So you bought into the eToro craze and deposited some money into your account. You completed some trades, and now you want to take your money out. However, you are not sure how to do it. In this article, we will show you step-by-step how to withdraw money from your eToro account.
The most popular way to withdraw money from eToro is to transfer the funds to your bank account. This process is pretty straightforward and can be done in a few clicks. Just follow these steps:
Log into your eToro account and click on the "Portfolio" tab.
Find the asset you want to withdraw money from and click on the "Withdraw" button.
Enter the amount of money you want to withdraw and select your bank account from the drop-down menu.
Click on the "Withdraw" button to confirm the transaction.
eToro will send you an email to confirm the withdrawal. Just click on the "Confirm" button in the email, and your money will be transferred to your bank account within three to five business days.
Keep in mind that there is a withdrawal fee for bank transfers. So if you are withdrawing a small amount of money, it might not be worth it.
Another popular way to withdraw money from eToro is through PayPal. This is a great option if you want your money immediately, as the funds will instantly be transferred to your PayPal account. Just follow these steps:
Log into your account and navigate the "Portfolio" tab.
Select the asset you want to withdraw money from and click on the "Withdraw" button.
Enter the amount of money you want to withdraw and select PayPal from the drop-down menu.
Click on the "Withdraw" button to confirm the transaction.
eToro will send you a confirmation email. Just click on the "Confirm" button in the email, and you will instantly have your money in your PayPal account.
There is no withdrawal fee for this method, but there is a limit. You can call customer service to confirm the withdrawal limits for PayPal.
If you want to withdraw money from your eToro account to a credit or debit card, you can do so by following these steps:
Find the Portfolio tab after logging in to your account.
Select the asset you want to withdraw from and press the Withdraw button.
Enter the amount of money you want to withdraw and choose your credit/debit card from the drop-down menu.
Press the Withdraw button to confirm the transaction.
You will get a confirmation email from eToro. Simply press the Confirm button in the email, and your funds will be transferred to your credit/debit card within three to five business days.
Do note that there is a fee for this method and the amount you can withdraw is also limited. For more information, you can contact eToro customer service.
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