Before you can withdraw money

You need a nominated bank account

A nominated bank account is the default destination for any money you withdraw from HL. You can set up and change the nominated bank account in your online settings.

When you add or change your nominated bank account, we will validate the bank account is in your name electronically. The name on the bank account must match the name on your HL account.

If you’ve recently updated your address, you will not be able to change your nominated bank account for 21 days.

Money should be ‘settled’ in your account

Any money you’ve raised from selling investments must have ‘settled’ in your account before you can withdraw it.

Share trades – average time to settle:
Two working days

Fund trades – average time to settle:
Four working days (based on day trade is placed)

Fund trade timings are dependent on when the manager places the trade.

Please bear this in mind when you come to withdraw money. It could delay you if there isn’t enough settled money in your chosen account.