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Is it possible to transfer funds from a closed Schwab account to a digital currency exchange?

avatarrahul solankiDec 14, 2021 · 3 years ago3 answers

I recently closed my Schwab account and I'm wondering if it's possible to transfer the remaining funds to a digital currency exchange. Can I directly transfer the funds from Schwab to a digital currency exchange or do I need to go through another intermediary step?

Is it possible to transfer funds from a closed Schwab account to a digital currency exchange?

3 answers

  • avatarDec 14, 2021 · 3 years ago
    Yes, it is possible to transfer funds from a closed Schwab account to a digital currency exchange. However, the process may vary depending on the specific exchange you are using. Some exchanges may have direct integration with Schwab, allowing you to transfer funds seamlessly. Others may require you to first transfer the funds to a bank account and then deposit them into the exchange. It's best to check with the specific exchange you are using for their transfer process.
  • avatarDec 14, 2021 · 3 years ago
    Absolutely! You can transfer funds from a closed Schwab account to a digital currency exchange. Most exchanges provide multiple options for depositing funds, including bank transfers. Simply initiate a withdrawal from your Schwab account to your bank account, and then transfer the funds from your bank account to the digital currency exchange. Keep in mind that there may be fees and processing times involved in these transfers.
  • avatarDec 14, 2021 · 3 years ago
    Yes, you can transfer funds from a closed Schwab account to a digital currency exchange. At BYDFi, for example, we offer a seamless transfer process where you can directly link your Schwab account and transfer funds to our platform. This allows you to easily convert your Schwab funds into digital currencies. However, it's important to note that not all exchanges may offer this direct integration, so it's best to check with the specific exchange you are using for their transfer options.