{"id":27970,"date":"2024-07-01T03:29:42","date_gmt":"2024-07-01T03:29:42","guid":{"rendered":"http:\/\/anja"},"modified":"2024-07-01T03:29:42","modified_gmt":"2024-07-01T03:29:42","slug":"withdraw-funds-to-my-same-name-bank-account","status":"publish","type":"docs","link":"https:\/\/www.worldfirst.com\/nz\/help-center\/making-payments\/withdraw-funds-to-my-same-name-bank-account\/","title":{"rendered":"How do I withdraw funds to my same-name bank account?"},"content":{"rendered":"\n<div class=\"wp-block-columns has-background is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\" style=\"background-color:#8dd2fc3b\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>You can withdraw your WorldFirst balances into an external bank account. The owner of the account must be the same as the registered account owner at WorldFirst. Before you make the withdrawal, you&#8217;ll need to add your own account as a new payee and get verified.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-step-1-add-your-own-account-as-a-new-payee\"><span style=\"color: #ff0000;\"><strong>|<\/strong><\/span> Step 1 &#8211; <strong>Add your own account as a new payee<\/strong><\/h4>\n\n\n\n<ul>\n<li>In your WorldFirst dashboard, go to &#8220;<strong>Payees<\/strong>&#8220;<\/li>\n\n\n\n<li>Click on &#8220;<strong>Add a new payee<\/strong>&#8221; on the top-right corner<\/li>\n\n\n\n<li>Select &#8220;<strong>Single payee<\/strong>&#8220;<\/li>\n\n\n\n<li>In the next page, first select &#8220;<strong>My own account<\/strong>&#8220;. If you&#8217;re registered with WorldFirst as a business, you can choose &#8220;<strong>Corporate account<\/strong>&#8220;. If you&#8217;re registered as a sole trader and you&#8217;d like to withdraw funds to your personal account, please select &#8220;<strong>Personal account<\/strong>&#8220;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611034528470.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611034528470.webp\" alt=\"\" class=\"wp-image-32626\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>In the next page, select your account country and the currency you&#8217;ll receive payments in<\/li>\n\n\n\n<li>Next, enter your account information<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611035238245.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611035238245.webp\" alt=\"\" class=\"wp-image-32627\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>In the next step, you&#8217;ll be asked to verify with the Authy App or with an SMS message<\/li>\n\n\n\n<li>After the authentication, as WorldFirst needs to confirm that the account is your own, we&#8217;ll ask you to conduct a penny test<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611035338419.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611035338419-1024x509.webp\" alt=\"\" class=\"wp-image-32628\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>WorldFirst will send a small amount of funds to your bank account. Please go to your bank portal to check the amount sent and enter the amount into the WorldFirst portal<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611035438457.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611035438457-1024x632.webp\" alt=\"\" class=\"wp-image-32629\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>Your account will either be immediately approved, or we&#8217;ll let you know of the result in 24 hours. You&#8217;ll be able to see the account&#8217;s approval status under &#8220;<strong>Payees&#8221; &gt; &#8220;Same-name account<\/strong>&#8220;<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-step-2-initiate-a-withdrawal-to-my-own-account\"><span style=\"color: #ff0000;\"><strong>|<\/strong><\/span> Step 2 &#8211; <strong>Initiate a withdrawal to my own account<\/strong><\/h4>\n\n\n\n<ul>\n<li>Once your same-name account has been added and verified, go to &#8220;<strong>Payments<\/strong>&#8220;<\/li>\n\n\n\n<li>Click &#8220;<strong>Send &amp; withdraw<\/strong>&#8220;<\/li>\n\n\n\n<li>Select &#8220;<strong>single payee<\/strong>&#8220;, and select your own account as the payee<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611035620346.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611035620346.webp\" alt=\"\" class=\"wp-image-32630\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>In the next page, enter the amount you would like to withdraw<\/li>\n\n\n\n<li>Select if you&#8217;d like to send the payment now or schedule the payment for later. \n<ul>\n<li>If the payment is scheduled for later and a currency conversion is involved, we will default to booking a currency forward if the currency pair is supported<\/li>\n\n\n\n<li>If the currency pair is not supported for currency forward, your conversion rate will be the spot rate at the time of the transfer<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-columns has-background is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex\" style=\"background-color:#f78da83b\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>We support forward contracts in all G10 currency pairs, with a few additional European and South East Asia currencies if you are a UK, EEA, ANZ customer. Your final conversion rate may differ from the current spot rate depending on your scheduled time. We may also require an initial deposit from you a few days before the scheduled transfer time.<\/p>\n<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611093643889.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611093643889.webp\" alt=\"\" class=\"wp-image-32713\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>Next, you&#8217;ll be shown a summary of your transaction details. By clicking on &#8220;<strong>Confirm payment<\/strong>&#8220;, you&#8217;ll have completed a withdrawal to your account<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>You can withdraw your WorldFirst balances into an external bank account. The owner of the account must be the same as the registered account owner at WorldFirst. Before you make the withdrawal, you&#8217;ll need to add your own account as a new payee and get verified. | Step 1 &#8211; Add your own account as [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"doc_category":[30],"doc_tag":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How do I withdraw funds to my same-name bank account? | WorldFirst NZ<\/title>\n<meta name=\"description\" content=\"Discover the process of transferring your WorldFirst balances to an external bank account under the same ownership.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.worldfirst.com\/nz\/help-center\/making-payments\/withdraw-funds-to-my-same-name-bank-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How do I withdraw funds to my same-name bank account?\" \/>\n<meta property=\"og:description\" content=\"Discover the process of transferring your WorldFirst balances to an external bank account under the same ownership.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.worldfirst.com\/nz\/help-center\/making-payments\/withdraw-funds-to-my-same-name-bank-account\/\" \/>\n<meta property=\"og:site_name\" content=\"WorldFirst NZ\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611034528470.webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.worldfirst.com\/nz\/help-center\/making-payments\/withdraw-funds-to-my-same-name-bank-account\/\",\"url\":\"https:\/\/www.worldfirst.com\/nz\/help-center\/making-payments\/withdraw-funds-to-my-same-name-bank-account\/\",\"name\":\"How do I withdraw funds to my same-name bank account? 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