Choosing the mode of withdrawal

I currently have the option to deposit funds into my trading account through a credit card or through a bank transfer. For me, using a credit card seems to be the better option since the funds will be available on T212 much faster than if I do a bank transfer, and maybe it’s also a bit safer.

However, as soon as I deposit even 1€ with my credit card, this will be the only available mode of withdrawal should I want to withdraw some of my money. The problem is that I don’t spend a lot on my credit card, so having a large balance on my card would be impractical, and my bank charges 20€ for transferring a positive balance from my credit card to my bank account. Your 5€ fee for withdrawals via bank transfer seems more reasonable in comparison.

Therefore it would be nice if I could opt to receive my money directly onto my bank account even if I have used a credit card to deposit funds in the past.

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We’re flexible - be sure to reach us via our in-app chat. We will evaluate all options and offer a solution, if possible.

On a side note - we no longer have 5€ bank withdrawal fee.


Did this change recently? The fee was present a few days ago…


Definitely, the fee was there as recently as 10 days ago.

@tiberiu89 Yes, we removed it last week.


That’s awesome! I hope you will be able to maintain it that way!!


If I make a bank transfer to fund the account, in case I have already used a credit card and Google pay, how is the withdrawal method chosen? (latest method used?)

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The FAQ say the following:

  • If you have used a credit/debit card to fund your account, we will refund money to your card. If you have used more than one credit/debit card, we will automatically select one of them to refund your money.

Note: If you have used various payment options to fund your account, we will refund money to your credit/debit card.

I had asked their chat about this at some point and they confirmed that, if you have ever used a credit card to fund your account, this will be your only available mode of withdrawal.

But as @Tony.V said above, maybe there is some leeway if you contact them directly.


Hello! I have deposited few times from a same bank account but via “iDEAL” and I cannot see anything in my “Saved payment method” .
Is it also possible to withdraw via “iDEAL” (as I used for my deposits)?
If no , how should I proceed if I want to withdraw ?

@hami Sure thing - you’ll see iDeal upon withdrawal. Just keep in mind that it will be available only when your current location is in the Netherlands.


@Tony.V I made a withdrawal request today, but I didn’t see any option! Request was created and it is pending without asking anything. As you mentioned I expected to see iDeal as I am in the Netherlands. I only used iDeal for my deposits.
Do you know what’s supposed to happen now ?!

Yes, the withdrawal will be issued in your iDeal account.

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@Tony.V You were right! I received the money in my bank account I used via iDeal.
Something else to discuss ,I heard it is better to split up the money across multiple brokers to be safer and my main concern is withdrawal (especially after Brexit!). But generally specking, with Trading212 is there any long strict procedures or verification while withdrawing higher amount lets say 50,000 euros.
Shall I expect to withdraw such kind of amounts within 3 days a well?

Not at all. Regardless of the sum, the withdrawals are as smooth as possible. :money_with_wings: