Withdrawing funds is just as simple as adding them. To withdraw funds from your Wealthsimple account:
- Login to your Wealthsimple account on a desktop computer.
- Click on the "Funding" tab when logged into your Wealthsimple dashboard online.
- Select "Withdraw funds" and then choose the amount you'd like to withdraw.
Withdrawals can take 7-10 working days from the time the withdrawal is requested to the time the money arrives in your bank account. This is because it takes three business days for the money to settle after we have placed the trade instructions.
If you are withdrawing funds from your ISA, you will still be able to re-deposit them into your ISA in the same tax year so long as you don't go over your annual £20,000 contribution limit.