At Wallbit, we keep adding tools to make managing your foreign income as simple as possible. Now, you can not only withdraw funds to your own accounts, but also make local-currency transfers directly to third-party local bank accounts.
This feature is designed especially for anyone who needs to pay bills, service providers, or even rent and related expenses directly, without any intermediate steps. In this way, we protect your personal data and privacy.
In which countries can I make third-party transfers?
Local-currency transfers to third parties are available in:
Argentina (available only for PRO and MAX plans)
Brazil
Colombia
Peru
How does it work?
The process is as simple as any other withdrawal, but with the flexibility to choose a recipient and another person’s account. Keep in mind that there are minimum amounts required to make transfers: in Argentina, for example, the minimum is 2 USD.
Follow these steps:
Select “Send” from the main menu in the app.
Select the country.
Select your account in your local currency (pesos, reais, soles, bolivars).
Select “Third-Party Account” as the account type.
Select “New account”.
Fill in the recipient’s information:
Enter the person’s account number
Enter their first and last name
Enter their fiscal identification number
Enter their home address
Enter the amount and confirm the transaction.
That’s it! The amount will be automatically converted from USD to your local currency. Remember that the conversion is made at the exchange rate available on the platform at the time you confirm the transaction. You will see the exchange rate on the screen.
By paying a third party directly, such as an apartment owner or a service provider, you avoid moving money unnecessarily between your own local accounts, simplifying your cash flow and saving time.
Third-Party Withdrawal Limits
The basic third-party withdrawal limits are:
USD 3,000 per day
USD 6,000 per month
You can also check our article on how to request a limit increase.
If you need any further help or have any additional questions about the withdrawal process, feel free to contact our support team.