How long will it take for my payout to be processed and credited to my account?
When requesting a payout from FundYourFX, please note that there is a specific deadline for submitting your payout request. The deadline is Friday at 8 AM UK Time. If you miss this deadline, your payout will not be processed until the following Friday.
After the payout request deadline, FundYourFX will check all the payout requests and perform an account scale-up until 5 PM UK Time on Friday. If your payout request was checked and approved, an invoice will be sent to the Finance Department on Monday at 8 AM UK Time for payment processing.
For the first payout, please note that it may take a bit longer since we have to onboard the trader in our payment system. Once your account is set up, subsequent payouts should be processed more quickly. We appreciate your patience and understanding during this process.
It's also important to keep in mind that the processing time for payout requests may vary depending on the bank you use. Different banks have varying internal processes, and there may be intermediary banks involved in the transaction. Additionally, payouts can take up to 10 working days to be processed due to global trader locations, banking regulations, and weekends when banks are closed. It’s recommended to allow sufficient time for the payout to be processed and received in your account.
To ensure the timely processing of your payout, be sure to submit your payout request by Friday at 8 AM UK Time. This will help ensure that your payout is processed as quickly and efficiently as possible.
After the payout request deadline, FundYourFX will check all the payout requests and perform an account scale-up until 5 PM UK Time on Friday. If your payout request was checked and approved, an invoice will be sent to the Finance Department on Monday at 8 AM UK Time for payment processing.
For the first payout, please note that it may take a bit longer since we have to onboard the trader in our payment system. Once your account is set up, subsequent payouts should be processed more quickly. We appreciate your patience and understanding during this process.
It's also important to keep in mind that the processing time for payout requests may vary depending on the bank you use. Different banks have varying internal processes, and there may be intermediary banks involved in the transaction. Additionally, payouts can take up to 10 working days to be processed due to global trader locations, banking regulations, and weekends when banks are closed. It’s recommended to allow sufficient time for the payout to be processed and received in your account.
To ensure the timely processing of your payout, be sure to submit your payout request by Friday at 8 AM UK Time. This will help ensure that your payout is processed as quickly and efficiently as possible.
Updated on: 09/05/2024
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