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How do I withdraw funds from my Credit Karma Money Save account?

SOLVEDBy Credit KarmaUpdated June 13, 2023

If you’re interested in withdrawing funds from your Credit Karma Money Save account and sending them to your connected bank account, you may do so through the following steps:

  1. Access your Credit Karma Money Save account
  2. Select Withdraw
  3. Enter the desired amount under Withdrawal amount
  4. Select Withdraw after making your selections
  5. On the confirmation screen, make sure all the information is correct and choose Confirm to complete your withdrawal request

You may not exceed $10,000.00 in daily transaction activity nor $50,000.00 in monthly transaction activity. 

Are there any fees to withdraw funds?

No, no fees, not ever.

How long does it take for my funds to arrive in my bank account?

Any withdrawn funds usually arrive in your connected bank account in 1-3 business days, but funds may take longer to become available in your external account balance depending on your financial institution. 

If the withdrawal shows as complete on your Credit Karma Money Save account but you do not yet see the funds in your external bank account, please check with your financial institution to find out when the deposit will become available. 

Are there limits to how many withdrawals I may make?

Yes, there is a limit of six withdrawals per statement period.

Any canceled withdrawals won’t count towards that limit. We’ll let you know if you’re nearing the monthly limit. 

This limit is imposed under Regulation D of the Federal Reserve Act limits the maximum number of withdrawals or transfers you can make from a savings account within a monthly statement period. After you have made six withdrawals or transfers within a month, you will not be able to make additional withdrawals or transfers out of your savings account until your next statement period.

*Banking services provided by MVB Bank, Inc., Member FDIC.

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