Can My Savings Be Transferred back to my Bank Account? – Reel

Before you request to withdraw your savings, remember you always have the option to transfer your savings towards another item instead.

If you still wish to withdraw your funds, please keep in mind that only the funds that have cleared on your Reel will be able to be transferred back to your account, pending contributions need to clear first before being transferable. Also, please keep in mind credits, coupons, and contributions from friends can not be transferred back to your bank account.

To get started follow these simple steps:

STEP 1: You will need to transfer your savings from your Reel over to your Wallet, (pending savings can not be transferred over until they have cleared.)

STEP 2: Go to your Wallet, then select the "transfer back" link.

STEP 3: Confirm the amount you would like to transfer back to your bank account.

STEP 4: Select the banking source where you want your funds transferred. If you don’t have one connected, you’ll need to add a bank account or a debit card.

STEP 5: Once you have your banking source, choose how fast you want your funds to be transferred back (Instant or in 3-5 days, are only available when transferring back to your debit card). Then click on the "Withdraw Now" button.

After requesting your savings back to your bank account, your savings will be made available in your bank account within up to 3-5 business days.

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