How long do withdrawals take?

  • Updated

We know that when you request a withdrawal, you want to know exactly when the money will reach your bank account. At InvestEngine, we aim to make the process simple, transparent, and timely,  there are a few steps involved which can affect how long it takes.

The typical timeline

Here’s what happens after you request a withdrawal:

  1. Selling your investments
    If you’re withdrawing from an invested portfolio, we’ll sell your ETFs during our next daily trading cycle (you can read more about when we trade here).
    • If your request is received before 2pm (UK time) on a working day, your investments will usually be sold that same day.
    • If it’s after 2pm, the sale will happen the next working day.
  2. Settlement period
    Once sold, ETF trades take 2 working days to settle. This is standard across most investment platforms.
  3. Transfer to your bank account
    Once the sale has settled you can request the withdrawal and we’ll send the funds to your nominated UK bank account. This usually takes 1 additional working day, depending on your bank.

We aim to handle everything as efficiently as possible, but we also prioritise doing things properly and securely.

Total time: typically 3–4 working days

So, from the time of your request to the time funds land in your account, it typically takes:

  • 3 working days if you submit your request early on a weekday
  • 4 working days if it’s after the 2pm cut-off

What if my portfolio has uninvested cash?

If your withdrawal is coming from uninvested cash (not invested in ETFs), there’s no need to sell any assets, so we can process your withdrawal more quickly, usually within 1 working day.

Read more about managing cash in your account here

Things to keep in mind

  • Withdrawals are only made to your linked and nominated UK bank account
  • You can request a withdrawal at any time through the app or web dashboard
  • We don’t charge for withdrawals

Need to withdraw from an ISA or SIPP?
Check out our guides to ISA withdrawals and SIPP access for more detail- each account type has its own rules and tax implications.


 

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