Withdrawing from Savings
Access your savings anytime.
No Lock-Ups
Your savings are always accessible:
- Withdraw anytime
- No penalties
- No notice required
- Keep earning interest until you withdraw
How to Withdraw
Step 1: Open Your Vault
Go to Savings and select the vault.
Step 2: Click Withdraw
Tap Withdraw or Transfer Out.
Step 3: Enter Amount
Enter how much to withdraw:
- Enter specific amount
- Or tap to withdraw all
Step 4: Choose Destination
Where to send the money:
- Wallet - Instant, for spending
- Bank account - 1-2 days
Step 5: Confirm
Review and confirm the withdrawal.
Withdrawal Speed
| Destination | Speed |
|-------------|-------|
| ClapPay wallet | Instant |
| Bank (standard) | 1-2 business days |
| Bank (instant) | Minutes (fee applies) |
Interest on Withdrawal Day
When you withdraw:
- You keep interest earned up to that day
- Interest stops on withdrawn amount
- Remaining balance keeps earning
Limits
| Limit | Amount |
|-------|--------|
| Per transaction | $50,000 |
| Daily | $50,000 |
| Monthly | No limit |
Partial Withdrawals
You can withdraw any amount:
- Take what you need
- Leave the rest earning interest
- No minimum balance required
Closing a Vault
To withdraw everything and close:
- Open the vault
- Click Withdraw All
- Funds move to wallet
- Vault closes automatically
Or keep the empty vault for future savings.
Related Articles: