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How do I withdraw cash to my bank account?
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Written by Sadie Cash
Updated over a week ago

Before you withdraw your cash, it’s worth remembering that investing is a marathon, not a sprint – the benefits are usually seen over the long term (5+ years). Learn more about the benefits and risks of investing. πŸ“–

But if you do need to withdraw some cash now, just log in to your Dodl app and choose the account you want to withdraw from. Then tap on the three dot 'more options' menu, where you'll find the option to withdraw cash.

You can only withdraw cash that’s available in your account at that time. Some of your cash might still be tied up in pending transactions, e.g. payments into your account or the sale of an investment. If it is, you'll have to wait until that cash is available before you can withdraw it.

You can also only withdraw cash to the bank account you've registered with Dodl, and this'll need to be verified before you can withdraw to it. πŸ” You can check this with the team by dropping them a quick message in the app.

❗ You can't withdraw cash from your pension. And remember that withdrawing cash from your lifetime ISA through the app will incur the 25% government withdrawal charge. (It’s free to withdraw to buy your first home, find out how. 🏑)

If you change your mind and want to cancel your withdrawal, you may be able to if you message the team quickly on the same day you request it.

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