How To Withdraw Money In Etrade

E*TRADE withdrawal at a glance

Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. To do that, first you have to withdraw money from your broker account.

That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee.

So how does E*TRADE fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from E*TRADE and how E*TRADE's withdrawal fees and options compare to some of its close competitors.

E*TRADE withdrawal fees and options snapshot
	E*TRADE	Charles Schwab	Fidelity
Bank transfer	Yes	Yes	Yes
Credit/debit card	No	No	No
Electronic wallets	No	No	Yes
Withdrawal fee	Free ACH withdrawal, but wire transfers cost $25.	Free withdrawal, but wire transfers cost $25.	Free withdrawal, but wire transfers in other than USD costs 3%.

How to withdraw money from ETRADE
ETRADE withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and E*TRADE is no exception.

However, bank transfer is the only withdrawal option available at E*TRADE, putting it at a slight disadvantage over brokers that also offer withdrawal to credit/debit cards or electronic wallets.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at E*TRADE and it took us 2 business days, which is considered fairly average.

To withdraw money from E*TRADE, you need to go through the following steps:

Log in to your account
Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
Enter the amount to be withdrawn, and, if prompted, a short reason or description
Submit your request

Please note that you may only withdraw money to accounts that are in your name.

How to withdraw money from ETRADE
ETRADE withdrawal fees

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions.

We have good news for you: basic withdrawal at E*TRADE is free of charge. See the table below for details and possible exceptions, as well as how E*TRADE compares with some of its immediate competitors.

E*TRADE withdrawal fees
	E*TRADE	Charles Schwab	Fidelity
Domestic bank withdrawal	Free ACH withdrawal, but wire transfers cost $25	Free ACH withdrawal, but wire transfers cost $25	Free withdrawal
International bank withdrawal	$25 per withdrawal	$25 per withdrawal	Free withdrawal in USD, but withdrawals in other currencies cost 3%
Credit/debit card withdrawal	Not available	Not available	Not available
Electronic wallets withdrawal	Not available	Not available	Not available

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How to withdraw money from E*TRADE
Bottom line

E*TRADE withdrawal is free of charge in most cases. However, you can only do it via bank transfer; other convenient options such as withdrawal to credit/debit cards or electronic wallets are missing.

To see how E*TRADE's withdrawal fees and options stack up against the rest of the brokerage market, check out our broker comparison tool.

Author of this article

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

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