Following the change in UK interest rates by Trading 212, I made my largest cash withdrawal to date from my invest account.
Unlike other withdrawals which have been instant, this time I got a weird pop-up asking me to confirm that I wasnât planning to fund terrorist activities(!) and the money has not yet arrived at its destination.
I do hope the funds arrive tomorrow as I need them for other commitments.
Its a closed loop. You can only withdraw money to your own bank accounts, and the money originated from your bank accounts anyway. Shouldnât this be quick?
What determines a fast transfer Vs a normal transfer?
As I mentioned earlier in the thread, Iâve noticed withdrawals are slower rather than faster recently.
Is it something I am doing, the method of withdrawal perhaps? Or waiting on clearance of funds from a sale perhaps? I requested a withdrawal yesterday and it is still currently sitting in requested withdrawals with the ability to cancel.
Withdrawals take up to 3 business days to process. You will receive an email and an in-app notification as soon as your request is executed. This is where the improvements we discussed come into play - previously, the timeframe from execution to receiving funds took a few days. With these improvements, this timeframe is now significantly shorter.
On a side note, the status of withdrawal requests can be checked under âManage Fundsâ > âWithdraw requestsâ. You can expect the funds shortly once the status is changed to âExecutedâ.