Jump to content

Direct Transfer to Bank Account


Recommended Posts

Hi Everyone 

I'm new to IG. I wanted to know how long it takes to withdraw funds directly to your bank account? I mean how long do you have to be with IG for this facility to start. Normally they are not letting me transfer to my bank account.

 

Thanks

AN

 

Link to post
  • 2 weeks later...

I don't understand this question, I thought you could only withdraw to your bank account... I didn't even know you needed to wait until withdrawing. How would you withdraw if not to your bank account ??

Link to post
43 minutes ago, Joo said:

I don't understand this question, I thought you could only withdraw to your bank account... I didn't even know you needed to wait until withdrawing. How would you withdraw if not to your bank account ??

Withdrawal is paid back to a funding credit/debit card as a refund

Link to post
2 minutes ago, Fletch said:

Withdrawal is paid back to a funding credit/debit card as a refund

Credit cards ?? Who uses cards to fund a trading account ?? Doesn't make any sense. My cards are limited and also they can be cut at any time by the bank for security purposes. I only use transfers, never I would think of using a card.

Link to post
18 minutes ago, Joo said:

Credit cards ?? Who uses cards to fund a trading account ?? Doesn't make any sense. My cards are limited and also they can be cut at any time by the bank for security purposes. I only use transfers, never I would think of using a card.

Shrugs. Don't kill the messenger. I suspect a lot of people fund their account with a card, but each to their own.

Link to post

Most people fund by debit card. The first round turn for deposit and then withdrawal always takes a little longer because of the security checks needed for each link in the chain. Bank > card company > payment service provider > IG and then back again. But once the links are established there is usually no problem. Note the for the first transaction IG will only return to the source so if using a card IG returns to the card.

Payment Service Providers (PSP) have been causing increasing problems for some time now.

https://www.financemagnates.com/forex/brokers/global-crackdown-on-fx-continues-psps-freezing-transfers/amp/

Link to post
  • 2 weeks later...
Guest Money transfers
On 23/05/2020 at 08:02, Caseynotes said:

Most people fund by debit card. The first round turn for deposit and then withdrawal always takes a little longer because of the security checks needed for each link in the chain. Bank > card company > payment service provider > IG and then back again. But once the links are established there is usually no problem. Note the for the first transaction IG will only return to the source so if using a card IG returns to the card.

Payment Service Providers (PSP) have been causing increasing problems for some time now.

https://www.financemagnates.com/forex/brokers/global-crackdown-on-fx-continues-psps-freezing-transfers/amp/

Would it be better for people to use a bank wire to deposit/withdraw fund as required by many brokers in the USA ?

Link to post
On 31/05/2020 at 16:39, Guest Money transfers said:

Would it be better for people to use a bank wire to deposit/withdraw fund as required by many brokers in the USA ?

I've never used a bank wire, debit card for deposits and withdrawals to bank account once the link is established seems to be instantaneous so never looked at using anything else. 

Once the card link is established try to establish the bank link early on with a trial £20 or something just to establish that link before any urgent need arises.

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      15,180
    • Total Posts
      73,283
    • Total Members
      61,635
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    ricman007
    Joined 14/05/21 17:00
  • Posts

    • By the way if its a system you want to demo or try, I trade US 500 and Russell Long only, with no stops, I would not trade with no stops for gold, oil etc but am happy to do it on US indices as nothing recovers as quickly as US markets, so if I am wrong i just hold it until it goes in profit again, when I am wrong I wait until market recovers, so sometimes when market has gone against me I have to wait 4 -8 weeks before it recovers but this way means no drawdowns only overnight currency charge which is minima. You need to trade wihin your accoutn to do this as you need to make sure your balance is big enough when you get it wrong. You could try it on IG demo account  to see if it worked for you.
    • Yes your balance needs to be above 0, that's your most important number don't fall into the trap of thinking if its above 0 you can put trades on, you can but your balance needs to be big enough that if they go against you, you are still above 0, if not you get messgage from IG to add funds to your account or IG will take you out of trades, so if you had a trade you wanted to keep on it would now be taken out as a loss as funds in balance are in minus. You need a big enough number left in the balance column that if your trades go against you you can still hold if you want to.
    • Now all Musk has to do is buy BTC again and re-ramp for another shed load of profit.....
×
×
  • Create New...