So adding money from my linked bank account to my Freetrade account happens almost ‘immediately’. Maybe 30mins max.
But, if I wanna ‘withdraw’ my money from Freetrade, they’re holding onto it for 3-5days before actually getting it back into my linked bank account! So essentially Freetrade either accrue as much interest as possible on thousands of people’s money OR they could even be investing people’s money for 3-5days, creating a kinda rolling cash-flow system.
I’d love to hear the community’s thoughts, and also Freetrade’s response/thoughts?
Don’t get me wrong, I love the app - but if ‘holding’ people’s money is part of their business model then I’d just prefer they were upfront about that.