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Available methods of withdrawal

TED withdrawals

Fees

There’s a 1.2% fee + 0.38% IOF on the currency conversion that is charged at the time you solicit the withdrawal, of which 1% is kept by our payments partner, 0.2% by us and the IOF is a federal tax. Additionally, R$2.00 will be deducted from the total amount being withdrawn in your currency as bank fees for the transfer.


Withdrawal minimum

The minimum you can withdraw from your account is US$5.00.


Holding period

There is no holding period for funds deposited by TED.



Nigeria Bank Transfer

Fees

There’s a 0.2% + 55 NGN fee based on the foreign exchange rate charged by Passfolio at the time you request the withdrawal.

Withdrawal minimum

The minimum you can withdraw from your account is US$1.00.



Holding period

There is no holding period for funds deposited by bank transfer in Nigeria.




ACH withdrawals (USA only)

Fees

There is a US$0.25 fee that is paid by the user at the time the withdrawal is solicited.


Holding period

If you first made a deposit by ACH and now want to withdraw, please be aware that the funds must remain in your account for a minimum of thirty (30) days before the funds clear for withdrawal. Other restrictions may apply if fraud or other potential anti-money laundering concerns are raised.



Domestic Wire withdrawals (USA only)

Fees

There is a US$25.00 fee that is paid by the user at the time the withdrawal is solicited.


Holding period

There is no holding period for funds deposited by Domestic Wire.



International Wire withdrawals (SWIFT)

Fees

There is a US$35.00 fee that is paid by the user at the time the withdrawal is solicited.


Holding period

There is no holding period for funds deposited by SWIFT.


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