Faster Withdrawals & Deposits

@Bogi.H

I have found this thread interesting.

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 wasn’t 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.

I’ll DM you to check the situation with your withdrawal :pray:

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How long did it take at the end?

Its a closed loop. You can only withdraw money to your own bank accounts, and the money originated from your bank accounts anyway. Shouldn’t this be quick?

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A few hours so not long. I am just used to it being almost instantaneous.

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What determines a fast transfer Vs a normal transfer?

As I mentioned earlier in the thread, I’ve 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.

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Cash arrived today (20 char limit)

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 ‘Manage Funds’ > ‘Withdraw requests’. You can expect the funds shortly once the status is changed to ‘Executed’.

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