To see the available balance for your selected currency, go to the Funding page of your account. The maximum withdrawal amount for each currency will be shown in the Amount column.
A common mistake is to use the full Trade Balances shown on the Overview page. This is the combined value of all the assets in your account and not necessarily the available balance for your chosen withdrawal currency.
For example, if you are looking to withdraw USD to your bank account, then you must have USD in your Kraken balance. If you do not have USD in your account, you will need to trade any of your existing currencies to USD. Once the trade is closed, you will be able to withdraw USD to your bank account.
If you are trying to withdraw to a bank that is not located in one of the supported regions, you will be prevented from saving these banking details.
Our Funding Providers may, at their own discretion, deny funding to certain geographical locations without prior notice. As this is outside of Kraken’s control, we are not able to process any withdrawals that do not comply with their regulations.
To resolve this, please follow these instructions:
- Add a sign-in 2FA to your account. You can add sign-in 2FA by selecting your name in the upper-right corner and clicking security.
- Contact our Support team to let us know this security feature has been added.
In most cases, these errors will be shown if you already have an open ticket with Kraken Support. Please check your email account (including your spam folders) and respond to the latest email from Kraken support with reference to the error and also let us know that you have the added sign-in 2FA. Once you have replied to the email, a Kraken Support specialist will respond to let you know once the lock has been removed.
If you cannot find an email from Kraken Support in your inbox, please submit an Account Access request and let us know that you have a ‘null’ or ‘withdrawal’ error and that you have now added sign-in 2FA.
(1) Your routing number is not FedWire capable.
Kraken does not currently support ACH bank transfers for deposits. Make sure that you are entering a FedWire account and routing numbers and not an ACH account and routing numbers.
(2) You have reached the limit of two bank accounts.
You are only able to have two domestic USD accounts on profile for withdrawals.
All withdrawal bank accounts must have a unique description; you cannot use the same description, even if it's for two different currencies or funding methods. This applies across our different banking partners and different transfer methods: Bank Transfer; CHAPS; EFT; FPS; SEPA; SIC; SWIFT; and FedWire, as well as crypto wallets.
For example: If you have a Euro (SEPA) withdrawal account called "My bank", you cannot add additional withdrawal addresses for Euro (SWIFT); Canadian Dollar (EFT); US Dollar (FedWire); etc. also called "My bank".
To prevent these errors from occurring, you can modify the description to "My bank New", "My bank EFT", "My bank_2", etc.
You may be required to provide one or more of the following documents:
- US government-issued ID such as passport, driver's license, etc.
- Face Photo
- Proof of Residence document
- Social Security Number (SSN)
SEPA: The "Invalid BIC" error when trying to carry out EUR SEPA withdrawals usually means that your bank is not part of the network of SEPA reachable banks or is located outside the SEPA zone (e.g. Turkey, Kosovo, etc.). A full list of SEPA reachable BICs can be found by clicking here (PDF file).
You may also check if your bank is SEPA-reachable by entering your IBAN on a validator such as ibancalculator.com. In addition, this will help you verify that the IBAN´s checksum is correct (i.e. the IBAN is valid) and that you are providing the relevant BIC.
If your bank is part of the SEPA network but you still get the “Invalid BIC” error, this could mean that withdrawals to your bank are restricted because past withdrawals have frequently been rejected or returned. Please contact Support for more information.
For clients using our default SEPA withdrawal option with Fidor AG:
There are certain rare instances where the first two letters of the IBAN do not match the 5th and 6th character in the BIC. This is typically seen with banks or branches of banks located in overseas regions, such as Isle of Man and Réunion. Unfortunately, our funding provider Fidor AG cannot process such transfers due to technical reasons. InCore or Bank Frick may be available as withdrawal options depending on your location. If this does not resolve your issue, please contact Support.