rscal
Posts: 985
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Post by rscal on Oct 24, 2018 12:57:47 GMT
I'm doing my first withdrawal at present from the GBBA for a test amount (I've also just webcatted with the online assistance) I can see the amount decreasing 'in real time' from which I could estimate by when this will be fulfilled. If it was a larger amount it would take longer. Anyone got much experience with withdrawals, how long these take and - bearing in mind the 'real time' transferring of the proceeds is there a [let's call it] 'spiltage of interest-bearing based on the time when a holding changes hands/value as a result of withdrawal/investment? I ask that because of those 20 decimal places that appear against all amounts - which whould allow more fine-grained accrual rates than just daily - perhaps to the minute [1440 per diem]?. Thnx
I imagine that if I were the only person requesting withdrawal at a particualr time then my request could be potentially instantaneously 'matched' to current investment flow [assuming that was 'normal'] Does my 'size' of holding make any difference also, I wonder.
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Post by hammertime on Oct 25, 2018 12:22:10 GMT
Get in touch with there chat line you might even get a decent answer. Well you can live in hope.
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rscal
Posts: 985
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Post by rscal on Oct 27, 2018 15:21:09 GMT
Get in touch with there chat line you might even get a decent answer. Well you can live in hope. They were indeed helpful. It appears from their answers they do split interest [which makes sense] Sales proceed quite quickly. I did a second - larger - withdrawal yesterday and it was done in a hour or so, coverving hundreds of 'sales'. I see that there is a 'fee' mentioned against each one but it always shows at zero through the long list so I assume it generally does not apply. There was a bit of an over-withdrawal, I think, so the next question is along the lines of: 'are withdrawals rounded up or exact in practice'? I also learned that you could cancel a withdrawal request at any time part way through being fulfilled just as you can start to invest at any time, or cancel/amend it at any time.
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SteveT
Member of DD Central
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Post by SteveT on Dec 3, 2018 17:02:21 GMT
For the first time, I’ve just received an AC withdrawal the same day (requested around 9am this morning, paid into my account by Faster Payments this afternoon)
The confirmation email now says “A request was recently made to withdraw funds from your Assetz Capital account. This request has now been processed and if your bank supports Faster Payments, amounts will normally arrive the same day, however some transactions may take longer.”
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number5
Member of DD Central
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Post by number5 on May 20, 2019 16:38:18 GMT
How long does it take for the money to be in your bank account after making a withdrawal request from your Cash Account/QAA?
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rscal
Posts: 985
Likes: 537
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Post by rscal on May 20, 2019 17:05:31 GMT
How long does it take for the money to be in your bank account after making a withdrawal request from your Cash Account/QAA? Should be in your bank account the same working day if you submit a request before the 12 noon 'cutoff', after which it seems to be the following working day.
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Post by hammertime on May 21, 2019 15:23:06 GMT
I'm doing my first withdrawal at present from the GBBA for a test amount (I've also just webcatted with the online assistance) I can see the amount decreasing 'in real time' from which I could estimate by when this will be fulfilled. If it was a larger amount it would take longer. Anyone got much experience with withdrawals, how long these take and - bearing in mind the 'real time' transferring of the proceeds is there a [let's call it] 'spiltage of interest-bearing based on the time when a holding changes hands/value as a result of withdrawal/investment? I ask that because of those 20 decimal places that appear against all amounts - which whould allow more fine-grained accrual rates than just daily - perhaps to the minute [1440 per diem]?. Thnx
I imagine that if I were the only person requesting withdrawal at a particualr time then my request could be potentially instantaneously 'matched' to current investment flow [assuming that was 'normal'] Does my 'size' of holding make any difference also, I wonder.
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Post by hammertime on May 21, 2019 15:24:16 GMT
Really you should be investing for the long time not taking your money out  |
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number5
Member of DD Central
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Post by number5 on Jun 25, 2019 18:07:07 GMT
How long does it take for the money to be in your bank account after making a withdrawal request from your Cash Account/QAA? Should be in your bank account the same working day if you submit a request before the 12 noon 'cutoff', after which it seems to be the following working day. I made a withdrawal this morning at 9.30am. Was expecting the funds to be in my bank account by now, but nothing. Made one last week at around 8.30 and that was in my account by around 5pm
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Post by Ace on Jun 25, 2019 19:25:55 GMT
I initiated a withdraw at 20:12 on Saturday; it reached my bank account at 17:25 today (Tuesday). Supposedly a faster payments transfer!
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star dust
Member of DD Central
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Post by star dust on Jun 25, 2019 19:46:28 GMT
There was a notice on their site today saying they were having issues with their bank (Barclay's) and that withdrawals were taking longer than usual. Maybe too reminiscent of Lendy  , but the notice has gone now and a withdrawal I made bright and breezy Monday arrived in my account late afternoon ..... Phew.... |
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number5
Member of DD Central
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Post by number5 on Jun 25, 2019 20:18:20 GMT
That's odd...my request would have been there when both of your withdrawals were processed today, yet I got nothing!
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Post by Ace on Jun 25, 2019 20:29:26 GMT
That's odd...my request would have been there when both of your withdrawals were processed today, yet I got nothing! Although your request was present it would have been behind us in the queue. It's a fairly safe bet that your money will appear tomorrow.
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alanh
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Post by alanh on Jun 25, 2019 20:40:01 GMT
I withdrew money yesterday and it arrived today
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n
Member of DD Central
Yet another Nick
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Post by n on Jun 26, 2019 7:57:55 GMT
I withdrew money at 8:53 yesterday and it hasn't arrived (8:57 today)
Edit: It arrived at 15:35 today (so nearly 31 hours). I think that is about what it would have been before it got 'faster', so no need to panic.
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, but the notice has gone now and a withdrawal I made bright and breezy Monday arrived in my account late afternoon ..... Phew.... 