Once you have made a profit on Etoro, all you need to do is withdraw money to your account. This is a pretty effective money-keeping trick used by successful investors. It is to avoid losing money on ineligible trades. And above all, it is to prepare for future reinvestment.
In this article, I will guide how to withdraw money from Etoro to a bank account.
Video on how to withdraw money from Etoro to domestic bank accounts
How to withdraw money from an Etoro account to online banking in 5 steps
Step 1: Log into your Etoro account
Step 2: Select “Withdraw Funds”
Step 3: Select the amount to withdraw
Enter the amount you want to withdraw (the minimum amount is $50 and the maximum is the un-invested balance in your account), and click “Submit”.
At this point, Etoro will pop up a number of warnings such as missing out on investment opportunities or ineligibility for benefits from your club. If there is no problem affecting your withdrawal, just click “Continue”.
Or the platform will introduce you to another investment method which is better than withdrawing money from your account. Just keep clicking“Continue”.
Finally, the platform will ask you why you want to withdraw your money. This step is not very important. It is only for reference. You can choose one of the first two options. Then, click “Continue”.
Step 4: Fill in withdrawal information
Choose a withdrawal method: Local online banking.
Then, fill in the information that Etoro requires.
(1) Full name.
(2) Account number.
(3) Name of the bank.
(4) Bank branches.
Leave a comment (if desired).
Finally, click “Submit” to complete the withdrawal operation. The actual amount which you will receive is $45 after deducting the withdrawal fee of $5 per transaction.
Step 5: Check if your request has been processed by Etoro.
Go back to the main interface of Etoro and select “Withdraw Funds”. Then, click on “Click Here” to check the status of your request.
The pending withdrawal order may take 1-2 days for the funds to be available in the requested bank account.
Things to note when withdrawing money from an Etoro account to online banking
– The name of the bank account holder must match the full name of the Etoro account holder.
– Please deposit and withdraw money with the same bank account. This is Etoro’s policies to ensure the safety of deposits in your Etoro account.
– After completing the above steps, you will receive a confirmation email from the system to ensure that you actually have requested to withdraw money from your account. You just need to click and confirm.
– Normally, Etoro will approve your withdrawal request within 1-2 days.
Above are detailed instructions on withdrawing money from an Etoro account to your online banking. Hopefully, with the variety of payment methods provided by Etoro, you will not have any difficulty in depositing/withdrawing money.