- Learn how WhiskyInvestDirect works
- Market screens
- Account screens
- How much? How easy?
- Frequently Asked Questions
- FAQs : Why WhiskyInvestDirect?
- FAQs : Safety
- FAQs : Storage
- FAQs : Operational
- FAQs : About Us
- FAQs : Governance
- FAQs : Robots
- How to do it
- Fund my account
- View our tariff
- Buy whisky
- Pre-order whisky
- Validate my account
- Submit a document
- Sell my whisky
- Withdraw funds
- Use the order panel
- Monitor my orders
- Cancelling my order
- Modify account settings
- Modify my limit price
- See my trading history
- Prove my money is safe
- Cask lists and client bank statement
- Understand my statement
- In case of death
- Close my account
- Contact WhiskyInvestDirect
- Make a complaint
- Whitelist our emails
- Become a referrer
- WhiskyInvestDirect terms
- Privacy notice
- Cookie policy
- Terms and conditions
Get paid
You can withdraw your cash at any time, provided your account is validated.
Note: If your linked bank account is denominated in a different currency than the funds in your WhiskyInvestDirect account, make sure that they will accept a payment in your WhiskyInvestDirect account currency. Most banks will automatically convert the funds into your home currency, usually at an expensive rate. Some banks will just reject the transfer and return the funds to us. Please check with your bank before withdrawing.
The procedure
Step 1. |
Log in and select the ACCOUNT button followed by the WITHDRAW FUNDS sub-menu option. |
Step 2. |
Type in the amount you wish to withdraw. Press the SUBMIT button, and on the subsequent page double-check all the details before pressing CONFIRM |
When will I receive my money?
Withdrawal requests received before midnight GMT will be placed in a batch to be processed on the next working day. The time it takes for your funds to reach your bank account will vary according to the following:
For transfers to UK banks:
- Withdrawals of £20,000 and above will be processed by CHAPS. You can also request this from the withdrawal confirmation page for smaller amounts. Ordinarily a CHAPS payment will reach you on the first working day after you enter your withdrawal request. The bank will deduct £20 for this service.
- Withdrawals below £20,000 will be processed by BACS. Ordinarily a BACS payment will reach you on the third working day after you enter your withdrawal request. This transfer is free of charge.
- Withdrawals in currencies other than British Pounds will be paid by SWIFT. Ordinarily a SWIFT payment will reach you on the first working day after you enter your withdrawal request. The bank will deduct a fee for this service.
Note: Exact transfer times may vary depending on your bank's service levels. Your withdrawal will show as 'unprocessed' until around 3pm UK time for CHAPS transfers, and around 5pm UK time for BACS transfers.
For transfers to US banks:
We will usually pay US Dollars using ACH. We will deduct $10 for this service.
Where an ACH is not possible, or for other currencies, we will pay you using SWIFT. Ordinarily a SWIFT payment will reach you on the first working day after you enter your withdrawal request. The bank will deduct a fee for this service.
Note: Exact transfer times may vary depending on your bank's time zone & service levels. Your withdrawal will show as 'unprocessed' until around 3pm UK time.
For all other transfers:
Note: Exact transfer times may vary depending on your bank's time zone & service levels. Your withdrawal will show as 'unprocessed' until around 3pm UK time.
Any transfer costs will be taken out of the withdrawn amount - you do not need to allow for charges.