You can withdraw your money directly from the InvestSky app 📲.
To do this, go to Account > Withdraw. Add the details of a local bank account 💳 in which you would like to receive the money, then click 'Submit' ✅. Depending on your bank, this should take up to 5 business days. We don't charge you for withdrawing funds. However, our broker's bank charges a $30 fee for any withdrawal request.
The daily withdrawal limit set by the broker is $50,000.
Please note that our Partner Broker has three policies regarding withdrawals:
You can only withdraw to a bank account that is under your own name and listed in the available withdrawal banks. Any withdrawal to a bank account with a different name will be rejected by the beneficiary bank.
For recently funded accounts, there is an initial hold period of 6 business days before you can make a withdrawal. This is part of our Partner-Broker's AML Policy.
Once you sell a stock, you'll have to wait for 1 business day after you make the trade (t+1) for the settlement to be completed before you can withdraw that amount.
Please note that Digital Wallet Platforms or online third-party platforms don't support receiving international transfers, such as Barq, STC Pay, D360, or MoneyGram. Withdrawal should be through a physical real bank account.
As you are reading this, the InvestSky team is busy building a solution to make withdrawing your funds instant and smooth 💸. Stay tuned 😉
Any questions? 💬 Talk to us! 🥰 You can reach us at [email protected] or chat with us directly in the app (Account > Support > Chat With Us).