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| Image Source: GrabPay.com |
How do I transfer money from Grab wallet to bank account? What is the best way to withdraw money from my Grab pay wallet to my bank account? Since you are here, it is obvious you are looking for ways to transfer your money from grab pay wallet to your bank account. You have come to the right place. Here, you will learn how to withdraw money from grab pay to your bank account.
Grab Pay is a licensed e-money wallet used to make payments online, shop online, transfer money, and earn rewards. The platform is available in in Southeast countries such as the Singapore, Cambodia, Malaysia, Indonesia, the Philippines, Thailand, and Vietnam.
Sometimes when you earn rewards from your Grab pay, it is necessary to cash out your money. There is no doubt many users have challenges transferring their monies from Grabpay to their bank accounts. It is for this reason we have done enormous research and have come out with some of the best ways to cash out Grab pay in Malaysia, Indonesia, Philippines, Singapore and others. Keep reading to discover how to withdraw from Grab wallet to your bank account.
How to Withdraw Money from Grab Pay to Bank
To withdraw money from Grab pay to your bank account, follow the instructions provided below:
- Log in to your GrabPay account. If you are new to the platform, then download and install the app from Google or Apple store and create your Grab wallet account
- Once you have installed the app, log in to your account with your credentials
- On your Grab homepage, tap on the "Finance" tab
- Click on the "Transfer" feature
- Enter the amount of cash you wish to transfer
- Choose the transfer method you wish. There are various platforms or accounts to transfer your money to; you can transfer to your another bank account, your already PayNow-linked bank account, E-wallet or another Grab Pay wallet.
Once you have successfully withdrawn from your Grab Pay wallet to your bank account, your money should be deposited in your bank account within minutes or seconds.
Read also: How to Earn USD in Malaysia
It is important to note that before performing any transaction on Grab pay, you will need to first of all complete your identity verification on the app. There are several ways to do this. You can verify via MyInfo or by submitting an identity verification form. Once you have successfully completed your verification, you can now proceed to set up your GrabPay Pay pin.
FAQs about withdrawing from Grab wallet account
Answers to some of the popular asked questions about withdrawing from Grab wallet to your bank account
How do I transfer money from Grabpay to my bank account?
To transfer money from Grab pay to your bank account, follow the steps below:
- Log in to your Grab Pay account
- Navigate to "Payments" on your dashboard
- Choose "Bank Account" as a method of transfer from the available methods
- Choose the account type you wish to transfer your cash to
- Enter how much cash you wish to send
- Enter your pin to complete the transaction
Once you are done with the steps above, a confirmation text should be sent to you indicating the status of your transfer
Can I top up my Grab pay wallet online?
Yes, you can top up Grab wallet online. To do this , follow the instructions below:
- Log in to your Grab Pay account
- Click on the "Payments" located on the navigation bar
- Click on online banking
- Choose how you wish to top up your wallet
- Once you reach this step, you will be redirected to your online banking page. Follow the remaining instructions to top up your Grab wallet account
Why can't I transfer money from Grab Pay to my bank account?
There are several reasons your GrabPay money transfer could not be processed:
- Make sure you have enough funds in your Grab pay account
- Ensure your bank account is linked to your Grab Pay account
- The only available methods to top is your GrabPay wallet are auto top-up, credit card, or debit card, and online banking
- Make sure you have also validated your information
Can I transfer money from Grab pay to another Grab wallet?
Yes, you can send money from one Grab pay to another Grab account. Log in to your Grab Pay account, navigate to Payments or transfer tab. Choose "Grab wallet" as your transfer destination. Follow the remaining steps to send money from your Grab Pay account to another Grab wallet.
Conclusion
Sending money from GrabPay to your bank account is an easy and simple process. All you need to do is to link your accounts together and follow the instructions provided in this article. We hope that after going through this article, you should understand how to withdraw money from Grab Pay to bank account.
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