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?
Withdrawals done over the platform will be processed the next business day (T+1) if requested before 14:00 CET and T+2 otherwise.
Value dates can vary for a number of reasons, for example:
- incorrect payment details provided (for example, mismatches between the IBAN and account number)
- full withdrawals may require fee calculations as well as closure and settlement of open positions
- unsettled transactions
- 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.