How Do I Withdraw to a Bank Account?

Send money from your Peanut balance to any bank account — your own or someone else's. Withdrawals are free via SEPA (EUR) or ACH (USD), with no minimum amount. SEPA transfers arrive in under 20 minutes for 90% of withdrawals. Wire withdrawals are not supported.

Withdraw to Your Bank

  1. 1

    Open the app and tap Withdraw

    Select Bank Transfer as the withdrawal method.

  2. 2

    Enter bank details

    Enter the recipient's IBAN (for SEPA) or routing number and account number (for ACH). You can also select a previously saved bank account.

  3. 3

    Enter the amount

    Enter the amount to withdraw. The app displays the USD equivalent and estimated arrival time.

  4. 4

    Review and confirm

    Check the amount, destination bank, and estimated arrival. Confirm to initiate the transfer.

  5. 5

    Wait for processing

    SEPA: 90% under 20 minutes, up to 1 business day. ACH: 1-3 business days. Your Peanut balance is debited immediately.

Sending to Someone Else's Bank Account

You can enter any bank account — not just your own. This works the same as a regular withdrawal: enter the recipient's bank details (IBAN or routing + account number), enter the amount, and confirm. Available in the EU, US, and Mexico.

Info

You can save multiple bank accounts in the app. Adding a bank account is separate from identity verification — it is not verified during the KYC process.

If a Withdrawal Fails

If a bank withdrawal fails (incorrect details, bank rejection, etc.), your balance is automatically re-credited — usually within 1 day. You cannot cancel a pending withdrawal once confirmed.

FAQ

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