How to withdraw money from AJ Bell Youinvest: methods and costs

One of the most common fears about trading online is, can I get my money back? And even if that's a given, will I face any extra costs, delays or difficulties as I try to withdraw my uninvested funds?

AJ Bell Youinvest is a trustworthy broker that honors all withdrawal requests, but the process is not the most convenient. Read on to learn about potential costs, waiting time or restrictions.

Withdrawal at AJ Bell Youinvest is fast but options are limited

Withdrawal at [Broker name] is fast but options are limited

Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Learn about our methodology

Gyula Lencsés, CFA

AJ Bell Youinvest is one of many brokers I have tested throughout the years. I used my own money for trading - and then tried to get it back. Here's how it went:

• No worries - AJ Bell Youinvest is a reliable broker that lets you access your funds any time.
• You can use only bank transfers to withdraw funds.
• In most cases, you can get your money back within 2 days.
• AJ Bell Youinvest charges $0 for basic withdrawals, but some methods may cost more.
• Read our full review of AJ Bell Youinvest for detailed funding and trading conditions.

First, let's see if AJ Bell Youinvest is available in your country?

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Let me start with the good news: AJ Bell Youinvest is considered a legit and trustworthy broker, where your money is in good hands, and you can withdraw it whenever you want to.

How to tell if a broker is trustworthy? In our view, a broker is considered legit if its operations are overseen by at least one top-tier regulator. At BrokerChooser, we only recommend such regulated brokers.

Unfortunately, the online trading industry is plagued by a large number of unregulated or scam brokers. Many of these simply refuse to return your money, or require outrageous percentage commissions before doing so. If you've heard about any broker that you're unsure about, check it against our scam broker list or discuss it in our Forum.

So how to actually withdraw funds from AJ Bell Youinvest? At AJ Bell Youinvest, you can only withdraw your money using a bank transfer. This puts AJ Bell Youinvest at a slight disadvantage over brokers that also offer withdrawal to credit/debit cards or electronic wallets such as PayPal.

Remember, you can only withdraw funds to bank accounts that are in your name.

Withdrawing money from AJ Bell Youinvest - a step-by-step guide

How do you withdraw money from AJ Bell Youinvest?

You can do it by following these steps:

• Once logged in, hover over the 'My Account' button on the top right
• Select the 'Withdrawals' menu point from the options
• Edit your bank details if necessary
• Enter the amount you wish to withdraw from your total available balance
• Hit the'Submit' button
• If you wish to have a faster withdrawal for a £25 plus VAT fee, after submitting the request, send an email to [email protected]

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Whatever method you use, withdrawals from a brokerage account are rarely instant. When I tried withdrawing funds from AJ Bell Youinvest, I had to wait two business days for the money to arrive. Not the fastest for sure, but actually this is considered fairly normal in the online brokerage world.

Strict withdrawal times are not the only factor to keep in mind when you need to retrieve money from your broker account. The most important thing is that you can only withdraw uninvested cash from your brokerage account. If all of your funds are invested, you need to close some or all of your positions first to make the necessary amount of cash available in your broker account.

Converting your assets to cash often takes additional time. For example, if you sell a stock, it will take another day (or most likely two) for the transaction to settle and for the cash proceeds to appear in your brokerage account.

So what I would normally do is think ahead depending on how urgently I needed the money. For example, if I needed $1,000 cash on Monday and it was still all tied down in stocks or some other assets at AJ Bell Youinvest, I would probably

• log in to my AJ Bell Youinvest account as much as a week earlier, to sell stocks or other assets worth $1,000 (or maybe a bit more to cover any withdrawal fees; see next chapter).
• Then I would check back a day or two later (around the middle of the week) to see if the asset sale has been completed and if the cash has appeared in my broker account.
• If yes, I would then initiate the withdrawal, so that the money arrives in my personal bank account or on my card (whichever applicable) by next Monday at the latest.

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. But I have good news: basic withdrawal at AJ Bell Youinvest is free of charge. See the table below for details and possible exceptions, and also how AJ Bell Youinvest's fees compare to some of its immediate competitors.

Conversion fees

In addition to any withdrawal fees, you should also be aware of potential conversion fees. These usually apply if your bank account or card is denominated in a different currency than the funds you are withdrawing from your broker.

At AJ Bell Youinvest, the following account currencies are available: GBP.

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