moist
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Post by moist on Oct 13, 2016 6:30:29 GMT
so depositing money to Bridgecrowd takes 10 minutes.....but how long to withdraw? 3 days so far
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Post by gaspilot on Oct 13, 2016 7:24:30 GMT
so depositing money to Bridgecrowd takes 10 minutes.....but how long to withdraw? 3 days so far IIRC mine have always been the same or next day.
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SteveT
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Post by SteveT on Oct 13, 2016 7:33:15 GMT
I withdrew some interest last week. Took a couple of days but not too bad.
ps. If your deposit was processed in 10 minutes then you were lucky with your timing. They're normally done twice a day, notionally noon and 6pm but I've found it's usually more like mid-afternoon and mid-evening. Sometimes it can be faster when a big loan has just launched.
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Post by marc77 on Oct 16, 2016 22:55:22 GMT
I withdrew some interest last week. Took a couple of days but not too bad. ps. If your deposit was processed in 10 minutes then you were lucky with your timing. They're normally done twice a day, notionally noon and 6pm but I've found it's usually more like mid-afternoon and mid-evening. Sometimes it can be faster when a big loan has just launched. My experience matches this exactly.
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moist
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Post by moist on May 5, 2017 7:06:14 GMT
so this time, withdrew £5000 a week ago....and nothing! No reply to emails either. Piss up in brewery springs to mind
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SteveT
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Post by SteveT on May 5, 2017 7:51:20 GMT
so this time, withdrew £5000 a week ago....and nothing! No reply to emails either. Piss up in brewery springs to mind Strange. I made 2 small withdrawals of interest earlier this week and both arrived the next day (each with a confirmation email). Is your's a standard UK bank account?
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moist
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Post by moist on May 5, 2017 8:52:31 GMT
yep, and 2nd time its happened...no one in today who can answer my query.....
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Steerpike
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Post by Steerpike on May 5, 2017 9:15:10 GMT
I have made 8 withdrawals in the last year and none has taken more than a couple of working days at most.
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Post by thebridgecrowd on Jun 5, 2017 13:37:47 GMT
Hi All,
Our timings are as follows;
Sending Funds to your E-wallet:
When you send funds reach our bank account, we will process those funds x3 a day on working day at the following times - 0930 / 1300 / 1800.
We may do half hourly on Fridays (when we send out most deals)
Funds sent over the weekend are processed by Monday 9.30am
Withdrawing Funds:
Withdrawals are processed at 1830 each working day and will be with you the same working day via faster payments if the amount is under £25,000. For amounts over £25,000 it may take up to 3 working days to clear via BACS. Should you need the money sooner then we can do a same days Chaps for a cost of £18.
If you are new investor that sends funds but then does not invest and then requests to withdraw the money then the funds may take up to 5 days to arrive. This is due to our ML, KYC and anti-money laundering process which dictates that we have to undertake additional precautionary measures.
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michaelc
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Post by michaelc on Mar 23, 2018 22:52:51 GMT
Hi All, Our timings are as follows; Deposits: Deposits are processed x3 a day on working day at the following times - 0930 / 1300 / 1800. We may do half hourly deposits on Fridays (when we send out most deals) Deposits made over the weekend are processed by Monday 9.30am Withdrawals:
Withdrawals are processed at 1830 each working day and will be with you the same working day via faster payments if the amount is under £25,000. For amounts over £25,000 it may take up to 3 working days to clear via BACS. Should you need the money sooner then we can do a same days Chaps for a cost of £18. If you are new investor that sends funds but then does not invest and then requests to withdraw the money then the funds may take up to 5 days to arrive. This is due to our ML, KYC and anti-money laundering process which dictates that we have to undertake additional precautionary measures. . Unfortunately that isn't the case. It might be the case on some days but not always. I requested a withdrawal on Thursday evening of less than 25K. So I should have received the cash before Friday 20.30. I have neither the cash nor an email explaining any delay. Come on Platforms! You might be great. You might have full FCA authorisation but please be consistent in all your procedures and processes. Could you imagine a bank sometimes taking a few hours for something and sometimes a few days or a week depending on when they could be bothered to process a request? For all their faults, they have fixed processes and they stick to them. You need to too !
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tx
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Post by tx on Mar 24, 2018 10:14:53 GMT
I’d totally withdrawn my funds and no longer investing with BridgeCrowd any more due to this inconsistent banking facility. The deposit is always faster then withdraw, this asymmetric treatment always frustrate me. The withdrawal with BC is the worst among all platforms I used.
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KoR_Wraith
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Post by KoR_Wraith on Mar 24, 2018 11:09:18 GMT
Usually takes a couple of days for withdrawals to arrive back in my bank. Certainly not the quickest, but hardly so long as to put me off using a platform.
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SteveT
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Post by SteveT on Mar 24, 2018 11:26:41 GMT
I usually receive requested withdrawals the same day, but then I usually wait until the morning of a normal business day to make the request. Most times, the withdrawal is then processed late afternoon or early evening. I imagine it's a process that Louis has to approve personally.
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