Stop forcing withdrawals on credit cards

Dear T212 team,

Withdrawals on credit cards make no sense in the majority of cases.

If an investor typically would fund his/her credit card, would typically take months or even years till they wish to withdraw their funds in addition to potential profits.

Typically users depositing with credit cards would often deposit lump sums exceeding their regular spend. Withdrawals would result in excess credit which: may be rejected, cannot be transferred to bank accounts, or incur significant cash advance fees to be withdrawn or transferred from a credit card to cash/current accounts.

Kindly consider this suggestion in a framework which would allow compliance with AML and prioritize debit cards or bank transfers over credit cards in your system for withdrawals.


3 posts were merged into an existing topic: Withdrawal when funding with multiple credit/debit cards