Sending Money From Your Yeeld Account
Understanding the different ways to send funds using your Yeeld account, including external transfers, internal movements, and currency exchanges
Sending money from your Yeeld account is flexible and straightforward. You can transfer funds in several ways depending on your needs. Here’s a breakdown of the different methods:
1. Sending Money Externally from Your Yeeld Account:
Your main Yeeld account, which will be in GBP, allows you to send funds to a third-party account domestically or internationally.
- How to Send Money Externally:
- Go to the 'Accounts' tab and select your main GBP account.
- Tap the 'Send' button.
- Enter the recipient’s bank details, including their name, sort code, and account number for domestic transfers, or SWIFT/BIC and IBAN for international transfers.
- Input the amount you wish to send and add a reference if needed.
- Review the transaction details, including any fees that may apply, and confirm the payment.
2. Transferring Funds Internally Between Yeeld and Investment Accounts:
You can move money between your Yeeld account and any investment accounts you hold, such as ISAs, GIAs, or SIPPs.
- How to Transfer Funds to Investment Accounts:
- Navigate to the 'Portfolio' section.
- Select the investment account (e.g., ISA, GIA, SIPP) you wish to fund.
- Choose the amount to transfer from your Yeeld account.
- Confirm the transfer details and proceed.
3. Sending Money to Another Account Outside of Yeeld:
You can transfer funds from your Yeeld account to another bank account you own outside of Yeeld.
- How to Send Money to Another Account:
- In the 'Accounts' tab, select your GBP account or the relevant currency wallet.
- Use the 'Send' feature to enter the external bank details for your other account.
- Complete the transaction by confirming the details.
4. Transferring Funds Between Your Yeeld Currency Wallets:
You can move money between different currency wallets within your Yeeld account using the 'Exchange' feature.
- How to Use the Exchange Feature:
- Go to the 'Accounts' tab and select the currency wallet you want to exchange from.
- Tap the 'Exchange' button.
- Choose the target currency wallet you want to transfer funds to.
- Enter the amount you wish to exchange.
- Review the exchange rate and any associated fees, and confirm the transaction.
By understanding these options, you can easily manage and send money using your Yeeld account, whether externally, internally, or between your currency wallets.