IWeb/Scottish Widows cash withdrawals to bank - how long?

Aminatidi

Thanks. I'll keep an eye. Worst case I can just about fund using up the ISA allowance from bank savings.

The downside of actually not having too much "cash in the bank".

My own stupid fault for forgetting about Good Friday.

pafpcg

From my recollection of waiting to reinvest dividends, I deduced that iWeb (aka Scottish Widows) would never transfer the credited dividend (visible in the "Dividend History") to the "Cash History" account to make it available to reinvest until after the market had closed ie 16:30, presumably to allow LBG to hold on to the money overnight. I'd suggest starting to check the Cash account at around 16:35.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81939931#Comment_81939931

Yes. It should show in the morning. In my experience the money for settled trades arrives in your account earlier than dividends.

Aminatidi

Well the cash was available to withdraw as of 6.30am this morning so I did.

Waiting game now.

It does say "within 3 working days".

Aminatidi

And the money landed some time in the small hours of today as I was woke up at some stupid time and noticed a notification of the payment from the bank 👍🏼

Aminatidi

So on the flip side of this does anyone know the maximum that can be added to an II account in one go via debit card please?

Same with the bank payment option.

I'm guessing this may be more to do with the issuing bank?

roose0

https://forums.moneysavingexpert.com/discussion/comment/81964500#Comment_81964500

https://www.ii.co.uk/help/adding-and-withdrawing-cash/adding-cash/adding-cash-faqs

Our debit card payment limit is £99,999. If your payment doesn’t go through, please check with your bank or card issuer, as they may have a lower limit.

Aminatidi

Thank you. Annoyingly I found that about 2 mins after posting 😂

masonic

My card issuer has a much lower transaction limit than that!

Aminatidi

Yeah that's what I wasn't sure of. On paper getting £20K into an ISA doesn't sound like it should be a drama.

Still slightly surprised I have to do a Lloyds one-time-code every time I make a debit card payment of any size to II though so it felt worth asking what peoples experience has been.