Step 1: Open the Trade Republic App
To begin the withdrawal process, open the Trade Republic app on your mobile device. If you don’t have the app yet, you can download it from the App Store or Google Play Store.
Step 2: Log in to Your Account
Enter your username and password to log in to your Trade Republic account. If you haven’t created an account yet, you’ll need to sign up before proceeding with the withdrawal process.
Step 3: Access Your Portfolio
Once you’re logged in, navigate to the “Portfolio” section of the app. Here, you’ll find an overview of your investments and account balance.
Step 4: Choose the Account for Withdrawal
If you have multiple accounts with Trade Republic, such as a cash account and a securities account, select the account from which you want to withdraw funds.
Step 5: Tap on “Withdraw”
In the selected account’s overview page, you’ll find a “Withdraw” button. Tap on it to initiate the withdrawal process.
Step 6: Enter Withdrawal Amount
Enter the amount you wish to withdraw from your Trade Republic account. Make sure to double-check the amount to avoid any mistakes.
Step 7: Provide Bank Account Details
Next, you’ll need to provide your bank account details. This includes the account holder’s name, IBAN, and BIC/SWIFT code. These details ensure that the funds are transferred to the correct bank account.
Step 8: Confirm the Withdrawal
Review all the provided information, including the withdrawal amount and bank account details. If everything looks correct, confirm the withdrawal request.
Step 9: Wait for Confirmation
After confirming the withdrawal, Trade Republic will process your request. You’ll receive a confirmation once the withdrawal is initiated.
Step 10: Monitor Your Bank Account
Check your bank account to ensure that the funds have been successfully deposited. Depending on your bank, it may take a few business days for the funds to appear in your account.
Withdrawing funds from your Trade Republic account is straightforward and hassle-free. By following these step-by-step instructions, you can easily withdraw money from Trade Republic and have it deposited into your bank account. Remember to double-check all the details before confirming the withdrawal to avoid any errors. Happy investing!