Answers
Sep 26, 2016 - 09:38 AM
Withdrawals of $200 or less in South Africa are processed daily (Monday to Friday) and it clears in your bank account in a day or two depending on your bank.
Bigger withdrawals are wired from Europe where your funds are kept safely in interest earning segregated accounts with the top investment banks. International bank wire transfers can take anything from 2 days to 5 working days depending on your bank and there has even been cases where it has taken 7 days although this is rare. 80% of wire transfers are in your bank account in less than 4 days and 17% are in within a week. The remaining 3% reflect in accounts in under 10 days.
We are always working with banks in partnership to speed up the deposit and withdrawal process. I am sure you understand that international transactions take longer than local ones. We put a lot of effort into insuring your funds are safe and European banks are just a lot safer than SA banks.
We have already sped things up a lot. You can now also do instant deposits with the credit card system and when I say instant I mean about 2 seconds from online transaction to the money being in your trading account.
Bigger withdrawals are wired from Europe where your funds are kept safely in interest earning segregated accounts with the top investment banks. International bank wire transfers can take anything from 2 days to 5 working days depending on your bank and there has even been cases where it has taken 7 days although this is rare. 80% of wire transfers are in your bank account in less than 4 days and 17% are in within a week. The remaining 3% reflect in accounts in under 10 days.
We are always working with banks in partnership to speed up the deposit and withdrawal process. I am sure you understand that international transactions take longer than local ones. We put a lot of effort into insuring your funds are safe and European banks are just a lot safer than SA banks.
We have already sped things up a lot. You can now also do instant deposits with the credit card system and when I say instant I mean about 2 seconds from online transaction to the money being in your trading account.
Oct 02, 2016 - 08:50 AM
About 3 to 5 working days for smaller amounts .... anything below $200
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