Modified on: Wed, 21 Jun, 2023 at 4:35 PM
From your BitOasis wallet, you can request a cash withdrawal to your own personal bank account.
BitOasis does not support withdrawals to third parties. Therefore, when moving forward, be sure to include your personal bank account.
For withdrawals made within the United Arab Emirates, a local withdrawal request fees 10 AED, while an international withdrawal order fees 65 AED.
Use the steps below to start an AED/SAR withdrawal order:
Step 1: Please make sure that you have a balance in your Fiat wallet to withdraw cash to your personal bank account. If you don't have a balance, please make sure to sell your crypto balance first in order to have an amount to withdraw.
Step 2: Please click on Wallet - Withdraw to continue.
Please make sure to add your personal bank details that you wish the amount to be withdrawn to.
Step 3:
Enter the amount you wish to withdraw and then click on the ‘Initiate withdrawal’ button. Please note that the minimum withdrawal amount is 200 AED excluding the AED withdrawal fee stated below.
If you wish to withdraw an amount that is less than 200 AED, please contact us by clicking here.
- Please be aware that all withdrawal requests received from Monday to Saturday before 11:00 am (UAE time) will be processed the same day.
- If your withdrawal request is submitted after the deadline, processing will begin the following banking day according to the T&Cs.
- USD withdrawals are currently unavailable. You can withdraw money to your bank account in AED and SAR.
- If you wish to receive your withdrawal payment faster, we advise topping up your account to the required minimum withdrawal amount of 200 AED so that it can be processed within our typical domestic withdrawal processing times of 1-2 days.
- Please let us know if you want to move forward with the exception of a withdrawal of less than 200 AED so we can help you further.
If you require any further assistance, please contact us by clicking here.
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As an expert in cryptocurrency exchanges and financial transactions, I've acquired extensive knowledge and experience in the workings of platforms like BitOasis. The provided article pertains to the processes and guidelines for withdrawing funds from a BitOasis wallet to a personal bank account, focusing on aspects like withdrawal fees, minimum withdrawal amounts, supported currencies, and procedural steps.
Let's break down the concepts mentioned in the article:
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BitOasis Wallet: This is a digital wallet provided by BitOasis, a cryptocurrency exchange platform, allowing users to store various cryptocurrencies and fiat currencies.
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Cash Withdrawal: The process of transferring funds from the BitOasis wallet to a personal bank account in either AED (United Arab Emirates Dirham) or SAR (Saudi Riyal).
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Withdrawal Restrictions:
- Withdrawals can only be made to the owner's personal bank account; third-party withdrawals are not supported.
- USD withdrawals are unavailable at the time specified in the article.
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Withdrawal Fees:
- Local withdrawal within the UAE incurs a fee of 10 AED.
- International withdrawals are charged at 65 AED.
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Withdrawal Process:
- Steps involve ensuring a balance in the fiat wallet or selling crypto to generate the required amount.
- Adding personal bank details for the withdrawal destination.
- Initiating the withdrawal by specifying the amount (minimum withdrawal amount is 200 AED) and confirming the request.
- Withdrawal requests submitted before 11:00 am (UAE time) from Monday to Saturday will be processed on the same day.
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Processing Times:
- Domestic withdrawals typically take 1-2 days for processing.
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Support and Assistance:
- Users needing help with withdrawals or facing specific issues are encouraged to contact BitOasis support for further assistance.
Understanding these key elements is crucial for BitOasis users aiming to conduct withdrawals from their wallets to personal bank accounts, ensuring compliance with the specified guidelines, fees, and procedures outlined by the platform.
Should you require more information or assistance in navigating BitOasis or similar platforms, feel free to reach out for further guidance.
FAQs
If for whatever reason you need more cash than ATM limits allow, there are a few ways you can get around it:
- Request an increase in your daily limit.
- Make a withdrawal in person at a bank branch.
- Get a cash advance with a credit or debit card.
- Get cash back with a purchase at a store.
To make a withdrawal at a bank branch, fill out a withdrawal slip. You can specify whether you'd like to withdraw money from your checking or savings account. Then, provide the withdrawal slip to the teller along with your account number, debit card or other form of personal identification to access your account.
What are some typical ways you can make withdrawals from a bank account? ›
But even if it doesn't, you have other options for withdrawing your money.
