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 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.
Iâll DM you to check the situation with your withdrawal 
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. Shouldnât this be quick?
A few hours so not long. I am just used to it being almost instantaneous.
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.
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 âManage Fundsâ > âWithdraw requestsâ. You can expect the funds shortly once the status is changed to âExecutedâ.
I wonder how many terrorists this pop up catches out and they admit to their intentions
Does T212 offer withdrawals in minutes if I need to instruct a sell to generate the cash? Or do I always have to wait for settlement? Iâve heard that itâs instant, but thatâs a lot different than other companies. Great if true!
For frequently traded stocks, settlement is instant and the money appears in your portfolio immediately. For less frequently traded stocks you may have to wait for a buyer in which case a new entry will appear in your Pending Orders list.
thanks for the reply. i think that might be something different though. is that cash available for withdrawal or only to trade again because the trade has been confirmed? other places tell me i have to wait for settlement to withdraw because of regulations, they havenât received the cash yet, and they wonât prefund it. i wonder if T212 is prefunding for withdrawals?
I have wondered this too and have asked previously. The response Iâve had back is that 212 will try and pay out earlier on a best efforts basis.
Suspect it all depends on the cash they have ringfenced for confirmed buys vs open sales as well, you canât always guarantee what will be there for large outflows.
All my withdrawals to Barclays have been in minutes but yesterdays still hasnât arrived.
Says 3 business days before I can contact them to chase. Always makes me nervous if not the same day.
did you have to sell something to generate cash so it might have to settle? Or was it already available cash?
been thinking more on this. if they let you have the cash before any sells have settled, itâs using other clientsâ cash and against the regulations. they canât do it just because the trade has confirmed and they know theyâll get the money. they actually have to receive it. i seriously doubt they prefund using their own cash. that would be a lot of money.
Trading212 withdrawal is unacceptably slow. Second day and Iâm waiting. Fix it,people want their money instantly. 3 daysâŚwhat a joke.
@ChrisDr can I ask, did you have to sell down anything to generate that cash or was it cash already sitting uninvested? Iâm also looking at timings for various companies
Donât know why this got a thumb down, I agree 100%. I would use T212 a lot more if I could rely on at least a 24 hour wait.
Because as youâll know @1anrs , markets do not settle on trade date. Some markets settle T+1, others T+2, and some T+3/4.
So when you agree to purchase a share in a company, your cash is reserved but the transaction does not complete until a day or few days later.
Same for sales.
212 from what I have seen appear to do some smart trade matching, so if you are selling stocks to withdraw, and someone is buying stocks, it does appear like theyâre trying to give us a better service by matching those funds and paying the withdrawal out earlier than itâs due.
Iâve not seen any of my other broker accounts do this - HL will wait until the sale is fully complete for example, before processing my withdrawal.
If they donât have any pending sales to raise cash, then perhaps theyâve been unlucky but all my withdrawals have either been in a next working day window or post settlement of my sales.
Ah, think we might be talking cross purposes then. Iâm talking about if it already is cash and yet it can take more than three days to arrive. Of course itâs different if it still has to settle.