Have you heard about the story of Midas?
Yes, the story of the wealthy Greek king of Phrygia where the phrase, “Midas touch” originated from.
Midas was a king who loved gold more than anything else.
One day, he was granted a wish by Dionysius, the god of wine. Midas asked the god for the ability to turn everything he touched into gold.
At first, it seemed like a dream come true—golden plates, golden furniture, golden everything. But soon, his joy turned to regret.
His food turned to gold before he could eat it, his drink became undrinkable, and worst of all, he accidentally turned his beloved daughter into a lifeless golden statue.
Sometimes, the things we think are treasures can quickly become burdens if they aren’t handled wisely.
Few years ago, the opportunity to save and invest money wasn’t as ubiquitous as it is today.
Access to tools like crypto and other investments has become a form of modern-day gold—valuable, versatile, and empowering. But even gold has its moments.
There are times we need to dial back, cash out, and focus on simplicity.
Whether it’s paying bills, meeting immediate needs, or reinvesting in new opportunities, having easy access to your money is as important as the investments themselves.
Imagine you were at a casino in Las Vegas playing blackjack where you’re only putting in chips but you’re not getting any money out.
That would frustrate you for sure.
At Palremit, we understand the value of your hard-earned money. That’s why we make withdrawing your Naira (₦) simple and practical, so you can use it for what really matters.
No unnecessary steps, no hidden fees—just smooth, reliable access to your funds when you need them.
So how can you get your money out?
How to Withdraw Naira (₦) to Your Local Bank Account on Palremit
If you need to urgently withdraw Naira (₦) from your Palremit account, follow these eight simple, practical steps.
1. Log in to Your Palremit Account
Start by logging in to your Palremit account. If you don’t have one yet, create an account—it’s quick and easy.
2. On Your Dashboard, Click Withdraw
Once you’re logged in, head over to Withdraw. This is where you can initiate transfers to your local bank account.
3. Choose Bank Account Withdrawal
You will be asked to specify whether you’re making a cash or crypto withdrawal.
Since this is a cash withdrawal, select Bank account to withdraw Naira to your local bank account.
4. Select NGN
Next, select NGN to make the withdrawal to any designated naira account of your choice.
5. Enter Your Receiving Bank Details
Provide the necessary details for your local bank account, including:
- Bank name; you can search for the bank your recipient uses.
- Account number; type in their account number.
Our system will automatically verify the account and bring up the name of the account holder. Be sure it matches the name of the person you are sending money to.
Double-check all the information you’ve provided to avoid errors.
6. Enter the Amount
Input the amount you wish to withdraw. Make sure it falls within your available balance.
💡Tip: You can save the recipient’s account as a beneficiary so you don’t have to enter their bank details the next time you are sending money to them.
Then select Continue to finalize your withdrawal.
7. Confirm the Transaction
Review the details of your withdrawal and confirm the transaction.
Then enter your four-digit transaction PIN to submit the transaction request.
8. Receive Funds in Your Bank Account
Once the transaction is processed, you’ll receive your funds in your local bank account instantly.
Note: Please send only Naira to a local naira account.
Tips for a Smooth Withdrawal
- Ensure your account details are correct to avoid sending money to the wrong account.
- Check your transaction limits and fees to plan your withdrawals better. If you haven’t completed your KYC, you will not be able to withdraw your money.
- Use Palremit to guarantee transparency and security.
Withdrawing Naira to your local bank account is straightforward and hassle-free.
Give yourself the financial accountability you deserve. Download the Palremit app on Google PlayStore or Apple Store to experience true financial freedom on the go. You can swap money between USDT and other local currencies, so you can start using your money without borders.
