Our MultiBank withdrawal review covers the withdrawal methods, fees, and processing times, plus a complete step-by-step guide on requesting your first MultiBank minimum withdrawal.
MultiBank Withdrawal Option | Availability |
|---|---|
Bank wires | Yes |
Credit/debit cards | Yes |
e-wallets | Yes |
Cryptocurrencies | Yes |
Internal withdrawal fees | No |
How to Withdraw from MultiBank?
Traders can make their MultiBank minimum withdrawal request from the secure and user-friendly MyMultiBank account area. It will list all available withdrawal methods, which will differ based on the geographic location of traders.
Steps for Sending the Minimum Withdrawal
Only verified clients may request a MultiBank withdrawal. There is no MultiBank minimum withdrawal amount, but the name on the payment processor must match the name on the MultiBank trading account.
Below are the MultiBank withdrawal steps:
- Log into your MyMultiBank account area.
- Locate the withdrawal section in the dashboard.
- Select your preferred account if you have multiple trading accounts, then choose your payment processor.
- Enter your desired withdrawal amount (ensure sufficient free margin is available to cover the withdrawal).
The finance department processes MultiBank withdrawal requests within 24 hours.
MultiBank Withdrawal Methods – How to Withdraw Your Money?
Verified traders can choose their withdrawal method from the MyMultiBank account area. Please note that MultiBank usually sends the withdrawal amount to the same payment processors used for the deposit, per AML regulations.
MultiBank Withdrawal Fees
MultiBank does not charge internal withdrawal fees, but traders may face potential third-party fees and currency conversion costs if the MultiBank withdrawal currency differs from the currency used by the payment processor.
Below are the MultiBank minimum withdrawal fees (excluding currency conversion costs and third-party payment processor fees):
- Bank wires - $0
- Credit/debit cards - $0
- Cryptocurrencies - $0
- Neteller - $0
- Skrill - $0
- Pagsmile - $0
- Myfatoorah - $0
- PlusWallets - $0
- Thai QR Payment - $0
- PayTrust - $0
- Pay Retailers - $0
- KoraPay - $0
- PaymentAsia - $0
- Boleto - $0
- PIX - $0
- SPE - $0
- Praxis - $0
- GCash - $0
- Dragonpay - $0
- GlobePay - $0
Noteworthy:
- A multi-currency account can help traders lower potential currency conversion fees
Which Payment Methods Can Be Used to Withdraw from MultiBank?
The MyMultiBank account area only lists the MultiBank minimum withdrawal methods available to clients, as geographical restrictions exist.
MultiBank supports the following withdrawal options:
- Bank wires, including localized options for core markets
- Credit/debit cards
- Cryptocurrencies
- Neteller
- Skrill
- Pagsmile
- Myfatoorah
- PlusWallets
- Thai QR Payment
- PayTrust
- Pay Retailers
- KoraPay
- PaymentAsia
- Boleto
- PIX
- SPE
- Praxis
- GCash
- Dragonpay
- GlobePay
How Long Does It Take to Get a Withdrawal from MultiBank?
The finance department processes valid MultiBank minimum withdrawal requests on usual business days within 24 hours for verified clients.
The average withdrawal time for the MultiBank withdrawal methods, including estimated third-party processing times:
- Bank wires - Up to 24 hours + Up to five days
- Credit/debit cards - Up to 24 hours + Up to five days
- Cryptocurrencies - Up to 24 hours + Up to three hours
- Neteller - Up to 24 hours + Near-Instant
- Skrill - Up to 24 hours + Near-Instant
- Pagsmile - Up to 24 hours + Near-Instant
- Myfatoorah - Up to 24 hours + Near-Instant
- PlusWallets - Up to 24 hours + Near-Instant
- Thai QR Payment - Up to 24 hours + Near-Instant
- PayTrust - Up to 24 hours + Near-Instant
- Pay Retailers - Up to 24 hours + Near-Instant
- KoraPay - Up to 24 hours + Near-Instant
- PaymentAsia - Up to 24 hours + Near-Instant
- Boleto - Up to 24 hours + Near-Instant
- PIX - Up to 24 hours + Near-Instant
- SPE - Up to 24 hours + Near-Instant
- Praxis - Up to 24 hours + Near-Instant
- GCash - Up to 24 hours + Near-Instant
- Dragonpay - Up to 24 hours + Near-Instant
- GlobePay - Up to 24 hours + Near-Instant
Withdrawal Issues and Delays in Payment
Withdrawal issues and payment delays during the MultiBank minimum withdrawal process are rare but could arise.
Some of the possible MultiBank minimum withdrawal issues and delays in payment are:
- Up to five business days for funds to arrive (delay)
- Withdrawal payment processor differs from the deposit payment processor (delay)
- Outdated or incomplete account verification (issue)
- Insufficient free account margin (issue)
- Mismatch of the payment processor and the MultiBank trading account name (issue)
- Minimum and maximum withdrawal limits for some payment processors (issue)
- Unauthorized account activity (issue)
MultiBank Withdrawal Bottom Line
Withdrawing funds from MultiBank is as simple as depositing and functions similarly to other online banking platforms. The secure and user-friendly MyMultiBank account area manages the MultiBank withdrawal process, which the finance department processes within 24 hours. There is no MultiBank minimum withdrawal amount or internal withdrawal fees.
Feel free to read our full broker review of MultiBank. MultiBank is an established broker and bank with 11+ regulatory licenses, 25+ global offices, $322M+ in paid-up capital, third-party insurance, a B rating from S&P, and a clean regulatory history. The minimum MultiBank deposit is $50. A deposit of $1,000 results in better trading fees, while traders with $10,000+ portfolios receive even better trading fees. Verified traders can request a withdrawal from the secure and user-friendly MyMultiBank account area. MultiBank does not charge anything for withdrawals, but traders may face third-party processing costs or currency conversion fees, which MultiBank does not control.FAQs
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