What Is the Instant Withdrawal Feature?
The Instant Withdrawal feature allows you to withdraw up to $10,000 a day in real time using an externally linked debit card. Instant Withdrawals are processed through card networks, rather than through the ACH network (with your Yotta account numbers), allowing funds to transfer almost instantly.
Note: For the first 30 days of your account, the limit is $2,000 a day and $4,000 per week.
Is there a fee to use the Instant Withdrawal feature?
Yes. Instant Withdrawals are available for funds that have settled within your Yotta account with a 1.5% fee, (for transactions below $33.33 there is a $0.50 fee).
Sometimes, saving time is worth a little added cost and with Yotta Instant Withdrawals, we’ve empowered you to make that decision.
Where does the fee come from?
The fee is taken out of the total withdrawal amount from your external account. If you withdrawal $50, there would be a $0.75 fee, taken out of the $50 making your 'net withdrawal' amount deposited to your Yotta account $49.25.
Is it really instant? How fast will the Instant Withdrawal Feature process?
Withdrawal speeds are typically real time, but depends on your external bank and could take up to 30 minutes.
Do I lose tickets by withdrawing funds using the Instant Withdrawal feature?
You don't lose tickets for an instant withdrawal in an active contest, but you will lose tickets in the following contest.
What cards can I link?
You can use a prepaid debit card or any Visa or Mastercard debit card.