3 min read 

Withdrawal is one of the most interesting topics for our traders. We decided to talk about withdrawals to the bank cards as they cause a lot of questions and are slightly more complicated in their essence than e-wallet withdrawals.

How can you withdraw your funds in the first place?

It is important that you withdraw to the same bank card or e-wallet, you have used to make a deposit, otherwise, the system will cancel the request, the amount must not be larger than the deposit made from that card (no amount limits for the e-wallets though). These are the security measures we take.

So it is quite clear with the e-wallets, if you have deposited from Skrill, then you just withdraw back to it.

In terms of the bank cards: we have recently implemented instant bank card withdrawal processing, so you do not have to wait for the 3 working days for your withdrawal application to be processed. 

If you withdraw to the bank card, IQ Option immediately transfers the money to your bank. But it may take up to 21 days (3 weeks) to transfer money from the bank to your bank account. Please do not get alerted when you see the “Complete” status and still no funds on your card.

Example 1:

Within the last 90 days you have deposited from your card $200 USD, you now have $250 on your balance. To withdraw it all you need to apply for two withdrawals: $200 to your bank card and $50 to your e-wallet (Skrill, Fasapay, Neteller etc) or use the wire transfer. Please be aware of the $50 fee, which banks take for the wire transfer, so this type of withdrawal is not the best one unless you withdraw more than $1000.

Example 2:

You have deposited $200 100 days ago, it means you now need to withdraw to the e-wallets, the card withdrawal is no more available because we only count 90 days from your last card deposit.

Example 3:

You have deposited from your bank card $200 and $100 from your e- wallet. You need to withdraw $200 to the bank card and then you will be able to withdraw to the e-wallet. Withdrawal to the bank card is prioritized (goes always first).

Here is more on withdrawal terms.

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