- Use your debit card at an in-network ATM. Online banks typically issue debit cards with checking accounts and money market accounts. ...
- Use cash-back options. ...
- Write a check. ...
- Transfer money to a linked account.
Under the Bank Secrecy Act (BSA), you are limited to $10,000 of cash withdrawals from your bank account per day. And if you want to withdraw more than that $10,000 daily cash limit, the bank will report your transaction to the federal government.
How do I bring large amounts of cash to my bank? ›
To safely deposit a large amount of cash, visit a brick-and-mortar branch operated by your financial institution. Contact your financial institution if you plan to make a sizable deposit, said Christopher Naghibi, executive vice president and chief operating officer at First Foundation Bank.
Can I withdraw $20000 in cash from my bank? ›
Unless your bank has set a withdrawal limit of its own, you are free to take as much out of your bank account as you would like. It is, after all, your money. Here's the catch: If you withdraw $10,000 or more, it will trigger federal reporting requirements.
What is the maximum cash withdrawal from bank? ›
ATMs have withdrawal limits varying among Indian banks, such as SBI with Rs. 40,000 daily, HDFC with Rs. 25,000, Canara Bank with Rs. 75,000, and ICICI Bank with Rs. 1,50,000. Each bank offers different limits depending on account type and debit card. Make sure to check the current limits regularly to avoid issues.
How to withdraw from money easily? ›
One of the quickest ways to withdraw money from a savings account is at an ATM. Depending on your bank, you can use your physical debit card or mobile wallet to access the funds in your account.
How do I withdraw money directly from my bank account? ›
1. ATM Withdrawals. One of the simplest ways to withdraw money from your bank account is by going to the ATM and withdrawing it with a debit card. Even basic savings accounts come with a debit card, allowing you to make ATM transactions and withdrawals.
Can a bank ask why you are withdrawing money? ›
ask me for additional information when I make a large deposit or withdrawal? Yes. The bank may be asking for additional information because federal law requires banks to complete forms for large and/or suspicious transactions as a way to flag possible money laundering.
Choose your withdrawal method.
Depending on your bank and type of savings account, you can withdraw cash from an ATM, over the phone, in person or via online transfer to your checking account.
Can I withdraw everything from my bank account? ›
Legal and Savings Withdrawal Limits
For a standard depository account, there are no laws or legal limits to how much cash you can withdraw. Withdrawal limits are set by the banks themselves and differ across institutions. That said, cash withdrawals are subject to the same reporting limits as all transactions.
How much cash can you keep at home legally in the US? ›
The government has no regulations on the amount of money you can legally keep in your house or even the amount of money you can legally own overall. Just, the problem with keeping so much money in one place (likely in the form of cash) — it's very vulnerable to being lost.
How much cash withdrawal is suspicious? ›
The Limit You Need To Worry About Is $10,000
“$5,000 is okay, but if you withdraw more than $10,000, the transaction will be reported to the IRS and at least one other government agency,” Bakke said.
Are banks stopping cash withdrawals? ›
Key Takeaways. Regulation D was a federal law that limited the number of withdrawals or transfers you could make from a savings or money market account. That law was suspended in 2020 amid the COVID-19 pandemic, however, some banks still have withdrawal limits.
Can I withdraw $20,000 from ATM at once? ›
The majority of the Indian banks' withdrawal limit per day ranges between Rs. 20,000 to Rs. 50,000 from an ATM. In addition, the maximum ATM withdrawal limit per day depends on your account type and banking specifics.
How much money can I withdraw without being flagged? ›
The Limit You Need To Worry About Is $10,000
“$5,000 is okay, but if you withdraw more than $10,000, the transaction will be reported to the IRS and at least one other government agency,” Bakke said.
How much cash can you take out of your bank account at once? ›
Most often, ATM cash withdrawal limits range from $300 to $1,000 per day. Again, this is determined by the bank or credit union—there is no standard daily ATM withdrawal limit. Your personal bank ATM withdrawal limit also may depend on the types of accounts you have and your banking history.
Can I pay $10,000 with my debit card? ›
Yes, banks have debit card limits for how much you can spend or how much money you can withdraw at an ATM. Daily purchase limits can range from $300 to $10,000. Daily withdrawal limits for debit cards can vary from $200 to $5,000.
