Colossus WILL NOT seek to charge you for any withdrawals made from your account.
However, customers making non-UK bank transfers may be asked to cover the processing fees when the cost of processing the withdrawal is higher than the amount being withdrawn.
If repetitive deposits and withdrawals are made without using our services, Colossus may ask you to cover the processing charges, which is only fair.
Colossus will always send the total withdrawal amount.
If your Colossus account is in a different currency, your payment provider will convert funds at their exchange rate.
You are advised to speak with your payment provider before raising a withdrawal as they may apply their own fees for processing the transaction.