Please note you can only withdraw to your own bank accounts in your name. Saxo does not accept withdrawal to accounts not in your name.
In this article you get help with:
- How to withdraw funds
- How to register a new account to use for withdrawals
- How long does it take to process an account withdrawal?
- Corporate clients
How to withdraw funds
To withdraw funds from your Saxo account, please follow the steps below:
- Click on the main menu
> Deposits and Transfers
- Click Withdraw funds
At Saxo, we take precautions to ensure your account is secure. For this reason, we only allow withdrawals to accounts that have been verified to belong to you.
Previously used and verified accounts will appear in the "External account" drop-down menu of your withdrawal module. There are no External accounts in the menu? Read: How to register a new account to use for withdrawals
How to register a new account to use for withdrawals
Please read How to register a new account to use for withdrawals
How long does it take to process an account withdrawal?
Most of the time your local withdrawal request is processed immediately and you shall receive the funds on the same day or next day. Cross-boarder transfer normally takes 1-5 working days. But do note that there could be delays for a number of reasons, for example:
- Incorrect payment details provided (for example, mismatches between the account numbers/names, wrong SWIFT code)
- Full withdrawals may require fee calculations as well as closure and settlement of open positions which may take 1-2 working days
- Unsettled transactions - check the value date (settling date) of the transactions in Trades
- The correspondent banks’ handling time
Corporate clients
The online withdrawal module is not available for Corporate Clients by default. To request it, please fill in the form SaxoGroup_Cash_Module_Form, return it to us through Contact us - Write to us.
Otherwise, please find following a link to the Funds Transfer Request Form required for withdrawing funds: Transfer Request Form
The completed, signed form can be returned to us through Contact us - Write to us.