Offer Period: May 7, 2024 at 12:00 AM EST – May 31, 2024 at 11:59 PM EST.

Offer Eligibility: This promotional offer (the “Offer”) is open only to:

1. Individuals who have a self-directed Traditional or Roth IRA account (each an “IRA Account”) that is offered by Webull Financial LLC (“Webull”) and custodied at UMB Bank, N.A. (each such individual, an “Eligible Customer”).

2. Individuals who have a managed Traditional or Roth IRA account (each an “IRA Account”) that is offered by Webull Advisors, LLC (“Webull”) and custodied at Webull Financial, LLC (each such individual, an “Eligible Customer”).

Offer Requirements: To receive a Deposit Bonus (as defined below), an Eligible Customer must, during the Offer Period, (i) complete one or more Qualifying Deposits to their IRA Account, and (ii) maintain an IRA Account balance equal to or greater than the aggregate amount of all Qualifying Deposits (excluding trading losses) until payment of the final installment of any Deposit Bonus that they are entitled to receive (such final payment date, the “Final Deposit Bonus Payment Date”).

“Qualifying Deposit” means a deposit or transfer by an Eligible Customer to their IRA Account of any amount of funds or assets up to $1 Million held by the Eligible Customer at an institution other than Webull or any of its affiliates that settles during the Offer Period. For the avoidance of doubt, if an Eligible Customer withdraws or transfers assets from their Webull Brokerage Account or from any other account that the Eligible Customer holds with Webull or any of its affiliates and deposits or transfers all or any portion of such assets to their IRA Account during the Offer Period, such deposit or transfer will not be deemed a “Qualifying Deposit”.

Deposit Bonus: An Eligible Customer who satisfies the Offer Requirements is eligible to receive a “Deposit Bonus” consisting of a payment to their IRA Account of an amount equal to 3.5% of the aggregate amount of all of the Eligible Customer’s Qualifying Deposits during the Offer Period. Deposit Bonuses will be paid in installments in the amounts and on the dates indicated below.

Deposit Bonus Distribution Dates and Amounts

May 1, 2025    1/5 of total Deposit Bonus amount

May 1, 2026    1/5 of total Deposit Bonus amount

May 1, 2027    1/5 of total Deposit Bonus amount

May 1, 2028    1/5 of total Deposit Bonus amount

May 1, 2029    1/5 of total Deposit Bonus amount

ADDITIONAL NOTES:

1.       Following the end of the Offer Period, additional deposits or transfers of assets by an Eligible Customer to their IRA Account will not increase the amount of the Deposit Bonus that they are entitled to receive.

Example: Eligible Customer makes a Qualifying Deposit of $5,000 to their IRA Account. Subsequently, after the end of the Offer Period, the Eligible Customer deposits an additional $30,000 of Eligible Assets to their IRA Account. The Eligible Customer will only be entitled to receive a Deposit Bonus equal to 3.5% of $5,000.

2.       Withdrawals or transfers of funds from an Eligible Customer’s IRA Account between the end of the Offer Period and the Final Bonus Payment Date will be deemed to reduce the amount of the Eligible Customer’s Qualifying Deposits for purposes of calculating their Deposit Bonus and may reduce the amount of any Deposit Bonus the Eligible Customer is entitled to receive.

Example: Eligible Customer makes a Qualifying Deposit of $12,000 to their IRA Account. Subsequently, before the Final Bonus Payment Date, the Eligible Customer transfers $6,000 from their IRA Account to a retirement account with a different institution, so that their IRA Account contains $6,000 of Eligible Assets as of the Final Bonus Payment Date. Eligible Customer will only be entitled to receive a Deposit Bonus equal to 3.5% of $6,000.

3.       In the event that the amount of any Deposit Bonus to which an Eligible Customer is entitled is reduced as a result of withdrawals or transfers of funds from the Eligible Customer’s IRA Account between the end of the Offer Period and the Final Bonus Payment Date, (i) Webull will not be obligated to make any further payments in respect of the Deposit Bonus in excess of the amount to which the Eligible Customer is entitled following the reduction, and (ii) Webull may, in its sole discretion, rescind the excess amount of any Deposit Bonus made to such Eligible Customer by debiting their IRA Account.

4.       Eligible Customers must maintain the amount of any Deposit Bonus payment (minus any trading losses) in their IRA Account for at least 90 days from the date on which such Deposit Bonus payment is credited to their IRA Account. If an Eligible Customer fails to comply with this requirement, Webull may, in its sole discretion, debit the Eligible Customer’s IRA Account in the amount of such payment.

Limitations:

Limit one Deposit Bonus per Eligible Customer. For the avoidance of doubt, no Eligible Customer may earn multiple Deposit Bonuses in connection with multiple IRA Accounts.

