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  1. FAQ
  2. Withdrawals
  3. Withdraw money

What are Xolo Go withdrawals?

Last updated: May 27, 2022

Withdrawals are funds paid from the Xolo Go business account to your personal bank account.

At the end of each month, all funds that are older than one month are paid out automatically. Under the Withdrawals section, you can choose the payout date (by default, it is the 26th). You are of course able to initiate the withdrawal before that date manually. Withdrawal payments are executed by Xolo within one business day.

If there is a reason that you need to keep the balance on your account for longer than a month, please reach out to our support team: support@xolo.io.

Note that technically you initiate the distribution of partnership profits. Thus, the taxation obligations arising from receiving the partnership profit are dependent on the regulations in the country that you are a tax resident of.

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