Withdrawing funds is just as simple as adding them. To withdraw funds from your Wealthsimple account:
- Log into your Wealthsimple account on a desktop computer (not currently supported on mobile app)
- Click on your name in the top right of the screen and click on the 'Withdrawals' tab
- Enter in the amount you would like to withdraw. Make sure you have linked up a bank account to Wealthsimple so we have somewhere to send the funds!
Withdrawals can take up to 7 business 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. We are working on making this process quicker!
If you are withdrawing funds from your ISA, you will still be able to re-deposit them in the same tax year so long as you don't go over your annual £20,000 contribution limit.