How can I cancel a withdrawal and what happens next?
If you’ve submitted a withdrawal request but need to cancel it, there are steps you can follow to request cancellation and understand what happens afterward. Below is a detailed guide to help you navigate this process.
Overview of Withdrawal Cancellations
A submitted withdrawal may be cancelable while it is still pending. Once the cancellation request is approved, the funds will be returned to your account via the same method used for the original withdrawal. Processing times may vary depending on the method.
Steps to Cancel a Withdrawal
Submit a Cancellation Request: Use the designated email channel or platform-specific method to request the cancellation of your pending withdrawal.
Review and Processing: Once your request is received, the payments team will review and process the cancellation.
Funds Return: After approval, the funds will be returned to your account. The time it takes for the funds to appear depends on the original withdrawal method.
Actions After Cancellation Approval
If your withdrawal cancellation request has been approved, you can still withdraw your funds by submitting a new withdrawal request. Follow these steps:
Initiate a New Withdrawal Request: Use the usual withdrawal process to submit a new request.
Choose a Withdrawal Method: Select your preferred method for withdrawing funds.
Processing Times: The time it takes to process your new withdrawal will depend on the method you choose.
Processing Times and Methods
The time required to process both cancellation and new withdrawal requests depends on the withdrawal method selected.
Ensure you check the specific processing times for your chosen method to plan accordingly.
By following these steps, you can effectively manage withdrawal cancellations and subsequent fund withdrawals.