Summary of causes and remedies for withdrawal refused by XM [unable to withdraw].

In this article.XMThis section explains what to do if a withdrawal is refused by a

What to do if your withdrawal is refused by XM

If a withdrawal is refused by XM, the reasons are as follows

This is explained in turn.

Designated banks that cannot withdraw money from XM.

Withdrawals cannot be made to certain banks and to banks that do not have a SWIFT code.

It is best to check with the bank you want to use to see if they have a SWIFT code.

SWIFT codes are numbers allocated to various Japanese financial institutions and identify banks. [You can find out the SWIFT code from the SWIFT Code List or by searching the web using keywords such as [bank name + SWIFT code].

SWIFT for Japanese financial institutions.You can also check the list of codes at a glance, but be aware that the information here is not up-to-date and may not be accurate.

Note the withdrawal amount for those who deposited by credit card.

XM has a rule that [deposits and withdrawals must be made in the same way]. Therefore, if you deposit by credit card, you have to withdraw to your credit card, but credit card withdrawals are limited to [an amount equal to the amount deposited].

Some may consider this to be [withdrawal denied], but it is possible to withdraw the remaining amount withdrawn to your credit card to your bank account.

Withdrawals cannot be made by methods that do not have a deposit history.

XM has a rule against money laundering, which states that, in principle, withdrawals must be made in the same way as the deposit was made.

If the money is deposited by credit card, it is debited to the credit card; if the money is deposited from a bank account, it is debited to the bank account.

For information on how to deposit money with XM (XMTrading), see the following article.

Tried to withdraw money to a financial institution not in their name.

Please note that if the name registered with the financial institution with which you are withdrawing funds is not your own, you will not be able to withdraw funds.

Please note that withdrawals may not be possible if there is an error in the alphabetical name, for example, if the money is sent to a bank account in someone else's name.

If [the name you registered with XM] and [the name you registered with your financial institution] are different in the first place, you can contact XM Japanese customer support to have your XM registered name changed.

For information on how to contact XM Japanese customer support, see the following article.

The address registered with XM and the address registered with the bank are different.

Note that withdrawals cannot be made if the address registered with the destination bank is different from the address registered with XM.

It is common for people to change their address due to moving house or getting married, but [they] have not changed the address of the bank they use.

In this case, you can change your bank's registered address and apply for withdrawal again to XM.

For more information on how to change your XM address, see the following article.

 https://foreveryoungnews.com/summary-of-how-to-change-your-xm-address

Withdrawals at banks that do not support international bank transfers

Withdrawals cannot be made to Mizuho Bank (net branch), Japan Post Bank, Japan Net Bank, Jibun Bank, Shinsei Bank and Seven Bank, which do not support international bank transfers.

If you only have an account with one of these banks, you will need to open a new bank account.

XM reliability and safety.

In foreign exchange trading, no matter how much profit you make, it is meaningless if you cannot withdraw your money.

In this respect, XM's greatest strength is that it is a safe and secure international forex broker.

XM has been in operation since 2009 and has operated stably for more than 10 years. While new brokers come and go, XM continues to provide a stable service and its operational track record is trustworthy enough.

 

XM has opened more than 3 million new accounts in 2021. The number of accounts opened is growing at a tremendous rate compared to other companies.

XM is probably the most popular overseas forex account used by Japanese.

We often hear rumours of [withdrawal refusal] and [unfavourable contract] in the international FX community. If you cannot withdraw your money after you have earned it, there is no way out.

However, there are virtually no such rumours about XM.

Many people say that they have actually [been able to withdraw their deposits and profits from XM].

XM withdrawal successfully completed ^_^.

- Nittiti (@nittiti14) January 7, 2020

https://twitter.com/sumomomomohouse/status/1511506699525718016

I was able to withdraw the money, leaving 20,000 w
I even mask my xm account lol. pic.twitter.com/YYY3ZBZ20oZ

- Tanu (@JsohF5) October 11, 2019

XM I withdrew my money earlier.
Arrived already😊.
I'm not just going to take a commission.
I know you have😊 pic.twitter.com/nirTYFi5dN

- FX GOLD Zone Rangeman BTC Stock (@jTC9gFRjWdnDDBO) June 11, 2021

summary

This article explained what to do if a withdrawal is refused by XM.