Need funds transferred to you on a specific date, beyond our standard 10-business-day withdrawal timeframe? We've got you covered.
What are Scheduled Withdrawals?
Scheduled Withdrawals allow you to request a transfer to be sent on a specific future date, perfect if you need your funds after our standard 10-business-day processing window.
Instead of waiting and submitting a request later on, you can schedule it in advance and have peace of mind knowing your funds will arrive when you need them.
Key things to know:
You can set a withdrawal to be sent on a specific date, up to 365 days in advance (taking into account Public & Bank Holidays).
This feature is only available for dates beyond the standard 10-business-day timeframe.
It helps you plan ahead and avoid the hassle of remembering to submit your request at a later date.
Is there a minimum amount for withdrawal?
The minimum withdrawal amount is €50.
If your account value is less than €50, you can only withdraw the exact amount of your account balance. This means that although your balance is below the minimum withdrawal amount, you will still have access to your funds, but the entire balance must be withdrawn.
Is there a maximum withdrawal amount?
Yes, the maximum amount you can withdraw in a single transaction is €50,000.
If you wish to withdraw more than this amount, you can easily do so by creating multiple withdrawal requests. There is no restriction on the number of withdrawals you can make per day. For example, to withdraw €100,000, you can submit two separate orders of €50,000 each.
How to Submit a Scheduled Withdrawal
To initiate a scheduled withdrawal from your Monefit account:
Navigate to the Summary page of your account.
Locate the three-dot menu in the main section of the page.
Click on the menu to open the withdrawal flow.
Enter the desired withdrawal amount and select the specific future date for the transfer.
Submit your request. This process ensures that your funds will be transferred on the date you need them, providing convenience and peace of mind.