How to Withdraw Money from Etoro Money App?

Written by Mike Druttman

Reviewed by Wikitoro Team

Introduction

Having been an active user of Etoro Money App for a few years now, I've enjoyed the ease of managing my investments. But, I remember when I first tried to withdraw money, I was a bit hesitant, unsure of the steps. Today, I'll share my personal journey to ensure you have a smooth withdrawal experience.

Prerequisites for Withdrawing Money

Before I made my first withdrawal:

• I made sure my Etoro account was verified. It added a layer of trust, knowing the funds would go to the correct destination.
• Checked if I had more than the minimum withdrawal amount.
• Researched possible withdrawal fees. Nobody likes unexpected deductions, right?

Step-by-Step Guide Based on My Experience

1. I opened the Etoro Money App on my phone, logged in, feeling that familiar ease.
2. Naturally gravitated to the 'Wallet' section; it's intuitively designed.
3. Clicked on 'Withdraw Funds'. The user experience is straightforward.
4. Entered the amount I wanted, remembering my first anxious withdrawal, which now feels routine.
5. Chose my trusted withdrawal method, having experimented with a few before.
6. Double-checked the details, always a good practice, and confirmed.
7. The wait began. The first time, every hour felt long, but rest assured, the confirmation arrives.

Choosing a Withdrawal Method: My Recommendations

• Bank Transfer: I found it took around 4 business days for me. There were some fees, but I felt comfortable with the traditional method.
• PayPal: A game-changer! Almost instant, with negligible fees. Became my go-to after a few trials.
• Credit Card: Took about 3 business days, with variable fees. I used it occasionally when needed.

My Troubles & How I Overcame Them

I won't lie, my initial withdrawals weren't all smooth:

• Once, my withdrawal was pending for days. A quick check revealed a minor Etoro server issue. Patience was key.
• Made an error in my bank details once. Always double-check!
• Etoro support became my best friend during these times. They're quite responsive!

Personal Tips for a Smooth Experience

• Update regularly: Early on, I missed an update, and my app acted up. Regular updates ensure smoother transactions.
• Stay within limits: I once tried withdrawing a small amount below the limit, led to unnecessary delays.
• Safety First: After a friend's account got compromised, two-factor authentication became a ritual for me.

Conclusion & Personal Thoughts

Looking back, I've come a long way from my initial nervous withdrawals to now, where it feels like a breeze. Etoro Money App has been a reliable companion. If you're feeling uncertain, remember, we've all been there. Just follow the steps, stay updated, and enjoy the benefits of your investments!