How do I 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.

How to register a new account to use for withdrawals

You have two ways to add a new account:

1. Fund from a bank account in your own name

We verify the incoming payment details and store them for you to withdraw to securely. Verified account details will always appear in the drop down menu of your withdrawal module.

To verify your account via funding, please fund your account using your Saxo account details found here How do I fund my account?

Please note that only bank transfers will be automatically stored. A payment via card will not qualify the account to be registered.

2. Create a case through the trading platform

• SaxoTraderGO:   Click Account > Other > Contact support > Select option: Add new bank account number for withdrawals
• SaxoTraderPRO: Click Menu > Contact support > Select option: Add new bank account number for withdrawals

1. Fill the form providing:
   
   

   Field	Comment
   Currency
   Beneficiary IBAN	Mandatory in case of international payments to countries that have adopted IBAN
   Beneficiary Bank BIC	Also known as SWIFT/BIC or just SWIFT
   Beneficiary Account number	Not necessary if IBAN has been provided
   Clearing code	Not necessary if IBAN has been provided

   
   
   
2. Attach a bank statement as proof of account ownership.  The document should contain your name and account details, and should be clearly legible. 
3. You can follow up on the ticket status from the same 'Contact support' module under 'My tickets'.

Once verified, the new account details will appear in the "External account" drop down menu. We aim to process your request for new account validation within 24h. Note, you only need to submit your request once per account.

This short video shows how to submit a request to add a new account for withdrawals:

Corporate clients

Corporate Clients: 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 either via e-mail to PaymentServices@saxobank.com or through a case.