I processed a withdrawal last Wednesday with Moneybox, I’ve just noticed the withdrawal date as being 2 weeks on from this, with a subsequent 3-5 working days after this. It’s going to Revolut so at least it will be a day early. I was aware of the length of time it would take, but more interested in why?
All in all, it seems a bit long winded given they give the instruction to sell on the next working day. Perhaps it is so as to discourage people from withdrawing their funds. Am I wrong to come to this conclusion?
Is the process any better/quicker with any of Moneybox’s competitors? I’m withdrawing to put it into Wealthify and get the MSE cashback of £40.00, so hoping the process with them if I ever want/need to withdraw.