Withdraw money from your account

Follow

If you want to withdraw money from your account, you can do so by choosing one of the following methods: paper check, ACH, wire, SWIFT and TED.

  

1. Paper check

How to withdraw

If you want to withdraw money by paper check, please contact us at support@passfolioapp.com for further information.

Fees

There is a US$3.00 fee that is paid by the user at the time the withdrawal is solicited.

 

Withdrawal minimum

There are no withdrawal minimums, you can withdraw as much as you want from your account. Please make sure you have sufficient funds for the fee in your account by the time you request a withdrawal, otherwise it will not be completed.

 

Holding period

If you first made a deposit by Paper check and now want to withdraw, please be aware that the funds must remain in your account for a minimum of thirty (30) days before the funds clear for withdrawal. Other restrictions may apply if fraud or other potential anti-money laundering concerns are raised.

 

2. ACH

How to withdraw

To withdraw money from your account:

  1. Go to your Account page in the bottom right corner of your app;
  2. Tap Withdrawal; 
  3. Specify the amount you want to withdraw and press Continue;
  4. Check if the value and bank account information are correct then tap Slide to Submit.

 

Fees

There is a US$0.25 fee that is paid by the user at the time the withdrawal is solicited.

 

Withdrawal minimum

There are no withdrawal minimums, you can withdraw as much as you want from your account. Please make sure you have sufficient funds for the fee in your account by the time you request a withdrawal, otherwise it will not be completed.

 

Holding period

If you first made a deposit by ACH and now want to withdraw, please be aware that the funds must remain in your account for a minimum of thirty (30) days before the funds clear for withdrawal. Other restrictions may apply if fraud or other potential anti-money laundering concerns are raised.

 

3. Domestic Wire (USA)

How to withdraw

To withdraw money from your account:

  1. Go to your Account page in the bottom right corner of your app;
  2. Tap Withdrawal; 
  3. Specify the amount you want to withdraw and press Continue;
  4. Check if the value and bank account information are correct then tap Slide to Submit.

Fees

There is a US$25.00 fee that is paid by the user at the time the withdrawal is solicited.

 

Withdrawal minimum

There are no withdrawal minimums, you can withdraw as much as you want from your account. Please make sure you have sufficient funds for the fee in your account by the time you request a withdrawal, otherwise it will not be completed.

 

Holding period

There is no holding period for funds deposited by Domestic Wire.

 

4. International Wire (SWIFT)

How to withdraw

To withdraw money from your account:

  1. Go to your Account page in the bottom right corner of your app;
  2. Tap Withdrawal; 
  3. Specify the amount you want to withdraw and press Continue;
  4. Check if the value and bank account information are correct then tap Slide to Submit.

Fees

There is a US$35.00 fee that is paid by the user at the time the withdrawal is solicited.

 

Withdrawal minimum

There are no withdrawal minimums, you can withdraw as much as you want from your account. Please make sure you have sufficient funds for the fee in your account by the time you request a withdrawal, otherwise it will not be completed.

 

Holding period

There is no holding period for funds deposited by SWIFT.

 

5. TED

How to withdraw

To withdraw money from your account:

  1. Go to your Account page in the bottom right corner of your app;
  2. Tap Withdrawal; 
  3. Specify the amount you want to withdraw and press Continue;
  4. Check if the value and bank account information are correct then tap Slide to Submit.

 

Fees

There’s a 1.2% fee + 0.38% IOF on the currency conversion that is charged at the time you solicit the withdrawal, of which 1% is kept by our payments partner,0.2% by us and the IOF is a federal tax. Additionally, R$2.00 will be deducted from the total amount being withdrawn in your currency as bank fees for the transfer.

 

Withdrawal minimum

The minimum you can withdraw from your account is US$1.00.

  

Holding period

There is no holding period for funds deposited by TED.



0 out of 0 found this helpful

Comments

0 comments

Please sign in to leave a comment.