Investing sometimes requires transferring funds into or out of an account, and as an investor on eToro, you need to know how to move your money. How do you transfer funds from your eToro account? You can get more information on managing your account by contacting eToro investor support, and below are steps to moving money out of your account.
Transferring funds, also referred to as withdrawing funds, from your eToro account involves a two-step process outlined below.
The first step is moving the money out of the investment section of your portfolio.
After the first phase is complete, you are ready to transfer the funds from your investment account to your bank account.
Most transfers from eToro to your bank account happen immediately; however, some transfers can take up to 2 hours to complete. Investors need to be aware that withdrawals are subject to a $5 fee for each withdrawal, and withdrawals in currency other than U.S. dollars can be subject to a conversion fee. You can also opt to withdraw funds to your credit/debit card, bank account or another payment method without placing funds into your eToro money account; however, this process can take anywhere from 2 to 10 business days to complete. Withdrawals may also be subject to taxes.
Moving money out of your account is a quick, easy process. For more information or assistance, contact eToro investor support.
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