Trading 212 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 Trading 212 fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from Trading 212 and how Trading 212's withdrawal fees and options compare to some of its close competitors.

Trading 212 withdrawal fees and options snapshot
Trading 212 XTB eToro
Bank transfer Yes Yes Yes
Credit/debit card Yes No Yes
Electronic wallets Yes No Yes
Withdrawal fee Free withdrawal A withdrawal fee is applied only if you transfer an amount below a certain threshold; transfers larger than this are free $5 withdrawal fee

How to withdraw money from Trading 212
Trading 212 withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and Trading 212 is no exception.

In addition to bank transfer, Trading 212 also allows you to withdraw funds to a debit or credit card. Many brokers don't offer this option, so this is a definite plus for Trading 212.

You can also withdraw money to electronic wallets. This is a nice feature that isn't available at all brokers. At Trading 212, you can withdraw money to the following electronic wallets: Google Pay, PayPal, Apple Pay, Skrill, Dotpay, Giropay, Carte Bleue, Direct eBanking, iDEAL.

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 Trading 212 and it took us 1 business day. It doesn't really get any better than this!

To withdraw money from Trading 212, 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

Whatever method you use, you may only withdraw money to accounts or cards that are in your name.

How to withdraw money from Trading 212
Trading 212 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.

Unfortunately, Trading 212 has no free withdrawal options. See the table below for details, and also how Trading 212's fees compare with some of its immediate competitors.

Trading 212 withdrawal fees
Trading 212 XTB eToro
Domestic bank withdrawal Free withdrawal Free for withdrawals above $100 $5 withdrawal fee
International bank withdrawal Free withdrawal Free for withdrawals above $100 $5 withdrawal fee
Credit/Debit card withdrawal Free withdrawal Free for withdrawals above $100 $5 withdrawal fee
Electronic wallets withdrawal Free withdrawal Free for withdrawals above $100 PayPal withdrawal costs $5

How to withdraw money from Trading 212
Bottom line

Trading 212 has multiple withdrawal options, though unfortunately none of them are free. This is a disadvantage, especially if you want to withdraw smaller amounts frequently.

To see how Trading 212'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

Share

Comments

Visit broker
76% of retail CFD accounts lose money
×