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Visitor
Posts: 1
Registered: ‎10-08-2017
Accepted Solution

Transfer funds

Hi,

I sold some shares in my share dealing account this afternoon so I could transfer the funds to my spread betting account but it won't allow me to transfer the funds? Why is this and when will I be able to transfer the money?

Cheers,

Dan
Moderator
Posts: 2
Registered: ‎10-08-2017

Re: Transfer funds

Hi @Dan3,

 

Standard UK share settlement is T+2, which means you have to wait 2 days before you can withdraw or transfer funds between the accounts. In the meantime, you can re-invest your proceeds within the Share dealing account.

 

Thanks,

 

Kieran W.

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New Member
Posts: 1
Registered: ‎11-08-2017

Re: Transfer funds

Is this the same if I wish to withdraw funds from my share dealing account to my bank?

Community Manager
Posts: 226
Registered: ‎20-09-2016

Re: Transfer funds

Hi - sorry for not getting back to you sooner. 

 

The same rules would apply for moving the funds back to your bank, or an alternative IG account. Due to the international settlement process all funds must stay in the account which they were sold in until this period is over. It's worth noting however that you can still purchase new shares in the same account if required.