Withdrawing Funds: Methods & Requirements
Non-IRA account holders can withdraw any portion of their available balance at any time directly through the GoldSilver platform. IRA account withdrawals must be processed through your IRA custodian — see the IRA Account Withdrawals section below.
How to Request a Withdrawal
- Log into your account
- Navigate to Account > Balances/Activity
- Select Withdrawal
- Choose your withdrawal method
Withdrawal Methods
Bank wire – $25 fee
- Fastest option: Funds typically arrive within 24 business hours
- Setup requirement: New bank accounts require a 48-hour activation period after wire instructions are added
Check – Free
- No fee: Mailed to any verified address via standard mail
- Processing time: Checks are processed once per week and typically arrive in 5-10 business days
Important: AML Withdrawal Requirements
To comply with Anti-Money Laundering (AML) regulations, withdrawals must be returned using the same method and to the same bank account used for the original deposit.
This means:
| How You Funded | How You Must Withdraw |
|---|---|
| Check | Check or wire |
| ACH or Wire Transfer | Wire to the same bank account |
| Multiple bank accounts on file | Must return to the specific bank account used for the deposit |
Key rules:
- Funds must be returned to the same bank account used for the original deposit. If that bank account has since been closed, please provide proof of closure when contacting support.
- The bank account must be held in the same name as your GoldSilver account.
- These requirements ensure compliance with federal Anti-Money Laundering (AML) regulations.
If you have questions about which withdrawal method applies to your account, contact our support team.
IRA Account Withdrawals
For IRA accounts, withdrawals must be processed directly through your IRA custodian — not through the GoldSilver platform. Tax and penalty considerations: Depending on your IRA type (Traditional or Roth) and your age, withdrawals may be subject to income taxes and/or early withdrawal penalties. Penalties typically apply to distributions taken before age 59½. To initiate a withdrawal, contact your IRA custodian directly. If you're unsure who your custodian is, contact GoldSilver support and we'll help you find out.