Help centre / Deposits, conversions & withdrawals / 

Everything about withdrawals

How to withdraw funds in the app?
Simply tap on the “Withdraw” button in the corresponding currency account. If you’ve already made a bank transfer into your Lightyear account, your bank account is saved to your profile and you can withdraw without any extra steps. In case you’ve deposited using Apple/Google Pay or Debit card options, we don’t have your bank account details yet, so keep them at hand and the app will guide you through how to add them.
Can I send my funds to someone else’s account?
No, we only send your (or your business') funds to a bank account in the name of the Lightyear account holder.
How long can a withdrawal take?
Once requested, withdrawals may take up to 2 business days to be processed before being sent out to your requested bank account. Transfer times depends on the payout method and once initiated cannot be cancelled. For GBP, EUR, and HUF, your funds should typically arrive within the same banking day. For USD, your funds should typically arrive within 2 banking days after processing.
Can I withdraw the USD I have on my USD account?
USD withdrawals are available to local US bank details. Should you wish to withdraw USD to a US bank account, please contact our Support team below and include a document issued by your bank that includes your name as the account holder as well as the ACH routing number and account number. If you don’t have a local US bank account, you need to convert your funds to your local currency (GBP or EUR), which will have a FX fee of 0.35%, before placing a withdrawal request. (See "Fees and taxes").
Why won’t my withdrawal work?
  • If you don’t have your bank account in the currency you’re trying to withdraw connected to your Lightyear account. You'd need to either convert your funds before withdrawing or add a bank account first by making a deposit or if offered, tapping on “Create bank account” when withdrawing
  • You don’t have any funds in that currency but open positions only
  • Promotional/referral reward can only be withdrawn 30 days after having received it. See Lightyear Sign-up Promotion Terms and Lightyear Refer a Friend Terms
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