What does the different withdrawal statuses mean?

What does the different withdrawal statuses mean?

A withdrawal can have different statuses. 

Status Description
Pending
It means that the withdrawal is being processed and that the funds have not been transferred yet to your bank account.
Completed
The withdrawal has been completed and the funds were successfully transferred to your bank account.
Canceled
It means that the withdrawal has not been completed and the funds were not transferred to your bank account.