How to withdraw money from Interactive Investor - UK guide

Disclaimer: The information in this article is for reference purposes only. Wise does not offer to buy or sell stocks, and all information on this page should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. Remember that investments, even in low-risk funds, are never guaranteed and your capital is at risk.

Interactive Investor is a UK-based investment service which offers a platform and app for trading shares, funds, trusts and ETFs. It has around 450,000 customers, and currently offers a choice of around 40,000 UK and international investment options.¹

If you’ve used the Interactive Investor platform to buy stocks or other investments, one of the things you’ll need to know is how to access your earnings.

In this guide for UK investors, we’ll be looking at how to withdraw money from an Interactive Investor account. This includes a step-by-step guide to the process and info on any fees you might have to pay.

So, let’s get started.

How to withdraw my portfolio from Interactive Investor

If you have money in your Interactive Investor account that you’d like to withdraw, you can carry straight on to the steps below.

But if you have shares you need to sell first, you’ll need to do the following:²

1. Login to your account online at the Interactive Investor website or via the Interactive Investor mobile app
2. Select ‘Find & Invest’ from the menu
3. Search for the instrument you’d like to sell
4. Click the ‘Sell’ button
5. Enter either the quantity of shares or the cash amount you’d like to sell
6. Check the details and confirm the trade.

Before you sell any investments though, it’s recommended to seek some professional advice. You might find there are tax or other implications related to selling shares or funds.

Once you’ve sold your investments, you should now have some cash in your Interactive Investor account. The next step is to withdraw it directly to your bank account - read on for a detailed walkthrough of the steps involved.

Step 1: Login to your Interactive Investor account

The first thing you need to do is head to the Interactive Investor website (ii.co.uk) and login to your account. You can also access your portfolio via the Interactive Investor mobile app if you prefer.

Either should be easy to do, providing you remember the login details you used to register for an account on the platform. You’ll need the email address you signed up with and your password - you can always use the ‘Forgot password’ option if you can’t remember it.

Step 2: Add a nominated bank account

If you’ve not done it already, you’ll need to add a nominated bank account. This is the account you’ll use to receive withdrawal payments.

To add a new bank account, follow these steps:³

1. Login to your Interactive Investor account
2. Go to ‘Cash’ from the account menu and then ‘Payment Details’
3. Select ‘Bank Account’
4. Select ‘Add’ to add a new bank account (you can also amend the details of existing bank accounts here)
5. Enter your bank account details
6. Choose your preferred currency
7. Select ‘Check and Preview’
8. You’ll receive an SMS verification code, a 6-digit number sent by text to the phone number registered on your account
9. Enter the code when prompted
10. Select ‘Confirm’ and the new account will be added.

One thing to check is that the address on your nominated bank account is the same one you used when signing up with Interactive Investor. The account can only be a UK sole or joint account (as long as you’re named on it). It is possible to add non-UK bank accounts, but extra verification steps will be required.

Step 3: Withdraw money

With a nominated bank account added to your Interactive Investor account, you’re now ready to withdraw funds.

Here’s how to do it:⁴

1. Login to your Interactive Investor account
2. Go to ‘Cash’ from the menu and then ‘Move Cash’
3. Select ‘Withdraw cash’
4. Choose the account you’d like to withdraw the money from
5. Select the bank account you want to send the money to - this will be your nominated bank account
6. Enter the amount you’d like to withdraw
7. Choose your preferred withdrawal date - this can be a date in the future, but the earliest date you can choose is the next working day. It’s also possible to make an urgent withdrawal for an extra fee.
8. If you’d like to make regularly recurring withdrawals (i.e. once a month), select ‘monthly’ under Frequency and choose an end date. If you don’t change anything here, a one-off payment will be made as standard.
9. Check all of the details carefully, read the withdrawal conditions and confirm once you’re happy with everything.

Step 4: Receive confirmation and wait for your withdrawal to be processed

Once your request has been submitted, you should see an on-screen confirmation that it has been processed. You may also receive an email from Interactive Investor.

All that’s left to do is wait for the money to be delivered to your bank account.

It should arrive by the end of the next working day, as long as you’ve put the request in before 2pm. If you miss this cut-off time, it’ll take two working days for your payment to be processed.⁴

If you’ve made an urgent withdrawal request and paid the extra fee (we’ll look at that next), it should arrive by the end of the same day. Again, this is if you submit the request before 2pm. After that time, the payment will be made by the end of the next working day.⁴

If you have any issues, you can find contact details for Interactive Investor customer support here.

Interactive Investor withdrawal fees

Interactive Investor doesn’t charge any fees for standard withdrawals. This means you can move money to your bank account whenever you like, without worrying about withdrawal fees.

If you need the money to arrive faster, you can request an urgent withdrawal - this costs £15 per withdrawal.⁴

Don’t forget that there may be currency conversion fees to pay, as well as trading fees if you’re selling investments before cashing out.

Use Wise to save on currency conversion when withdrawing from overseas investment platforms

If your investments or RSUs are held in an overseas investment or equity compensation platform, you may get an unpleasant surprise when you come to withdraw money.

You might find that a sizable chunk has been lost to currency conversion fees and poor exchange rates. For example, this can happen when sending or transferring proceeds in USD to a UK account denominated in GBP. If you’re withdrawing or transferring a lot of money, it could add up to hundreds of pounds.

Luckily, there’s a way to shrink these currency conversion costs right down.

Open a Wise account and you can receive money in other currencies for free by

turning on local account details (restrictions apply).

Once you have all your dollars in Wise, you’ll then have complete control over the currency conversion. You can convert your money to GBP within your Wise account at the mid-market exchange rate, for low, transparent fees*.

You can do this instantly or hang onto the USD to use your Wise account for other US-based investments when the time is right. It’s completely up to you.

Open your Wise account 🌍

And that’s about it - everything you need to know about withdrawing money from Interactive Investor in the UK. We’ve covered all the important stuff, including how to add a nominated bank account, how to withdraw funds and how long it takes. And of course, whether there are any fees.

After reading this, you should now be all set to make your first withdrawal from your Interactive Investor account. You should find it pretty straightforward, but you can always contact the platform’s customer services team if you get stuck.

Just make sure you check all the details of your withdrawal before confirming it. You might also want to seek professional advice to help you understand any potential tax implications of selling investments or withdrawing money.

Sources used:

1. Interactive Investor - about Interactive Investor
2. Interactive Investor - steps to buy and sell investments
3. Interactive Investor - adding or updating a new or nominated bank account
4. Interactive Investor - withdrawal fees including urgent withdrawal fee and delivery times

Sources last checked on date: 22-Aug-2025