Withdraw from Peanut to a bank account
Eligible verified users can send their balance by SEPA, ACH, SPEI, or Faster Payments, including directly to another person's supported bank account.
Peanut can send money from your balance directly to an eligible bank account. You can use your own account or a third party's account on supported SEPA, ACH, SPEI, and Faster Payments routes. A Peanut Link is not needed for this bank transfer.
The bank route available to you depends on your verified residence and account eligibility, not only on where the destination bank is located. UK residents cannot use Peanut bank transfers. New York residents are excluded from the relevant bank routes. Check the options shown in your account before collecting recipient details.
Before you start
Info
- Complete the identity verification required for bank transfers.
- Confirm the rail appears in your Peanut account.
- Ask the recipient for the correct details: IBAN for SEPA, routing and account numbers for ACH, an 18-digit CLABE for SPEI, or a 6-digit sort code and 8-digit account number for Faster Payments.
- Check the minimum for that rail and keep enough balance for any currency conversion shown in the final quote.
How to withdraw to a bank account
Withdraw to a bank account
- 1
Open Withdraw
Open Peanut, tap Withdraw, and select Bank Transfer. You can also use Send, Send to friends, then Bank.
- 2
Choose the route
Select the bank-transfer option available for the destination and your account.
- 3
Enter the recipient's details
Enter the IBAN, routing and account numbers, CLABE, or UK sort code and account number. The account may belong to you or another recipient.
- 4
Enter the amount
Enter the amount to send. Peanut shows its dollar equivalent.
- 5
Review the transfer
Check the recipient, destination bank, local amount, exchange quote, and estimated arrival time.
- 6
Confirm
Confirm only when every detail is correct. Peanut then initiates the bank transfer.
Routes, timing, and minimums
| Route | Destination currency | Typical timing | Minimum | Cost |
|---|---|---|---|---|
| SEPA | EUR | 90% under 20 minutes; up to 1 business day | $1 equivalent | Included in the currency-conversion quote |
| ACH | USD | 1–3 business days | $1 | No Peanut fee or currency spread on the same-currency route |
| SPEI | MXN | Seconds, 24/7 | 50 MXN, about $3 equivalent | Included in the currency-conversion quote |
| Faster Payments | GBP | Typically under 15 seconds, 24/7 | £3 | Included in the currency-conversion quote |
These are route timings, not guarantees. Bank processing, business days, eligibility reviews, and incorrect recipient details can cause delays. Peanut shows the current destination amount and exchange quote before you confirm. Transactions above $100,000 equivalent may require additional information.
Your bank may impose its own transfer limits. Check the current limits for your account before sending. Wire is not a withdrawal route; it supports deposits only.
Which account can receive the transfer?
SEPA, ACH, SPEI, and Faster Payments can send to a supported third-party bank account. This differs from local ARS withdrawals and the first-party Pix cash-out route, which require the user's own eligible local account. For Brazil third-party payments, use the separate Pix-key payment flow rather than the Pix withdrawal route.
FAQ
How long does a bank withdrawal take?+
SEPA is typically under 20 minutes for 90% of transfers and can take up to one business day. ACH takes 1–3 business days. SPEI and Faster Payments typically settle in seconds.
What does a bank withdrawal cost?+
ACH in USD is a same-currency route with no Peanut fee or spread. SEPA, SPEI, and Faster Payments cross currencies, so review the all-in conversion quote before confirming.
What is the minimum bank withdrawal?+
The minimums are $1 equivalent for SEPA, $1 for ACH, 50 MXN for SPEI, and £3 for Faster Payments.
Can I withdraw to someone else's bank account?+
Yes, on supported SEPA, ACH, SPEI, and Faster Payments routes. Enter the recipient's bank details carefully. Pix cash-out and local ARS withdrawals follow separate own-account rules.
Can I use bank withdrawal from any country?+
No. Access depends on verified residence and account eligibility. UK residents cannot use Peanut bank rails, and New York residents are excluded from the relevant bank routes.
