SEPA withdrawal takes already 6 days

[icecreme]

I am trying to withdraw a 1000 euro from my account. Money is available. Destination bank is in SEPA area as well. (withdrawal should take 1-2 business days).
IBKR support (I don't know why it is called support) only told me withdrawal is under "compliance review". No reason why, no timeline.
I wonder how reliable IBKR really is.
Did someone else experienced delays or am I simply unlucky?

 

[ZBZB]

You are unlucky, never had any problems.

 

[luisHK]

Usually my Sepa transfers leave within minutes, over the years I sometimes had to call IB the next day to confirm details of a wire transfer before they release it (large amounts, not sepa)
IB is not trying to scam u for 1000eur, but some compliance flag might be raised by ur name or transaction details. Very unusual anyway.

 

[icecreme]

Thanks guys, I will report back as soon as my money is in my bank account.

 

[Obelixtrader]

Thanks guys, I will report back as soon as my money is in my bank account.

Do you withdraw money to the same account from which you send it to your trading account?

 

[icecreme]

Same

Do you withdraw money to the same account from which you send it to your trading account?

Same account.

 

[icecreme]

At least I got a response from IBKR:

Due to a technical issue your EUR SEPA Withdrawal IDxxxxxx appears to be pending processing.
Our developers have been informed already and working on a solution. ​

Meanwhile you are able to use WIRE as method to transfer funds.​

After one week they figured out there is a "technical" problem. I wonder what's wrong with IBKR.

 

[icecreme]

10 days and counting. I wonder where to complain when your broker is delaying/refusing your withdrawal request?
I am in an awkward position: Need to borrow money from friends to pay my bills, because IBKR has technical problems to transfer my money.

 

[p0box4]

10 days and counting. I wonder where to complain when your broker is delaying/refusing your withdrawal request?
I am in an awkward position: Need to borrow money from friends to pay my bills, because IBKR has technical problems to transfer my money.

So basically you are trading with money you cannot afford to lose?

If you don't have any spare money besides your trading account to pay your bills i would strongly suggest you take a few grand out of the trading account and keep it in your personal bank account in case of an emergency or extra bills.

Never trade with money you cannot afford to lose, unless you want to end up in serious financial problems when you lose it all.

 

[icecreme]

So basically you are trading with money you cannot afford to lose?

If you don't have any spare money besides your trading account to pay your bills i would strongly suggest you take a few grand out of the trading account and keep it in your personal bank account in case of an emergency or extra bills.

Never trade with money you cannot afford to lose, unless you want to end up in serious financial problems when you lose it all.

Thanks for your comment. It immediately solved my problem. Sound recommendation.