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Are then any fees for making a withdrawal?
Are then any fees for making a withdrawal?
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Inappropriate?There is a $20.00 fee charged for a withdrawal by bank wire. The receiving bank, or any intermediary bank the wire transfer is routed through may charge a fee. Intrade do not cover these fees should they be charged.
There is no fee charged for check withdrawal. Your bank may charge a fee for lodging the check and you should contact you bank to find out their policy on this.
Please note that there is also a $10.00 processing fee per withdrawal once you request more than two withdrawals per calendar month. The first two withdrawals requested per calendar month are not charged this fee.1 Comment
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There has been a change in the fees charged for members requesting withdrawals from their accounts.
For a bank wire there is a $20.00 fee charged by the exchange. All fees charged by the sending bank, the receiving bank and any intermediary bank the wire may be routed through are payable by the receiver.
The cost of issuing a withdrawal check is payable by the receiver (i.e the exchange member requesting the withdrawal) and will be deducted from the withdrawal amount requested. This will be done by the issuing bank and not by the Exchange. Details of the cost of issuing the check will be attached to the check itself when it is received. The cost is typically $5.00 to $6.00.
For your first check withdrawal per calendar month you will incur only the cost of issuing the check. Any further check withdrawals in the same calendar month will incur a $10.00 admin fee from the Exchange, in addition to the cost of issuing the check.
