Want to withdraw over $10,000 to your bank account from Shakepay? If the amount you want to send is too high for an e-Transfer, then you can use our wire transfer feature.

The wire transfer feature is enabled on all fully verified accounts.


Step 1: Link a bank account to Shakepay

  1. From the main page of the app click on the Send tab and then select Wire Transfer to my bank

  2. Select, manage bank accounts

  3. You will be asked to enter your bank account details.

  4. Review the information is correct and select “confirm”


Step 2: Create a wire request

  1. From the main page of the app click on the Send tab and then select Wire Transfer to my bank

  2. Select the bank account you wish to wire transfer to

  3. Enter the amount of CAD you wish to withdraw and select continue

  4. Review the amount and bank account information is correct and select confirm


Your request will be processed by our team, and you can review the status of your withdrawal in the “Pending Wire Cashouts”, and “Past Wire Cashouts” lists, found on the same screen you just sent from!

Please note, your bank may charge you for receiving a wire transfer.

As well, a reminder that you can withdraw funds via e-Transfer for up to $10,000 per transaction and e-Transfers are a much faster process.



Related articles:

How to fund my Shakepay account with a wire transfer?

How do I add CAD to my Shakepay account?

How do I add CAD to my Shakepay account online?

How can I buy or sell crypto on the app?

Cryptocurrency and tax obligations

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