We understand that the USD withdrawal process to India is frustrating.
Indian banks do not provide insight into the FX rate, levy high fixed costs, and have cumbersome documentation requirements. This leads to a longer turnaround time before the money settles in your domestic account.
We are launching Withdrawal 2.0 to solve these issues!
Advantages of Withdrawal 2.0
Withdrawal 2.0 is an add-on to Vested Direct. It provides the following advantages:
- No fixed fees (save up to $46 in fixed fees compared to international wire)
- Faster processing (Withdrawal processed within 2 business days)
- No paperwork (you no longer need a SWIFT copy before your local bank releases your funds)
Your funds get deposited in your Vested Direct account within two business days.
Some things you should know
- Withdrawal 2.0 works with your Vested Direct account
- This means that it will only work if your Vested US brokerage account was previously funded using your Vested Direct account
Vested Direct is our fund transfer feature offered in conjunction with SBM Bank.