If you're using the outlet finance app then you might want to know how to withdraw your money right? I started using outlet finance last month as an alternative high yield savings account. Outlet finance lets you withdraw your money at any time, without any fees or penalties. The only downside when withdrawing your money is it isn't instantly. You have to wait about 5 business days for your money to hit your bank account. Now they have announced they have a faster transfer time that will be live soon.
Outlet Finance like any other new platform comes with some sort of risk. While the risk also being according to the person's risk tolerance. Outlet is a financial institution that converts our physical dollars into digital dollars. Then using the digital dollars for different alternative high yield money market accounts that are over collateralized. Which guarantees the lender and users which is us our capital. I have received 3 interest payments so far, every 7 days you will receive an interest payment. You will see your interest payment automatically put into your account you won't have to do anything.
#outletfinance #outletfinanceapp #mikethainvestor
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