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Withdraw or Terminate Card: Which is better?
Withdraw or Terminate Card: Which is better?

This article is a guide to help you understand withdrawal and termination fro. your card.

Mosope avatar
Written by Mosope
Updated over a week ago

Withdrawing your card balance means simply taking out all the money that is left on the card leaving behind the minimum card balance. Once this is done, the card remains active because of the minimum balance on it, but it cannot be used to make purchases till funded.

Terminating the card means closing the card altogether. This means that the card will be canceled and you will not be able to use it again.

Card Withdrawal

Card Termination

Your card will remain active

Your card will no longer exist

Your card can still be funded and used at any time

You would be required to create and fund a new card

The total amount withdrawn is sent to your USD Wallet

The total amount in the card is sent to your USD Wallet

This requires a minimum card balance to ensure the card is kept active

This does not require a minimum card balance

PS: You can only create 3 cards if you keep terminating the cards.

If you are only planning to take a short break from using the card, then withdrawing may be the best option. This is because you can always fund and use the card later if you need to.

However, if you are sure that you will never use the card again or you need to create another one, then terminating it is the better option.

Is there a limit for withdrawal on the card?

  • Yes. You need to leave at least $1 on your card when initiating a withdrawal to keep your card active.

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