How to Withdraw Money from Neteller to My Bank Account

How to withdraw money from Neteller? Withdrawing money from your Neteller Account to your bank account might seem tricky, but it's simpler than you think. In this guide, we'll walk you through the steps to make this process easy.

How do I Withdraw Money to My Bank Account

You can use the bank wire withdrawal option to move money from your Neteller digital wallet to your personal bank account. Simply log in to your account and go to the Money out section to see if this option is available for you.

How to Withdraw Money From Neteller

Here's how to withdraw money from your Neteller account:

1. Go to the Money Out section of your Neteller account.
2. Click on Withdraw Now under Bank Account.
3. Choose a bank account and click Next. If you haven’t added a bank account yet, click Add a Bank Account to provide your bank details. Sometimes, you may need to register a bank account issued abroad (in a different country from where you live).
4. Enter the withdrawal amount and click Next. Depending on your country, you may need to provide additional details (e.g. for Brazil: your CPF/CNPJ number). You might also be asked to verify your bank account if you haven’t already done so.
5. A summary page with your withdrawal information will appear. To complete the withdrawal, confirm the transaction by entering your Secure ID.

Note: Depending on your country of residence and your bank account's currency, your withdrawal may be processed as a local or international transfer. If the local bank withdrawal option is available, you may need to provide local bank account details (e.g. for Russia: your first, middle, and last name in Cyrillic letters).

How can I Withdraw Funds From My Neteller Account

Neteller provides various withdrawal options:

• Bank transfer withdrawal
• Visa® withdrawal
• Mastercard® withdrawal
• Mobile wallet withdrawal
• Withdrawal to a crypto wallet
• Withdrawal to Skrill

With Neteller, you can also: 

• Pay online
• Send money to another Neteller account 
• Get cash at ATMs and pay instantly with your Net+ Prepaid Mastercard®
• Make online purchases with your Net+ Virtual Prepaid Mastercard® 

To see which options are available to you, check the Money Out section of your account.

Please note: The Net+ card is only accessible to residents of authorized European Economic Area (EEA) countries.

What are The Fees and Limits of Neteller

Your withdrawal limits can be found in the Money Out section of your account, under the respective withdrawal option. If there is a minimum transaction limit, it will be displayed onscreen when you initiate the withdrawal.

To check the withdrawal fee, go to the Money Out section of your account or visit our Fees Page.

On the screen, you will see the currency in which your withdrawal will be processed, along with the foreign exchange rates. Keep in mind that if your bank account is in a different currency, your bank may apply additional currency exchange fees.

How Long Does it Take to Receive the Money in My Bank Account

The withdrawal may take anywhere from 1 day to 5 business days to reach your bank account. The processing time frame will be shown to you when you initiate the withdrawal.

Can I Cancel a Bank Withdrawal

Once you've initiated a bank withdrawal, you cannot cancel it.

Why Did My Withdrawal Fail

Here are some reasons why your withdrawal may have failed:

1. Your bank account is not supported for withdrawal. Try using another bank account.
2. The name in your NETELLER account does not match the name of the bank account. Withdrawals are only allowed to personal bank accounts. Withdrawals to a third-party bank account will fail.
3. The bank details you entered are incorrect (bank account number, SWIFT code, bank code, etc.). Double-check your bank details.
4. Your bank does not allow withdrawals from NETELLER. Contact your bank for more information.

My Withdrawal is Missing, What can I Do

Typically, bank withdrawals are processed within the standard timeframe. However, occasional delays may occur due to unforeseen circumstances. If it has been 10 business days since your withdrawal was initiated and you have not received it, please contact us so we can trace it. You will need to provide a bank statement showing full bank account details, your name as the bank account holder, the bank account number, and full transaction history for that bank account since the date of the withdrawal.

Conclusion

Now, you know how to withdraw money from Neteller, simply follow the outlined steps, and your funds will be smoothly transferred. Should you require assistance at any point, Neteller's support team is readily available to help. Enjoy hassle-free money management with Neteller!