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Webull vs Public: fees and fine print
Full transfer-out: Webull $75 vs Public $100; reverse split/mandatory reorg: Webull $0 vs Public $50, per each broker's official pages (checked Oct 30, 2026).
Last updated · 9 official sources (listed below)
The costs that don't show up in "$0 commissions": leaving, reverse splits, tender offers, and what idle cash earns. Every cell links to the broker's own page.
Where they differ
- Full ACATS transfer-out fee: Webull $75 vs Public $100
- Partial transfer-out fee: Webull $75 vs Public $100
- Reverse split / mandatory reorg fee: Webull $0 vs Public $50
- Fractional shares after a reverse split: Webull Depends on issuer vs Public Not published
- Fractional share trading: Webull Yes ($1 min) vs Public Yes ($5 min)
- Rate on uninvested cash: Webull Not published vs Public 3.30% APY
| Fact | Webull | Public |
|---|---|---|
| Full ACATS transfer-out fee | $75 source · Oct 30, 2026 | $100 source · Oct 30, 2026 |
| Partial transfer-out fee | $75 Charged per outgoing stock transfer, full or partial. source · Oct 30, 2026 | $100 Schedule doesn't split full vs partial. source · Oct 30, 2026 |
| Reverse split / mandatory reorg fee | $0 Stated on Webull's corporate-actions help page (splits, reverse splits, mergers). source · Oct 30, 2026 | $50 Plus a $0.99 'reverse split trading expedited processing' fee per sell order if you buy before a reverse split and sell within 90 days after it. source · Oct 30, 2026 |
| Fractional shares after a reverse split | Depends on issuer Cash-in-lieu (typically 2-3 weeks after the split), rounded up to a full share, or rounded down to zero. Since Dec 2, 2024 round-up shares are only allocated once the issuer delivers them. source · Oct 30, 2026 | Not published |
| Voluntary reorg / odd-lot tender fee | $50 source · Oct 30, 2026 | $50 Tender offer / reorg processing (domestic) is also $50. source · Oct 30, 2026 |
| DRIP (auto dividend reinvestment) | Yes Dividend must be more than $1; leveraged ETFs such as TQQQ are excluded. source · Oct 30, 2026 | Yes Unsellable fractions from dividends are sold for you at no cost. source · Oct 30, 2026 |
| Fractional share trading | Yes ($1 min) source · Oct 30, 2026 | Yes ($5 min) $1 minimum inside an Investment Plan; not every security is eligible. source · Oct 30, 2026 |
| Rate on uninvested cash | Not published | 3.30% APY High-Yield Cash Account (a separate brokerage account). 3.75% with the paid Public Reserve subscription. source · Oct 30, 2026 |
Full pages: Webull fees · Public fees · Webull cash rate · Public cash rate
Questions
Is it cheaper to leave Webull or Public?
Full transfer-out: Webull $75, Public $100 (official fee schedules).
Sources
- https://public.com/disclosures/fee-schedule
- https://public.com/disclosures/public-dividend-reinvestment-information
- https://public.com/disclosures/public-fractional-shares-disclosure
- https://public.com/high-yield-cash-account
- https://www.webull.com/fractional-shares
- https://www.webull.com/help/faq/10845-Participation-in-Voluntary-Corporate-Actions
- https://www.webull.com/help/faq/11130-Dividend-Reinvestment-Program-DRIP
- https://www.webull.com/help/faq/431-Corporate-Actions-Introduction
- https://www.webull.com/pricing
Each source was read on or before Oct 30, 2026. Fees and rates change; confirm on the broker's site before acting.