Withdrawing New Zealand dollars from Swyftx to your bank account is a straightforward process that you can complete in a few steps.

If it’s your first time withdrawing or you’re withdrawing to a new bank account, you'll need to first add a bank account to withdraw funds.

If you are trading via a personal account, you must withdraw to your personal bank account. If you are trading via an entity account such as a trust, company, or SMSF, you must withdraw to the bank account associated with that entity.

Processing times for New Zealand dollar (NZD) withdrawals will be temporarily increased for up to 3 weeks from Monday, 13 January 2025, 9am AEST. This temporary disruption is necessary as we will be performing maintenance on our NZD withdrawal process. During this maintenance period, all crypto withdrawals will be unaffected. We will provide you with an update as soon as possible once maintenance is complete.

How to withdraw New Zealand dollars

• App

  If your holdings are currently in crypto or US dollars, you must sell them into New Zealand dollars before withdrawing to your bank. Find step-by-step instructions in our help article Selling crypto.

  1. From the Dashboard, select Withdraw, then select New Zealand dollars.
  2. Select your bank account.
  3. Tap on Amount to withdraw to enter the amount you want to withdraw.
  4. Choose a reason for withdrawal.
  5. Select Withdraw.

  Withdraw New Zealand dollars

• Web

  If your holdings are currently in crypto or US dollars, you must sell them into New Zealand dollars before withdrawing to your bank. Find step-by-step instructions in our help article Selling crypto.

  1. Expand the side menu and select  Withdraw.
  2. Select New Zealand dollars from the list.
  3. Select an account from the list.
  4. If your account is not showing, refresh your screen or check that you have verified the bank account.
  5. Enter an amount or use the slider to choose the amount you want to withdraw.
  6. Choose a reason for withdrawal.
  7. Select Continue to submit the withdrawal.

  Withdraw New Zealand dollars

Withdrawal times

8 - 10 business days.

Limits

$30 NZD minimum withdrawal.

$50,000 NZD a day maximum withdrawal.

Limits include both cash and crypto transactions.

Fees for NZD withdrawals

$10 NZD.

Your financial institution may also charge a fee.

Verification

If your withdrawals are restricted, you may need to complete account verification.

If your account is not showing as a withdrawal address, refresh your screen or check that you have verified the bank account via SMS and email.

If you haven't received a verification SMS, check that we have the correct number in your Profile. If the number is correct, restart your mobile. If the SMS hasn't arrived after restarting, remove and re-add the withdrawal account.

If the Action Verification window doesn't display, check that you are not using any Adblockers on your device. Please add the withdrawal address on another browser or device if the issue continues.

Troubleshooting

Wise (formerly Transferwise) does not support transfers from cryptocurrency exchanges.

You cannot cancel an NZD withdrawal. If you enter the wrong bank details when creating a fiat withdrawal address, a withdrawal to those details will likely get rejected. We'll need to wait three business days for the withdrawal to bounce back before we can action anything further.