How To Withdraw Money Out of Wells Fargo Brokerage Account (2024)

How to Withdraw Your Money from WellsTrade

If you need to take cash out of a WellsTrade or Wells Fargo Advisors account, you’re in the right place. Just follow this simple guide, and you’ll be able to transfer money to an external or internal bank account without any issues.

Withdrawing by ACH

The first option for withdrawing cash is through the Automated Clearing House (ACH). This fully electronic system is easy to use, although the withdrawal may not appear in the receiving bank account until the next business day at the earliest.

The first step to make an ACH withdrawal is to link a checking or savings account to your investment account. If you have a deposit account with Wells Fargo Bank, it will automatically be connected, so you can skip this step. If you want to use an external deposit account at another financial institution, you’ll need to log into the Wells Fargo site and set up the connection. Under the Transfer & Pay tab, select the link to transfer money. On the next page, you’ll see a link at the top to add non-Wells Fargo accounts. You’ll need to provide the account and routing numbers for the external bank account.

Once the account is linked, you can use it to receive a transfer from your WellsTrade or Wells Fargo account.

To make a withdrawal after linking a savings or checking account, go back to the Transfer & Pay tab at the top of the site and select the Transfer Money link in the drop-down menu. This is the ACH transfer form. This time, you’ll want to skip the link to add an account and fill in the transfer details instead:





From: Select the Wells Fargo account to withdraw from (choose ‘Brokerage cash’ to move money out of a WellsTrade account)

To: Select the receiving account (besides the linked bank account, you can transfer cash to a Wells Fargo credit card)

Frequency: For a bank account, choose the frequency (once, weekly, every two weeks, twice a month, or monthly). For a credit-card transfer, the only option is once.

Send on: You can schedule a withdrawal for a future date.

Amount: Enter the amount you want to transfer (daily limit is $25,000).

Delivery: Choose between next business day or 2 business days.

Once everything is filled out correctly, review the details. If everything looks good, submit the ACH request.

Withdrawing by Wire

To withdraw money by wire, return to the Transfer & Pay tab at the top of the website and select the link to wire money. Follow the on-screen prompts to specify the receiving bank’s location (many countries are available) and its routing number or SWIFT code, along with the account number. You can specify a Wells Fargo Bank account if you wish. Enter the transfer amount and review the details. If everything is correct, submit the wire request.

Wells Fargo has a daily limit of $25,000 for wire withdrawals, with a 30-day rolling limit of $75,000.

Best Brokers

Using the Mobile App

You can also use the Wells Fargo mobile app to initiate a withdrawal by ACH or wire. Look for the Pay & Transfer icon in the bottom menu. On the Pay & Transfer page, you’ll find icons for Transfer (for ACH) and Wire Money. The transfer form is the same in both cases.

Cost of Withdrawing

Wells Fargo does not charge for ACH withdrawals from any account. A wire withdrawal submitted through the website or mobile app is also free. However, using a representative over the phone or at a branch to complete a wire request costs $30 (or $40 for an international wire).

Find a Financial Advisor

If you are looking for a professional money management service in your area, you can find a Financial Advisor on the Wiser Advisor.

Try Wiser Advisor