Barclays withdrawal at a glance

Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. To do that, first you have to withdraw money from your broker account.

That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee.

So how does Barclays fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from Barclays and how Barclays's withdrawal fees and options compare to some of its close competitors.

Barclays withdrawal fees and options snapshot
Barclays Hargreaves Lansdown Charles Stanley Direct
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee Free withdrawal Free withdrawal Free withdrawal

How to withdraw money from Barclays
Barclays withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and Barclays is no exception.

However, bank transfer is the only withdrawal option available at Barclays, putting it at a slight disadvantage over brokers that also offer withdrawal to credit/debit cards or electronic wallets.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at Barclays and it took us 2 business days, which is considered fairly average.

To withdraw money from Barclays, you need to go through the following steps:

  • Log in to your account
  • Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
  • Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
  • Enter the amount to be withdrawn, and, if prompted, a short reason or description
  • Submit your request

Please note that you may only withdraw money to accounts that are in your name.

How to withdraw money from Barclays
Barclays withdrawal fees

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions.

We have good news for you: basic withdrawal at Barclays is free of charge. See the table below for details and possible exceptions, as well as how Barclays compares with some of its immediate competitors.

Barclays withdrawal fees
Barclays Hargreaves Lansdown Charles Stanley Direct
Domestic bank withdrawal Free withdrawal Free withdrawal Standard withdrawal is free, same-day withdrawal costs £25
International bank withdrawal Not available Free withdrawal Not available
Credit/Debit card withdrawal Not available Not available Not available
Electronic wallets withdrawal Not available Not available Not available

How to withdraw money from Barclays
Bottom line

Barclays withdrawal is free of charge in most cases. However, you can only do it via bank transfer; other convenient options such as withdrawal to credit/debit cards or electronic wallets are missing.

To see how Barclays's withdrawal fees and options stack up against the rest of the brokerage market, check out our broker comparison tool.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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