Webull reserves the right, in its sole discretion, to declare an Eligible Customer ineligible to earn a Deposit Bonus, or to decline to grant an accrued Deposit Bonus to an Eligible Customer for any reason or for no reason, including without limitation (1) for such Eligible Customer’s failure to satisfy any Offer requirements or any violation of the terms and conditions of the Offer, (2) for any actual or suspected fraudulent, deceptive, or abusive activity in connection with any of the platforms or services offered by Webull or any of its direct or indirect owners, its affiliates, and/or its subsidiaries, (3) in connection with any attempt to undermine the legitimate operation of the Offer by cheating, hacking, deception, or other unfair or improper conduct, or (4) for violation by such Eligible Customer of the terms of any agreement to which it is a party with Webull or any direct or indirect owner, any affiliate, or any subsidiary of Webull.

Webull reserves the right to change the terms and conditions of this Offer or terminate the Offer at any time without notice. Without limiting the foregoing, if for any reason the Offer is not capable of running as planned including without limitation by reason of any interruption of service, tampering, unauthorized intervention, labor dispute, fraud, or any other cause beyond the control of Webull, which, in the sole opinion of Webull, corrupts or affects the administration, security, fairness, integrity or proper conduct of the Offer, then Webull may, in its sole discretion, elect to cancel, terminate, modify or suspend the Offer.

Webull may, in its sole discretion, elect to not pay or to rescind payment of all or any portion of a Deposit Bonus if all or any portion of any Qualifying Deposit by the applicable Eligible Customer does not settle, is reversed, or is otherwise determined to be improper or invalid.

The Offer is not transferable or saleable and is available only to legal residents of the United States that are at least 18 years of age. This Offer is not valid alongside any other promotions offered by Webull relating to IRA Accounts. Employees, contractors, or persons similarly associated with Webull or its direct or indirect owners, its affiliates, and/or its subsidiaries; members of their household; referral partners; key opinion leaders and/or influencers; registered representatives of broker-dealers; employees of any securities regulatory organization or exchange; and/or employees of any market maker are not eligible to participate in the Offer or to earn a Deposit Bonus. The Offer is only available for personal use and may not be used for commercial purposes. Other restrictions may apply. Void where prohibited.
   

No substitution, cash redemption, assignment or transfer of a Deposit Bonus is permitted, except by Webull, which reserves the right in its sole discretion to substitute a Deposit Bonus with another prize of equal or greater value. Webull processes and treats the Deposit Bonus as interest earned by the applicable Eligible Customer’s IRA Account, based on a percentage of contributions made by the Eligible Customer to their IRA Account, for tax reporting purposes. Interest earned by the IRA Account will not contribute to or be limited by the annual contribution limit or deductible amount applicable to the IRA Account. Notwithstanding the foregoing, Eligible Customers should not that the Deposit Bonus may be deemed taxable income under certain circumstances, including without limitation for conversions of a non-deductible IRA contribution to a Roth IRA. Webull does not provide tax advice. Eligible Customers should consult with a tax professional regarding appropriate tax treatment and reporting related to the Deposit Bonus before participating in this Offer. All federal, state, and local taxes, if any, related to a Deposit Bonus are the responsibility of the recipient. Neither Webull nor any of its direct or indirect owners, its affiliates, or its subsidiaries, is responsible for any taxes related to this Offer or any Deposit Bonus.

Receipt of a Deposit Bonus does not constitute a solicitation, a recommendation to buy, sell, or hold any asset, or investment advice. This Offer is not sponsored by, endorsed by, or affiliated in any way with any third party.

ACH Transfers: customers who fund their IRA Account with an ACH transfer are responsible for having enough cash in their initiating bank account to cover the transaction. Neither Webull nor any of its direct or indirect owners, its affiliates, or its subsidiaries, takes any responsibility for any charges that any customer may experience in connection with any ACH Transfer, including without limitation for any charges due to insufficient funds or ACH reversals.

Release: BY PARTICIPATING IN THE OFFER, YOU RELEASE, DISCHARGE, AND AGREE TO INDEMNIFY AND HOLD HARMLESS WEBULL, ITS DIRECT AND INDIRECT OWNER(S), AFFILIATE(S), AND/OR SUBSIDIARIES, AND ALL OF THEIR RESPECTIVE DIRECTORS, OFFICERS, PARTNERS, EMPLOYEES, MEMBERS, MANAGERS, AGENTS, LICENSEES, CONTRACTORS, REPRESENTATIVES, SUCCESSORS, AND ASSIGNS (COLLECTIVELY, THE “RELEASED PARTIES”) FROM AND AGAINST ANY LIABILITY FOR ANY DAMAGES, INJURY OR LOSSES, TO ANY PERSON OR PROPERTY, OF ANY KIND RESULTING IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, FROM ACCEPTANCE, POSSESSION, MISUSE OR USE OF ANY DEPOSIT BONUS, OR PARTICIPATION IN THE OFFER. You agree that the Released Parties are not responsible for the occurrence of any event or condition which may, directly or indirectly, limit or prevent you from participating in the Offer or from earning or receiving a Deposit Bonus, including without limitation any technological issues; interruptions of service for any reason; technical, mechanical, printing, typographical, or other errors; or any other errors, omissions, interruptions, deletions, defects, delays in operation or transmission, communications line failures, technical errors, theft, cyber-attacks, or unauthorized account access.