Minimum and maximum withdrawals
The minimum and maximum withdrawal amounts vary depending on your chosen deposit method. The table below explains the amounts for each payment option:
|Payment option||Limits (£/€)|
|Open Banking||£/€10 minimum, no max|
|Visa debit card||£/€10 minimum, no max|
|Solo / Maestro card||£/€10 min, limited to deposit amount for some cards|
|MasterCard / Eurocard||£/€10 min, limited to deposit amount for some cards|
|Neteller||£/€10 min, no max|
|Skrill||£/€10 min, no max|
|Bank Transfer||£/€20 min, no max|
|Trustly||£/€40 min, no max|
|PayPal||£/€10 min, £/€5.5k max|
Closed loop system
Smarkets operates a closed loop system for withdrawing funds. This means If you have deposited by a particular payment source, you will need to withdraw to the same source.
If you have used more than one deposit method, you would need to withdraw to the level of the net deposits on each before being able to withdraw more than you’ve deposited on either.
Each potential withdrawal method will show the maximum you’re allowed to withdraw on the withdrawal page.
Please note: For certain Mastercard and Maestro payment methods withdrawals are limited to an amount equal to the net deposit from the card, profit will need to be taken by a different method.