KUARIO Withdrawal Process and Fees
When you find yourself in need of withdrawing funds from your KUARIO account, it's essential to understand the withdrawal process and associated fees:
Automated Withdrawals:
Conditions:
- Automated withdrawals are only possible on the latest top-up.
Fee Structure:
- A withdrawal incurs a fee of 3.5% of the withdrawal amount, with a minimum fee of €0.50.
Examples of Withdrawal Costs:
- For a €10.00 withdrawal, the fee is €0.50, resulting in a net amount of €9.50.
- A €20.00 withdrawal incurs a €0.70 fee, leaving the user with €19.30.
- Even for a €5.00 withdrawal, the €0.50 fee applies, resulting in €4.50 received.
Manual Withdrawals:
Conditions:
- Manual withdrawals become necessary when the account balance exceeds the latest top-up, often due to credits received from another KUARIO user via the "transfer" function.
Fee Structure:
- For manual withdrawals, a fixed fee of €2.50 is applicable.
Example of Manual Withdrawal:
- If your account balance is €50.00, and your last top-up was €30.00, you can request a manual withdrawal of the €20.00 surplus. The withdrawal fee will be €2.50, resulting in a net amount of €17.50.
Initiating Manual Withdrawals:
- To initiate a manual withdrawal, users should send an email to withdrawal@kuario.com.
Important Notes:
- All fees mentioned will be deducted from the withdrawal amount.
- For the latest and most accurate information on fees and withdrawals, users are advised to refer to KUARIO's official documentation.
Understanding the automated and manual withdrawal processes, along with associated fees, ensures users can manage their KUARIO account effectively while making informed decisions about their funds.