Auto-withdrawal enables you to automatically withdraw money from your VoguePay wallet to a Bank account when a certain threshold is reached. To enable auto withdrawal, all the fields must be correctly filled for auto withdrawal to take effect. Also indicate the amount and Bank details.
NOTE: You can only auto withdrawal the money in your wallet that have matured. For you funds to mature, it takes 48hrs for local transaction and 7 days for international transactions.
- Auto Withdrawal Days define the number of days the system will wait before triggering your withdrawal.
- Auto Withdrawal Minimum defines the amount triggered for auto withdrawal whenever the funds in your account reach that minimum amount. For example, if you set your Auto Withdrawal Minimum to be N1000, the system will continuously check:
(a) Have the funds in your account reached the minimum level for withdrawal of N1000?
(b) Are the funds matured for withdrawal?
- Bank Account for Auto-Withdrawal is the bank you would want your Auto Withdrawal payment to be remitted to.