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How do I withdraw funds from my account?

How do I withdraw funds from my account?

What should I know before placing a withdrawal request?

Do I need to verify my withdrawal?

Typically, we return money using the same method it was received. For example, if you funded the account via cards you might need to refund them within the displayed limits.

We may let you withdraw your funds through an alternative method at our absolute discretion and may ask you to verify your source of funds beforehand.


Will my withdrawal require currency conversion?

A currency conversion is usually required if the currency of your withdrawal method differs to the currency held in your IG account.

If you do not wish for your funds to be converted when withdrawing, please send an email to payments@ig.com from your registered email address including the following:

  • Your IG account ID from which you wish to withdraw from. Your IG account ID is a five-character code that can be either alphabetic (like ABCDE) or alphanumeric (like CX17H).

  • Withdrawal Amount and Currency

  • Withdrawal Method

For more information on currency conversion fees please visit:


How does my account type affect my withdrawal?

Share Dealing and ISA Accounts


After selling your shares, the funds won't become available to withdraw immediately due to the required settlement period.

You must wait for the settlement period to complete before withdrawing funds.

Share Type

Settlement Period

When Funds Become Available

US Shares

T+1

One business day after selling your shares

All Other Shares

T+2

Two business days after selling your shares

US Options and Futures Accounts


Withdrawals from US Options and Futures accounts have specific cutoff times that must be observed for same-day processing.

Smart Portfolio Accounts


IG Smart Portfolio accounts have unique withdrawal processes and timeframes that differ from standard trading accounts.

Corporate Accounts


Verification rules for corporate accounts are the same as for personal accounts, but with important differences in withdrawal methods:

  • Withdrawals can only be made via bank transfer (not card or other methods)

  • Funds can only be sent to the registered corporate bank details


How do I make a withdrawal?

Please see how to withdraw funds from your IG account, assuming your request meets our requirements:

Withdrawals on desktop


Go to: My IG > Live accounts > Withdraw funds.

Withdrawals on Mobile


Open the app, click on 'account' at the bottom right of the app and select the account you wish to withdraw from, then click the 'Withdraw Funds' button.


How long will my withdrawal take to process?

After the settlement period, you can request a withdrawal. The following withdrawal processing times will apply:

  • Card/ApplePay: Withdrawals requested Monday to Friday (before 8pm) are processed the same day, however it can take up to 5 working days to receive the funds depending on your bank.

  • Bank transfer:

    • Bank withdrawals requested before 12 o'clock (UK time) on a working day should be processed the same day.

    • Domestic withdrawals less than 100 GBP are processed as BACS which can take up to 3 working days.

    • Domestic withdrawals greater than 100 GBP are processed as Faster Payments and should arrive the same day.

    • Currency and international withdrawals may take up to 3 working days or longer, depending on the receiving bank.

Note:

  • If your account balance is less than the stated minimum, you may still withdraw your entire available balance.

  • Maximum withdrawal limits for card payments reset at midnight UK time.

  • There are no maximum limits for bank transfers.

  • Actual receipt of funds may vary depending on your bank's processing times.


What are the minimum and maximum withdrawal amounts?

Withdrawal Method

Minimum Amount

Maximum Amount

Card/ApplePay

£100

£20,000 per day (Maximum resets at midnight UK time)

Bank transfer

£100

No limit

Note: If your account balance is less than £100 and you have no open positions/working orders, you may withdraw any available amount.


Are there any fees for withdrawals?

We won't charge you any processing fees for withdrawals. Any bank fees or charges would be from your bank or their intermediary bank. We cannot avoid or refund bank-imposed fees.

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