To make a withdrawal with Primefy, it is necessary to use a checking or savings account. Payment accounts are not enabled for this operation. Please ensure that you are using a valid checking or savings account when making a withdrawal with Primefy to ensure a successful transaction.
Learn more about each type of account
- Checking Account: A checking account is a bank account primarily used for daily transactions and common banking activities. It allows account holders to deposit money, write checks, perform electronic transfers, pay bills, and use debit cards linked to the account.
- Savings Account: A savings account is a bank account designed for saving money and accumulating interest over time. It typically offers interest on the balance held in the account, making it a popular choice for short-term and long-term savings goals.
- Payment-Type Account (or Payment Account): A payment-type account, also known as a prepaid or digital payment account, is an account used to facilitate electronic transactions but is not held at a traditional bank. It is often provided by fintech companies and non-bank financial institutions and is popular for online operations, purchases, and money transfers. Please note that this type of account is not allowed for withdrawals with Primefy.
Each type of account serves different financial needs and is chosen based on the account holder's financial goals and lifestyle. It's important to understand the characteristics and associated costs of each type of account when making financial decisions.
💡 If you want to learn how to add a bank account with Primefy, check out our comprehensive
article on the subject here.
If you have any additional questions, please feel free to contact Primefy's support team. We are ready to provide you with personalized assistance.