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.
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Our team members at Vested may own investments in some of the aforementioned companies/assets. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for an investor’s portfolio. Note that past performance is not indicative of future returns. Investing in the stock market carries risk; the value of your investment can go up, or down, returning less than your original investment. Tax laws are subject to change and may vary depending on your circumstances.
This article is meant to be informative and not to be taken as an investment advice, and may contain certain “forward-looking statements,” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “potential” and other similar terms. Examples of forward-looking statements include, without limitation, estimates with respect to financial condition, market developments, and the success or lack of success of particular investments (and may include such words as “crash” or “collapse”). All are subject to various factors, including, without limitation, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors that could cause actual results to differ materially from projected results.
This video is meant to be informative and not to be taken as an investment advice and may contain certain “forward-looking statements” which may be identified by the use of such words as “believe”, “expect”, “anticipate”, “should”, “planned”, “estimated”, “potential” and other similar terms. Examples of forward-looking statements include, without limitation, estimates with respect to financial condition, market developments, and the success of or lack of success of particular investments (and may include such words as “crash” or “collapse”.) All are subject to various factors, including, without limitation, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors that could cause actual results to differ materially from projected results.