At Saxo, we prioritize the security of your account and ensure that only you can initiate withdrawals. To maintain this security, withdrawals are permitted only to accounts that have been verified as belonging to you.
The only way to register a bank account for withdrawal is to make a deposit via a bank/wire transfer from that account.
- The deposit can be of any amount of your choosing unless you are registering a Danish bank account by depositing your money into an Aktiesparekonto. You will then have to comply with the yearly deposit limit. Read more: Aktiesparekontoen - Frequently Asked Questions.
- The bank account has to be in your name. Saxo Bank does not accept third-party payments.
- The bank account must be in your country of residence or in another country approved by Saxo.
- Deposit using Quick payment or credit/debit card funding will NOT register a bank account.
- Please allow three working days for your account details to appear in the external account drop-down menu.
Once you have funded your Saxo account by making a bank transfer from your bank account, that bank account will have been registered for withdrawal.
Do you want to learn how to withdraw funds? Read: How do I withdraw funds?
If you don't have an account registered for withdrawals or you want to add another account:
- Make a deposit using a bank/wire transfer to your Saxo account.
- We verify the incoming payment details and store them for you to withdraw securely. Wait for the notification that the payment has been received (this can take up to 3 business days).
- You can then make withdrawals to the new account. There are no specified limits on how many bank accounts you can register for withdrawal, as long as we can verify that the bank accounts are in your name. However, you will have to justify why you need multiple accounts for withdrawal.
Read also: How to make a bank transfer
Read more: Can I fund my account using a digital bank or payment provider, such as Revolut or Wise?
Problems adding a withdrawal account?
Request help here:
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SaxoTrader: click on the support icon
> Contact us > Write to us > Cash deposits and withdrawals > Deposit query
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SaxoInvestor*: click on the support icon
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SaxoTrader desktop: Click on the support icon