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      Withdrawals: How to take funds out of your EdWallet account

      Learn how to withdraw funds from EdWallet to your bank account.

      Whenever you receive a payment through any of the Edvisor sales tools, the funds are securely stored in your EdWallet. You have the flexibility to keep these funds in your EdWallet, or use them to directly pay your providers or withdraw the funds to have them available in your bank account.

      Important: If you haven't added your bank account to EdWallet yet, please refer to this article before proceeding.

        In this article...

        How to withdraw funds from EdWallet to your Bank Account.

        Here's how to do it:

        1. From any page within your EdWallet platform, click on the '+ New Transaction' button at the top of the screen and select 'Withdrawals'.
          EdWallet 1-1
        2. Choose a Bank Account: Select the bank account you wish to transfer funds to.
        3. Select a Currency Account: Choose the currency account from which you want to withdraw funds.
        4. Enter the Amount: Specify the amount you wish to transfer.

        ⚠️ Security Verification:
        For your safety, we'll need to verify this transaction. A verification code will be sent to the email address associated with your EdWallet account. 

        Please access your email, then copy and paste the verification code in the next screen.

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        5. Confirm the Transaction:         Click on 'Send Payout' to proceed with your transaction.

        Please note that it may take between 2-4 days for the funds to reach your bank account.

        How to manage your 'Withdrawals'

        You can easily oversee all your withdrawals directly from the Wallet section.

        1. Navigate to 'Wallet' in the left-side menu of your account, and then select 'Withdrawals'.
        2. Here, you'll find a comprehensive list of all the withdrawals you've completed.

        EdWallet 2


        Processing Times

        When you make a withdrawal from EdWallet, the time it takes for the funds to reach your bank account can vary depending on the target market. Here are the estimated processing times:

        Market Estimated Time
        Brazil 4-6 days
        Mexico Same day
        Colombia 5-10 days
        Euro + All other currencies Same day

        Processing Fees

        Withdrawing funds from your account incurs associated fees, which may vary based on the currency and transaction type.
        • For withdrawals in the same currency (e.g., USD to USD), a $5 CAD/EUR/AUD/GBP/USD fee is charged.
        • For withdrawals in a different currency, no fee is charged, but a 0.8% FX spread is applied.

        ➡️ Check this article to learn more about processing fees and tips to manage them effectively.