The following fees apply when withdrawing via CAD bank wire:
- Withdrawals $25,000 CAD or under: $50 CAD bank wire processing fee applies
- Withdrawals above $25,000 CAD: Free
Important things to note:
- To complete a wire request withdrawal, users must provide Netcoins with beneficiary bank details in the form of a direct deposit slip, void cheque, or bank wire instruction form.
- Banks typically charge a fee to their customers for bank wires. It is the user’s responsibility to inquire directly with their own banks about any potential fees for receiving bank wires.
- Netcoins will deduct any applicable bank wire processing fees from a user’s withdrawal amount before sending the net amount to the user’s bank if the minimal no fee withdrawal threshold is not met.
- Netcoins bank wire processing fees are charged on a per transaction basis.
- In the case that an account has to be closed due to a compliance or the account holder's decision, Netcoins will return the amount originally funded with wire to the user. Netcoins reserves the right to charge up to $100 CAD as a bank wire processing fee before the net amount is returned to the user.
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Please note that we are no longer supporting incoming and outgoing USD currency wires for Canadian users.