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Getting your money out of Saxo Bank

If a broker ever fails, the questions are how your money was held and how fast it could come back. This is how Saxo Bank handles withdrawals today.

Regulation: Danish FSA; FCA; ASIC; FINMA; MAS; JFSA; SFC Hong Kong; DFSA; AMF/ACPR and other European regulators. How Saxo Bank is regulated

Facts last checked . Read the full Saxo Bank review.

Deposits and withdrawals

Deposit methods
Bank transfer, credit/debit card and portfolio transfer
Withdrawal methods
Bank transfer to verified external bank account
Deposit time
Cards generally instant; bank transfer typically 1-3 business days
Withdrawal time
Typically 1-3 business days
Minimum withdrawal
No minimum
Local payment methods
Local bank transfer options vary by country

What this means

Withdrawals are stated at Typically 1-3 business days, against Cards generally instant; bank transfer typically 1-3 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer to verified external bank account. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is No minimum - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Questions about Saxo Bank deposits and withdrawals

How do you withdraw from Saxo Bank?

Withdrawals from Saxo Bank are made by bank transfer to verified external bank account. Most brokers return money by the method it arrived by, so the deposit method decides the withdrawal method.

How long does a Saxo Bank withdrawal take?

Saxo Bank records withdrawal times of typically 1-3 business days. The broker's processing time and the bank's or card issuer's time are separate, and the published figure is usually the broker's.

Is there a minimum withdrawal at Saxo Bank?

The minimum withdrawal at Saxo Bank is No minimum.

Deposits and withdrawals at brokers under the same regulator

More about Saxo Bank