How do I withdraw money from my Stake Wallet?

You can withdraw money from your Stake AUD Wallet straight into your Australian bank account at any time if your funds are available for withdrawal.

You will only be able to withdraw settled cash, any proceeds you make from the execution of sell orders will settle on a T + 2 basis where 2 refers to business days from the execution date. Once this has occurred, you can then input your bank account details and the funds will be on their way to you. 

Steps 

• Click the 'Funds' icon on your dashboard 
• Click 'Withdraw Funds' 
• Enter the amount you would like to withdraw 
• Enter your destination bank details with your BSB & Account Number
• Enter the verification code sent to your mobile or Authenticator App 
• Wait to see the 'funds sent' icon 
• Your money is on its way

Things to consider

• It's vital that you enter the correct bank account details to ensure that your withdrawal gets processed as seamlessly as possible. Please be vigilant and double-check the details that you enter. If you've entered incorrect details, please reach out to the Stake Support Team with a copy of your withdrawal details.
• Please ensure that the name on the nominated account for withdrawal matches that of your Stake account. We are not able to process withdrawals to third-party accounts, such as friends & family accounts etc.
• To ensure the security of your funds, we have extra validation methods in place on withdrawals and may contact you or request extra documentation. These checks ensure that your details are correct and prevent any fraud on your account.
• If money is credited to the wrong account, we can't guarantee its recovery, nor can we accept liability for any loss (as per our terms and conditions).

For more information on the processing times and when you can expect your funds to hit your nominated account click here.