promotion

As a recap, here's how you can earn rewards when you transfer in your shares into Webull:

  • Make a transfer of at least US$5,000 worth of shares from an outside broker to your Webull account and maintain it over the holding period to earn up to S$1,000 worth of Tesla (TSLA) shares 
  • Make a transfer of at least US$25,000 from an outside broker to your Webull account and maintain it over the holding period to earn up to S$3,000 worth of Tesla (TSLA) shares 
  • In addition, receive a cash voucher of up to S$200 to cover your transfer-out fees.

If you do not have a Webull account, you can register for a new Webull account via Beansprout by with this exclusive link

The promotion is valid until 29th February 2024 15:59 SGT. T&Cs apply.

Don't miss out on the best promos

Interested in the best promos this month? Check out other deals happening right now

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

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