Bank withdrawals on fomo are processed through Spritz. When you initiate a withdrawal, the funds leave your fomo cash balance and are sent to Spritz for processing. Spritz then sends the funds to your bank.
There are two speed options. Fast withdrawals arrive the same day when initiated between 9 AM and 5 PM ET on a business day. Regular withdrawals take 1 to 3 business days. Weekends and holidays do not count toward business days.
Bank withdrawals are available for US bank accounts only and require identity verification before your first withdrawal. The minimum withdrawal amount is 5 dollars. Balances below that can only be withdrawn as crypto by choosing Crypto wallet in the Withdraw flow.