How to Withdraw via Wire Transfer— Wise

This article guides you step-by-step on how to withdraw USD from your Backpack Exchange account directly to your Wise Bank account using a SWIFT wire transfer.

Overview

Item	Details
Currency	USD via SWIFT
Minimum Withdrawal	100 USD
Processing Time	Typically 1–5 business days

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Prerequisites

Ensure you have:

• ✅ Wise USD Balance with account details enabled

• ✅ Available USD balance in Backpack Exchange

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Step-by-Step Guide

1. Log in to Backpack and Open Withdrawal Menu

• Log in to Backpack.exchange.

• Click on Withdraw

• Select Cash (USD).

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2. Collect Your Wise Receiving Details

• Open your Wise account.

• In the Home tab, select your USD balance.

• Click Account details to view:

  • Account Number

  • Wire routing

  • SWIFT/BIC

  • Full legal name and address

  

• Copy these details for use in Backpack.

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3. Add Your Wise Bank Account in Backpack (First-Time Setup)

• In Backpack withdrawal modal, select "Select Recipient" → click Add Bank Account.

  

Field	Value (Example)
Country	(Exactly as on Your Wise account)
SWIFT/BIC	(Paste from Wise)
Account No.	(Paste from Wise)
Name	(Exactly as on Wise account)
Address	(Exactly as on Wise account)

• Click "Add Bank Account" to save.

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4. Submit Your Withdrawal

• Enter the amount you wish to withdraw (Minimum: USD 100).

• Select the Sub-account you wish to withdraw from.

• Choose your saved Wise Bank account from the recipient list.

• Click Continue.

• Complete 2-factor authentication and confirm your withdrawal.

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5. Track Your Withdrawal

• Funds should arrive in your Wise account within 1–5 business days, minus any inbound fee charged by Wise.

• If funds are not received within 5 business days, contact Backpack Support with your withdrawal details.

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🎉 Success! Your withdrawal is now processing. Need help? Contact our support team at [email protected]. Remember to include your withdrawal details for quick assistance.