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Fiat Wallet - GBP Fiat Wallet Withdrawals via Faster Payment Service (FPS)
Fiat Wallet - GBP Fiat Wallet Withdrawals via Faster Payment Service (FPS)

Everything about GBP withdrawals via Faster Payment Service (FPS)

Ezra avatar
Written by Ezra
Updated over a week ago App users in the UK can now easily deposit and withdraw GBP using Faster Payments Service (FPS).

Note: Withdrawals to STARLING BANK LIMITED are currently unavailable.

How do I withdraw my funds?

For regulatory reasons, you can only withdraw to the same bank account(s) that you used to deposit the funds to Withdrawals to third-party payment processors are not supported.

Users are required to have at least one successful GBP deposit via FPS to the App before we can transfer GBP funds back to the same account.

Please follow the steps below to sell crypto to Fiat:

  1. Open the app

  2. Tap on "Accounts"

  3. Select "Fiat Wallet"

  4. Select "Sell Crypto"

  5. Select the cryptocurrency you'd like to convert to Fiat.

  6. Select the 'Cash' option.

  7. On the Fiat Wallet window, you can enter the amount you wish to convert. (If you tap on the field where you enter the amount, the app will suggest the maximum amount you can sell.)

  8. You will see a confirmation window showing the actual current value of the coin in fiat money for 15 seconds. Please pay attention to that window as it shows the amount of fiat money you are getting for the coin at that time.

Please follow the steps below to initiate a withdrawal request:

  1. Go to the App, go to "Accounts", open the Fiat Wallet and tap ‘Transfer’ → ‘Withdraw’ → ‘GBP’.

  2. Select the GBP balance and tap ‘Withdraw GBP’.

  3. Review the submission process and withdrawal limits, and tap ‘Withdraw Now’.

  4. Input the withdrawal amount and select the bank account that you are withdrawing the funds to.

  5. Review and confirm the withdrawal request.

How long does it take for funds to arrive in my bank account?

We will notify you once the withdrawal is processed. Please allow 2 to 4 business days to review the request, and 1 business day to process the transfer. The funds will appear in your bank account shortly after.

Withdrawal Limits


£70 minimum withdrawal per transaction

Accumulative Maximum

Daily £100,000 (24-hour rolling)

Monthly £500,000 (30-day rolling)

What is the fee to withdraw funds from my GBP Fiat Wallet? does not charge fees for GBP withdrawals via FPS, but your bank may apply a processing fee. Please contact your bank should you have any questions about specific fees and charges.

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