How do I withdraw funds from my account?

Important Note:

For the first 60 days following a deposit, you can only withdraw funds to the bank account from which they were deposited. If the original bank account is closed, we can initiate a transfer to another bank account if the following information are provided: photo of your government issued ID, bank statement showing that you are the account holder of the linked bank account, and bank statement showing that your original bank account is closed.

Based on account status, certain withdrawals may be subject to review and additional documents may be required.

You can withdraw funds from your account in one of three ways. Please also see Funds Availability.

• Electronic Funds (ACH)
• Check
• Wire Transfer

Electronic Funds (ACH) Withdrawal

Mobile App

1. Tap the Account icon in the bottom right corner.
2. Tap Deposit/Withdrawal.
3. Tap Request Transfer.
4. Select Withdraw from My Firstrade Account.
5. Enter the withdrawal amount and tap Preview.
6. Tap Submit.

Web

1. Login to your Firstrade account.
2. Go to Accounts > Deposit/Transfer.
3. Under the Withdraw column, select Electronic Funds (ACH).
4. Enter the withdrawal amount and click Preview.
5. Click Submit.

Check Withdrawal

1. To request a check, login to your Firstrade account.
2. Go to Accounts > Deposit/Transfer.
3. Under the Withdraw column, select Check.
4. Select a delivery method and enter the amount you wish to withdraw.
5. Click Submit. 

Wire Transfer Withdrawal

Before you can transfer money by wire, you must first enter the account information for the receiving bank for use with your Firstrade account. 

1. To request a wire transfer withdrawal, login to your Firstrade account.
2. Go to Accounts > Deposit/Transfer.
3. Under the Withdraw column, select Wire Transfer.
4. Click Start if this is your first time requesting a wire transfer, then request and enter the verification code.
5. Fill out the wire transfer form with your bank account information and click Preview.
6. Click Submit. 

What happens next?

For the safety of your account, an extra security step is required. You may receive a phone call within the next 1-2 business days to verify your wire request.