Getting your trading profits safely into your bank account is one of the most important parts of the Deriv experience, and thankfully, the platform makes it a simple, straightforward process. Whether you’re cashing out for the first time or just want a refresher on the steps, knowing exactly how to withdraw money to your bank account ensures your funds move quickly and securely, without any unnecessary delays. In this guide, we’ll walk you through the full withdrawal process to your bank account on Deriv, step by step, so you can access your money with confidence. The Bank for International settlements can you educate you a bit further to understand what happens behind the scenes when your withdrawal is being processed.
If you still need a Deriv account, create a Deriv account first so you can finish the withdrawal setup later. If you want to log in to MT5 after the transfer, see our How to Log into MT5 on Deriv.
Step 1: Make Sure Your Account Is Verified
Before withdrawing, confirm your proof of identity and proof of address are approved in Account Settings. Unverified accounts are usually restricted from withdrawing. You can follow How to Verify your account on Deriv if you have not verified your account.
Step 2: Go to the Deriv Cashier
Log into your Deriv account and click “Withdraw” or “Cashier” from the main dashboard.
Step 3: Select Bank Transfer as Your Withdrawal Method
Choose “Bank Transfer” from the list of withdrawal options. Remember, Deriv generally requires withdrawing through the same method used to deposit, up to the amount deposited.
Step 4: Enter Your Bank Account Details
Provide your bank account number, account holder name, and any additional details required, such as a SWIFT or routing code depending on your bank.
Step 5: Enter Your Withdrawal Amount
Type in how much you’d like to withdraw, keeping in mind any minimum withdrawal amount and your available balance.
Step 6: Submit and Track Your Request
Review your details and confirm the withdrawal. You can track its status directly in the Cashier, which will show as pending, processing, or completed.
Funds On Their Way
Bank withdrawals typically take longer than e-wallets, often a few business days depending on your bank. Once processed, the funds should reflect in your account. To explore other ways to withdraw you can check out How to withdraw using Deriv P2P.
More and more traders are adding extra income through the Deriv Partner Program. For traders that like supporting other traders and helping them get on board with Deriv, this is a perfect fit.
FAQ: Withdrawing to Your Bank Account on Deriv
How long does a bank withdrawal take on Deriv? It usually takes a few business days, depending on your bank and location, and can be slower than e-wallet withdrawals.
Why do I need to withdraw using the same method I deposited with? This is a standard anti-fraud measure. You can withdraw up to your total deposited amount through the original method, with any remainder withdrawable through other supported methods.
What if my bank details are entered incorrectly? Double-check everything before submitting, since incorrect details can delay or fail the withdrawal, sometimes requiring you to resubmit the request.
Is there a minimum withdrawal amount for bank transfers on Deriv? Yes, this varies by currency and is shown on the withdrawal screen once you select bank transfer as your method.
