It is not possible to withdraw money from eToro to the bank account and how to resolve it. eToro is an international stockbroker known for its copy trading feature. In particular, investors on eToro have the right to buy foreign shares to receive dividends and no commission. Therefore, Vietnamese investors like to invest in US stocks on eToro or use eToro’s copy trade feature.
However, new investors are often worried about whether it is convenient to withdraw money from an eToro account? What should I do if I cannot withdraw cash from eToro to my bank account? In this article, we will explore this issue together.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Reasons not to withdraw funds from eToro
Usually, withdrawing money from eToro to a bank account is quite convenient. After making the withdrawal request, eToro will send a confirmation email in about two business days. You will then receive the funds in your account in about 3-5 days and up to 10 business days, depending on the payment method you use.
Withdrawals to your credit card or local bank account can take up to 10 business days to receive your funds. However, if you use international e-wallets (such as PayPal, Neteller, Skrill …) it is usually enough to wait up to 2 working days.
If you have not yet received the money after the above maximum time limit, check if you meet the withdrawal requirements or not? Some of eToro’s withdrawal conditions are as follows:
The minimum withdrawal amount from eToro is $30.
You must have an unused balance in your account. If you have money in your account, but it is assigned to your wallet, you will not be able to withdraw it. eToro should show the amount you can withdraw from your available balance.
Your account must be verified. Your account must be 100% verified. Show a green check mark in the Profile section. If you have not completed this requirement, you will not be able to withdraw your funds.
You can’t withdraw money from eToro to a bank account
Withdraw cash to international e-wallets.
Fptshop.com.vn Why international deposits must be processed at the bank you use. In addition, the bank may have blocked the receipt of money from outside the country …
Therefore, if you cannot withdraw money from eToro to your bank account, you should use payment methods PayPal, Neteller, Skrill… International e-wallets are now open and verified for utilities. In particular, the withdrawal time to international e-wallets is processed faster. You should prioritize this payment method.
Steps to manage when you can’t withdraw money from eToro
1. Check your withdrawal status in your eToro withdrawal account or check at the link https://www.etoro.com/portfolio/history/cashflows.
You can also check your email to see the details of the withdrawal payment method you will receive.
2. If after 10 days you still have not received the funds in your account, you can contact eToro by opening a new ticket on the account dashboard. You may need to prepare a snapshot of your payment method statement that shows your incoming and outgoing transactions, from the moment you make the withdrawal until you contact eToro. Your bank statement must include your full name, transaction date, and details of your payment method.
The steps to open a ticket are as follows:
Step 1: Log in to your account, select [Help]
Step 2: Click [Contact Support]
Step 3: Click the (+) sign for [Open a new ticket].
Then select Query Type [Withdrawal]. For the section I’d like help with, select [Funds not received].
Below it will show how you can check the status of your withdrawal. If you still need help, keep clicking [I still need help].
The information you need to fill in includes:
- Withdrawal ID: You can check here. ID is the number after the # sign next to the date you make the withdrawal.
- Subject: I have not received withdrawals from my eToro account.
- description:
Dear eToro team,
I have withdrawn my money from my eToro account but I have not yet received my money.
My account is:
Amount of money:
Receiving account information:
- Account number:
- bank:
- branch:
I send the bank statement from the date I made the withdrawal to the hour in the attached file.
After submitting the above, you must attach a photo of the bank statement of the receiving account with information about the arrival and departure of funds from the date of withdrawal to the date of submission of the request.
Then eToro will have the staff who will reply to you via email. If you don’t receive the email, check in your support ticket.
Below are instructions on how to contact support when you do not receive the withdrawal from your eToro account to your bank.
Investiki.com
eToro is a multi-asset platform that offers both investments in stocks and cryptoassets, as well as CFD trading.
Please note that CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not indicative of future results. The trading history presented is less than 5 full years and may not be sufficient as a basis for the investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.
Investing in cryptocurrencies is not regulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representations and assumes no responsibility for the accuracy or completeness of the content of this publication, which has been prepared by our partner using specific non-legal information publicly available on eToro.