How do I withdraw SGD with bank transfer?

Published on Nov 6, 2024Updated on Nov 11, 20244 min read

You can complete an SGD withdrawal to your bank account from your OKX account. SGD local bank transfers are currently only offered to our Singapore customers.

How do I make a cash withdrawal?

On the web

Log in to your account at okx.com, go to Assets, and select Withdraw
Select Singapore dollar to start making cash withdrawal
Go to Singapore dollar to start making cash withdrawal
Select withdrawal bank account, enter amount and select Preview withdrawal
Enter your authorization code or SMS code and select Withdraw to complete making cash withdrawal

On the app

Open your OKX app, select Assets > Withdraw > Withdraw SGD
Open the withdrawal page
Only the bank account that has been verified can be selected for withdrawal. Accounts displayed in light grey color need to be verified by making a deposit to your OKX beneficiary account before they can be selected for withdrawal
The minimum withdrawal amount is 10 SGD. Select Withdraw after you reconfirm the information on withdrawal preview page
Enter your authorization code or SMS code and Confirm making cash withdrawal

Note:

Only bank account that has been used to make a successful deposit can be selected as withdrawal account.
Deposit sent via PayLah! and Singtel Dash will display the linked mobile phone number as the withdrawal account number. Please make sure you are withdrawing to the latest phone number that is linked to your paylah! and Sintel Dash. Withdrawals made to the old phone number after you have updated your linked number of Paylah will result in sending money to the wrong recipients.
Grabpay e-wallet, Wise, LifeSG will not be available for requesting withdrawal
Withdrawal via FAST is instant in Singapore

How do I verify the ownership of the receiving account for the first time cash withdrawal?

To comply with local laws and regulations, you'll need to verify the ownership of the receiving account during the cash withdrawal process.
Verify by making a cash deposit into OKX with the same account

Web: verify the ownership of receiving account for the first time cash withdrawal

Verify your bank for the first time withdrawal on OKX app

App: verify the ownership of receiving account for the first time cash withdrawal

FAQ

1. Why am I not able to see the "Withdraw SGD" feature?

To comply with local laws and regulations, cash deposits are only available in specific regions. This may mean that your account is currently not eligible to access this feature.

2. Can I make a withdrawal while my bank account verification is still pending?

No. You can only make the withdrawal once your account ownership is successfully verified.

3. How do I know if my bank account is verified?

Once the deposit has been successfully processed into your OKX account, your bank account will be verified.

4. How do I check my withdrawal history?

You can review your withdrawal history on the cash withdrawal page

Web: cash withdrawals on the cash withdrawal page

App: transaction history on the portfolio page

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

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