“Bank of origin” problem – Webull: Investing & Trading Review

I initially funded my account with Simple Banking. Then Simple transitioned to BBVA. I had already abandoned that account and replaced it with Varo in webull as well as successfully funded webull using Varo. So I just let that Simple account go via inaction by not starting the steps to transition to BBVA. Since funding through Varo worked I figured the replacement was successful and I figured all was well. But then many months later I attempt to withdraw my profit…. And all of a sudden I need to provide all info from the account aka “Bank Of Origin” I already replaced in order to withdraw to the current registered account. Why not have me provide that info when I change the bank account registered with webull in the first place? Why wait till I try to withdraw? I no longer have access to the info webull wants from my Simple account. I did however have access to that info when I switched accounts. This policy of wait-till-they-try-to-withdraw-money before asking for final verification is kinda scammy at best. Looks like they are trying to keep liquidity within the app for as long as possible. They have lost my trust as I don’t see how this issue could possibly be an oversight.
Review by thgth guy hvhfyuhh on Webull: Investing & Trading.

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