benaj
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Post by benaj on Jun 21, 2019 16:21:05 GMT
I have recently made an withdrawal on this platform. Very impressed with the processing time. As long as provided any withdrawal is made before 4pm weekday, money will be received it same day.  So, it is 2 steps same day process now. |
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benaj
Member of DD Central
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Posts: 5,591
Likes: 1,735
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Post by benaj on Feb 11, 2020 18:06:49 GMT
Latest withdrawal speed: Same day.
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Post by Ace on Feb 11, 2020 22:23:19 GMT
I'd echo that. I recently received a £6k withdraw on the same day it was requested.
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benaj
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Post by benaj on Feb 21, 2020 16:08:53 GMT
Same day withdrawal. ££££ 2020.02.21
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Post by gravitykillz on Mar 13, 2020 11:36:50 GMT
Same day withdrawals still possible? Thinking there could or probably is going to be a run on this platform.
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Post by Ace on Mar 13, 2020 12:48:29 GMT
Same day withdrawals still possible? Thinking there could or probably is going to be a run on this platform. I've just received an email from Loanpad that addresses this. It seems to me to be a very sensible position to take. They are essentially pausing new lending to allow incoming cash to be used for expected withdrawals.
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withnell
Member of DD Central
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Post by withnell on Mar 13, 2020 14:32:24 GMT
Same day withdrawals still possible? Thinking there could or probably is going to be a run on this platform. I requested a withdrawal from Classic account about 10:30, in cash at midday Requested cash withdrawal about 12:20ish, was in my account before 13:00
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Post by Ace on Mar 13, 2020 15:14:08 GMT
Same day withdrawals still possible? Thinking there could or probably is going to be a run on this platform. I requested a withdrawal from Classic account about 10:30, in cash at midday Requested cash withdrawal about 12:20ish, was in my account before 13:00 Me too. A high 4 figure sum withdrawn in the same time frame. Not connected to the current turmoil. A planned filling of ISA allowance elsewhere before the deadline. I'll be adding more funds to Loanpad when a property sale goes through.
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benaj
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Posts: 5,591
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Post by benaj on Mar 13, 2020 15:47:56 GMT
I requested a withdrawal from Classic account about 10:30, in cash at midday Requested cash withdrawal about 12:20ish, was in my account before 13:00 Me too. A high 4 figure sum withdrawn in the same time frame. Not connected to the current turmoil. A planned filling of ISA allowance elsewhere before the deadline. I'll be adding more funds to Loanpad when a property sale goes through. Me too. ££££ in the bank. I need money for filling my ISA as well. Loanpad deserves more stars on their Trustpilot. Keep it up.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Mar 13, 2020 16:11:21 GMT
I can't understand that. At 12.10 today there was no cash available to transfer out of my Classic a/c.
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benaj
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Post by benaj on Mar 13, 2020 16:19:44 GMT
I can't understand that. At 12.10 today there was no cash available to transfer out of my Classic a/c. Did you transfer it before 12.00 from Classic?
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Post by Ace on Mar 13, 2020 16:21:12 GMT
I can't understand that. At 12.10 today there was no cash available to transfer out of my Classic a/c. My transfer from Classic to Cash was executed at 12:02. Did you just miss the daily processing round that starts at 12:00 each day? EDIT: Crossed with benaj .
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Post by Ace on Mar 13, 2020 16:31:11 GMT
The Live Data Feed page shows that there is currently £129,706.40 of cash available. Not sure how "live" this data is though.
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benaj
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Post by benaj on Mar 13, 2020 16:33:31 GMT
The Live Data Feed page shows that there is currently £129,706.40 of cash available. Not sure how "live" this data is though. Pretty good at the moment considering the size of the 8.4 Mil loans outstanding in the loan book and average investment size.
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Post by gravitykillz on Mar 13, 2020 20:16:29 GMT
That is pretty impressive compared to the larger platforms. Well done loanpad!
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So, it is 2 steps same day process now.
