sd2
Member of DD Central
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Post by sd2 on Jun 18, 2019 11:17:01 GMT
Money in 5 year market. At the moment income reinvested. Noted that on 5 year market regularly get capital repayments doesn't look like there is an awful lot of actual 5 year loans?
If I set to income and capital to withdraw do they simply take .6% off my capital? (Ignoring differences in interest rates).
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p2pete
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Post by p2pete on Jun 18, 2019 11:34:07 GMT
There is no fee for regular withdrawals. The repayments collect in the Withdrawal Pending section in your account and then are automatically paid into your bank account once per month.
The 0.6% fee only applies if you want to cancel your loans and withdraw.
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benaj
Member of DD Central
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Post by benaj on Oct 18, 2019 12:15:06 GMT
My latest withdrawal experience is great. Same day in the bank account, perfect!  |
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Post by propman on Oct 18, 2019 14:37:11 GMT
Works great for me!
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benaj
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Post by benaj on Nov 1, 2019 18:13:51 GMT
Now I learn withdrawal from selling loans in Flexible account would result an automatic 28 days matching ban in the Flexible market ANY market. EDIT: Thanks for ashtondav clarifying the 3 different withdrawal options on Lending works: Withdraw money, Cancel unmatched offers, sell loans. |
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ashtondav
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Post by ashtondav on Nov 4, 2019 7:39:54 GMT
That’s because you’re selling/cancelling, right? You’re allowed to withdraw capital and interest repayments, aren’t you?
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benaj
Member of DD Central
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Post by benaj on Nov 28, 2019 16:57:24 GMT
😀 Latest withdrawal time: same day FPS bank transfer.
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benaj
Member of DD Central
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Post by benaj on Feb 7, 2020 13:35:22 GMT
Latest weekly withdrawal speed: Same day.
Latest manual withdrawal speed: Same day.
7th Feb 2020
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Post by stevexxx on Feb 7, 2020 16:02:35 GMT
It works great, set auto-lending to off, ive set mine to be paid back into my bank account weekly and never had an issue though ive just set back to re-invest again now things have settled..
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benaj
Member of DD Central
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Post by benaj on Feb 21, 2020 18:17:09 GMT
Weekly Friday withdrawal is now in the bank account. Thank you.
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benaj
Member of DD Central
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Post by benaj on Feb 26, 2020 22:02:23 GMT
26th Feb: Manual withdrawal, received same day.
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benaj
Member of DD Central
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Post by benaj on Mar 13, 2020 15:35:36 GMT
Same day withdrawal for weekly and manual. 13th March. |
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criston
Member of DD Central
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Post by criston on Mar 19, 2020 19:46:19 GMT
I set up a withdrawal on 16/3/20.
Does anyone have any guidance on the current waiting time.
I guess it depends on both new invested funds, as well as how much of that is diverted to new borrowers.
Also do you get removed from the process after a certain time, like Zopa does.
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benaj
Member of DD Central
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Post by benaj on Mar 19, 2020 20:20:16 GMT
I set up a withdrawal on 16/3/20. Does anyone have any guidance on the current waiting time. I guess it depends on both new invested funds, as well as how much of that is diverted to new borrowers. Also do you get removed from the process after a certain time, like Zopa does. weekly automatic withdrawal usually arrives on Friday. Loan sale “usually” completes within 5 working days, some of my partner loan chunks were sold same day last week.
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