How to Withdraw Foreign Currency to Your Account on Vban (2026)

One of the most common questions new Vban users ask is: after I receive my international payment, how do I actually get the money into my local bank account?

The answer is two steps: convert your foreign currency balance to your local currency, then send it to your bank. Both steps are free on Vban, and the entire process takes under 5 minutes from start to finish.

Here is exactly how to do it.

How to Convert Your Foreign Currency to Local Currency

Before you can withdraw to your local bank, you need to convert your USD, GBP, or EUR balance to your local currency: NGN, GHS, XAF, XOF, or whichever currency your bank account holds.

1. Log into your Vban app.
2. On your home screen, navigate to the currency wallet you want to convert from — USD, GBP, or EUR.
3. Tap on the wallet to open it. You will see your total available balance in that currency.
4. Tap the “Convert Funds” button.
5. Enter the amount you want to convert. You do not have to convert your full balance — you can convert any portion.
6. Select the local currency you want to convert to. Vban supports NGN, GHS, XAF, XOF, and more.
7. The app will immediately show you the equivalent amount in your local currency at the current exchange rate. Review the rate before proceeding.
8. Tap “Continue” to confirm.

Your balance converts instantly and the conversion is completely free. 

Tip: You do not have to convert immediately after receiving a payment. Vban lets you hold your USD, GBP, or EUR balance until the exchange rate works for you. Many users monitor the rate and convert when it peaks, a benefit traditional domiciliary accounts do not offer. For more on this, see our guide on how to receive international payments in Nigeria.

How to Withdraw Foreign Currency to Your Local Bank Account

Once your balance has been converted to local currency, you are ready to send it to your bank account.

1. Go back to your Vban home screen.
2. Tap the “Send” button.
3. Select the local currency wallet you want to send from NGN, GHS, XAF, XOF, or whichever currency you just converted to.
4. Enter the amount you want to withdraw.
5. Select “Bank Transfer” as the transfer method.
6. Enter your bank account number and select your bank from the list. Vban supports transfers to any local bank in your country
7. Select the purpose of the transfer and add a narration if required.
8. Review all the details carefully:  account number, bank name, and amount before confirming.
9. Tap “Send” to complete the withdrawal.

Your funds are sent directly to your local bank account. Withdrawals are completely free on Vban.

How Long Does a Vban Withdrawal Take?

Most withdrawals to local bank accounts are processed instantly or within a few minutes. In some cases, depending on your bank and the time of transfer, it may take up to a few hours. If your withdrawal has not arrived after 24 hours, contact Vban’s support team via the in-app chat,  available 24/7.

How Much Does It Cost to Withdraw on Vban?

Nothing. Vban charges zero fees for converting foreign currency to local currency and zero fees for withdrawing to your local bank account. This applies to all supported currencies: NGN, GHS, XAF, XOF, and more.

The only fee on Vban is a low deposit fee when you receive an incoming international payment. Everything after that; conversion and withdrawal is completely free.

Frequently Asked Questions

How do I withdraw money from Vban to my Nigerian bank account? Convert your USD, GBP, or EUR balance to naira using the Convert Funds button in your currency wallet. Then go to the home screen, tap Send, select NGN, choose Bank Transfer, enter your account details, and confirm. The withdrawal is free and typically processes instantly.

Is it free to withdraw from Vban to a local bank? Yes. Vban charges zero fees for local currency withdrawals. There are no transfer fees, no conversion charges, and no hidden costs. The only fee Vban charges is a low deposit fee on incoming international payments.

How long does a Vban withdrawal take? Most withdrawals process instantly or within a few minutes. In some cases it may take up to a few hours depending on your bank. If your withdrawal has not arrived within 24 hours, contact Vban support via the in-app chat.

Can I send money to any bank in Nigeria on Vban? Yes. Vban supports transfers to all CBN-registered banks in Nigeria. You can send to GTBank, Access Bank, Zenith, UBA, First Bank, and any other local Nigerian bank.

Do I have to convert all my foreign currency balance at once? No. You can convert any portion of your balance, there is no requirement to convert everything at once. Many users hold their foreign currency and convert in stages based on the exchange rate.

Start Withdrawing for Free Today

Receiving international payments on Vban is only half the story. The other half; converting to your local currency and withdrawing to your bank account is completely free, takes under 5 minutes, and works for any local bank in Nigeria, Ghana, Cameroon, Ivory Coast, Senegal, and across Africa.

If you have not yet set up your Vban account, start with our guide on how to open a USD, GBP & EUR account on Vban and complete your KYC verification to unlock full access.

Download Vban on the App Store or Google Play and get started today.

Last modified: June 16, 2026