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How to Deposit or Withdraw funds from IG?


ArvinIG

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Dear IG Community !

We would like to provide you with information on Payments on your IG Platform.

Please find below general information on the different payment methods that IG accepts for deposits and withdrawals.

All this information are available on My IG > Live accounts > Deposit/Withdraw funds

⚠️

  • Please keep in mind that for Anti-Money Laundering purposes if you are using different methods to deposit and withdraw funds you may need to verify you card/ bank account.
  • All time frames are in business days, weekends and public holiday may delay a payment.
  • For further information reach out to our Helpdesk.

 

For UK (more details here) :

 

Methods

Deposits

Withdrawals*

Cards

Execution Time: Immediate

Cost :
- Debit : Free
- Credit: Free Mastercard/Visa

Minimum: £250

 

Execution Time: 3-5 business day

Cost : Free

 

Bank transfer

Execution Time : 1-3 business day

Cost : Free

Execution Time: 1-3 business day

Other : Same-day sterling payment (CHAPS): £15 (Over £100 is free of charge)

 

 

PayPal

Execution Time: Immediate

Cost : Free

Minimum : £250

(Supported currencies: GBP, USD, EUR, SGD, AUD, CAD, CHF, DKK, HKD, JPY, NOK, SEK, SGD)

Execution Time: Within 1 business day

Cost : Free

 

*If you are withdrawing with a different method that you deposited your funds with, you may be asked to verify your deposit made to IG. To do so, please send a Bank Statement showing your Bank name and logo, your name and address and the transaction showing the deposit made to IG. You can upload that document on My IG > Live accounts > Verification

 
For Australia (more details here) :

 

Methods

Deposits

Withdrawals

Cards

Execution Time: Immediate

Cost :
- Debit : Free
- Credit: 0.5% Mastercard, 1%Visa

Minimum: A$450

Execution Time: 3-5 business day

Cost : Free

 

 

Bank transfer

Execution Time : 1-3 business day
Cost : Free

 

Execution Time: 1-3 business day
Cost : Free

Other : Same day bank transfers in Australia incur a A$15 charge (If requested before 11am (AEST).Minimum withdrawal of A$2000.For A$ withdrawals to Australian bank accounts only)

 

 

BPay*

Execution Time : 1-2 Business days

Cost : Free

Minimum: A$10

 

 

Bank withdrawal

Cost : Free

PayPal

Execution Time: Immediate

Cost : 1% charge.

Minimum : A$450

(Supported currencies: AUD, USD, HKD, GBP, EUR)

Execution Time: Within 1 business day

Cost : Free

 


*As BPay payments are encrypted you may be asked to verify your deposit in order to withdraw your funds. Please send a Bank Statement showing your Bank name and logo, your name and address and the transaction showing the deposit made to IG. You can upload that document on My IG > Live accounts > Verification


We hope that you find this information useful. If you have any question, please feel free to ask on this post in the comment section ( feel free to tag @ArvinIG, @AndaIG or @MongiIG)

All the best - Arvin

1 Comment


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Hi Arvin, I've had an Au$ account with you for a while, but only trade in US stocks. Rather than withdraw a recent US$ sale to my AU$ account I'd like to send the US$ held from the sale in my Australia based IG account in US$ direct to a Wise US$ account I hold in my name for travel purposes. This would save me having to convert the US$ sale proceeds into Au$, then converting back into US$ for my foreign trips. Is this possible on the IG platform, and if so can you point me to a guide on how to do it? Happy to send my US$ bank statement for verification before any transaction is sent to it, but don't know how to set this up. @ArvinIG

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