We are happy to introduce a new and amazing withdrawal option for our existing and approved clients – ABFX Prepaid MasterCard. Now you can spend your trading profits instantly without withdrawing to a bank account. Withdrawals have never been easier!
When you withdraw from your ABFX trading account the funds are added to your card instantly as they are deducted from your trading account.
With the ABFX Prepaid card you can pay online, in-store or you can simply withdraw your funds from ATM.
You can check your balance, view your trading history and most importantly top up your card with funds by logging into your cardholder online banking tool.
A Forex account tends to have limits on how you can withdraw money because they don’t have physical banks. Having a Forex linked bank card allows you access to your money on a card that works just like your standard debit card. You can also access all of the money on the card at an ATM.
In order to be a debit card, the card must be backed by a company such as Visa, MasterCard, or American Express. This means that your money is guaranteed not to be stolen out of your account. If it is, they will replace the money.
Using a debit card that is connected to your brokerage account can fix this. While not instantaneous, transferring money to a debit card that is linked with your account can be done in 2 hours to 2 days. This shortens the 4 to 6 days waiting period that some institutions have.
Here are the charges and fees associated with your new ABFX MasterCard:
|Charges & Fees||Amount|
|ATM Cash Withdrawals: (Max. withdrawal $400)||*Flat fee $3.00|
|Non-Financial Transaction/ Decline/ ATM balance enquiry/ Incorrect PIN||€/$ 0.40|
|A Monthly Card Account Administration Fee will be charged under the following circumstances:|
|-12 months of inactivity||€/$ 5.00|
|-24 months of inactivity||€/$ 10.00|
|Annual Card Fee:||€/$ 5.00|
|Minimum Balance:||€/$ 10.00|
|Replacement of Lost PIN or Closing of Account with Return of Balance:||€/$ 30.00|
|Online balance enquiry/ Statement request and SMS Notification of transaction:||Free|