How to withdraw money from Hargreaves Lansdown: UK guide

Disclaimer: The information in this article is for reference purposes only. Wise does not offer to buy or sell stocks, and all information on this page should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. Remember that investments, even in low-risk funds, are never guaranteed and your capital is at risk.

Recently opened an account with Hargreaves Lansdown? If you want to sell investments or simply need access to funds on the account, you’ll need to know how to withdraw money from the platform.

Hargreaves Lansdown is a British financial services company and investment platform. It offers investment accounts, shares and funds trading, ISAs, savings and much more. It’s a popular choice among private investors in the UK.

In this helpful guide, we’ll show you how to withdraw money from a Hargreaves Lansdown investment or Stocks & Shares ISA account.

The good news is that it’s pretty straightforward to do. But we’ll walk you through all the steps involved, so you know exactly what to expect.

How to withdraw my portfolio from Hargreaves Lansdown

If you have money in your Hargreaves Lansdown account that you’d like to withdraw, you can carry straight on to the steps below.

But if you have shares you need to sell first, you’ll need to do the following:¹

1. Login to your Hargreaves Lansdown account online or via the platform’s mobile app
2. Select ‘Accounts’ from the menu
3. Select ‘Deal now’ from the actions list on your chosen account or investment.
4. Select ‘Sell’
5. Choose whether you want to sell all units or a specific number or amount - enter this number or amount where prompted.
6. Select ‘Continue’ and check the details carefully.
7. Once you’re happy, select ‘Place a deal now’ (or ‘Place instruction’ if using the app) to confirm.

Before you start though, it’s recommended to seek some professional advice. You might find there are tax or other implications related to selling shares or funds.

If you now have cash in your Hargreaves Lansdown account, you’ll need to know how to withdraw it to your bank account. Read on for a detailed walkthrough of the steps involved.

Step 1: Login to your Hargreaves Lansdown account

The first thing to do is head to the Hargreaves Lansdown website (HL.co.uk) and login to your account. You can also access your portfolio via the Hargreaves Lansdown app if you prefer.

Either should be easy to do, providing you remember the login details you used to register for an account on the platform. You can always use the ‘forgot username’ or ‘forgot password’ options if not.

Step 2: Set up a nominated bank account

Before you can withdraw money from a Hargreaves Lansdown account, you need to set up a nominated bank account (if you haven’t already). This is the account you’ll be sending funds to, and which you’ll use to fund investments on HL.

Here’s how to add a new account:²

1. Login to your Hargreaves Lansdown account
2. Select ‘Account settings’
3. Select ‘Withdrawals, income and loyalty bonus’
4. Enter your bank details, including account number and sort code
5. Select ‘Save’
6. Wait for a validation code to arrive - bear in mind that this is sent by post, and can take 2-3 working days to arrive.
7. Once the code arrives, follow the first few steps until you’re on the ‘Withdrawals, income and loyalty bonus’ page.
8. Follow the link to your nominated bank account and enter the validation code you’ve been sent.
9. Select ‘Save’ to confirm.

Your nominated bank account should now be ready to withdraw money to.

Step 3: Go to the account you want to withdraw funds from

Hargreaves Lansdown offers a few different types of account:

• A Fund and Share Account
• A Stocks and Shares ISA

You can withdraw money from both of these accounts, and the process for doing it is very similar.

So once you’ve logged in, you’ll need to go to the account you want to withdraw funds from.

Step 4: Withdraw money

If you’re withdrawing money from your Fund and Share Account with Hargreaves Lansdown, simply follow these steps:³

1. On the accounts page, select the account you’d like to withdraw money from
2. From the tabs, select ‘Withdraw money’
3. Enter the amount you’d like to withdraw
4. Select ‘Next’
5. Check the amount and details for the transfer, and read the terms and conditions.
6. Once you’re happy, select ‘Confirm payment’.

Now, let’s look at withdrawing money from a Stocks and Shares ISA. Here’s what you need to do in a few simple steps:⁴

1. Choose the account you’d like to withdraw money from.
2. From the tabs, select ‘Withdraw money’.
3. Read the ISA withdrawal warning carefully. This will state that you won’t be able to pay the money back into your ISA without using some of your ISA allowance.
4. Once you’ve read and understood the warning, select ‘Yes, I understand the implications’.
5. Select ‘Continue’.
6. Enter the amount you want to withdraw.
7. Select ‘Next’.
8. Check the amount and details for the transfer, and read the terms and conditions.
9. Once you’re happy, select ‘Confirm payment’.

The above are all the steps for withdrawing money online, but the process is very similar for doing it via the Hargreaves Lansdown app.

Step 5: Receive confirmation and wait for your withdrawal to be processed

Once your request has been submitted, you should see an on-screen confirmation that it has been processed. You may also receive an email from Hargreaves Lansdown.

All that’s left to do is wait for the money to be delivered to your bank account.

For both account types, the payment should arrive either later the same day or the next working day.³

If you have any issues, contact Hargreaves Lansdown customer services for assistance. You can find contact details here.

Hargreaves Lansdown withdrawal fees

The good news is that Hargreaves Lansdown doesn’t charge any fees for withdrawing funds out of your account. This goes for its Fund and Share Account as well as its Stocks and Shares ISA.⁵

Use Wise to save on currency conversion when withdrawing from overseas investment platforms

If your investments or RSUs are held in an overseas investment or equity compensation platform, you may get an unpleasant surprise when you come to withdraw money.

You might find that a sizable chunk has been lost to currency conversion fees and poor exchange rates. For example, this can happen when sending or transferring proceeds in USD to a UK account denominated in GBP. If you’re withdrawing or transferring a lot of money, it could add up to hundreds of pounds.

Luckily, there’s a way to shrink these currency conversion costs right down.

Open a Wise account and you can receive money in other currencies for free by turning on local account details (restrictions apply).

For example, you’ll get access to US Dollar account details (i.e. account number and BIC) so that you can receive USD without conversion fees, it also means you can get paid directly in dollars even if you are in the UK.

Once you have all your dollars in Wise, you’ll then have complete control over the currency conversion. You can convert your money to GBP within your Wise account at the mid-market exchange rate, for low, transparent fees*.

You can do this instantly or hang onto the USD to use your Wise account for other US-based investments when the time is right. It’s completely up to you.

Learn more about the Wise account

And that’s it - everything you need to know about how to withdraw money from Hargreaves Lansdown. We’ve covered the steps involved for both Fund and Shares Accounts and Stocks and Shares ISAs, along with any fees - which thankfully, the platform doesn’t charge for withdrawals.

You should be all set to make your first withdrawal. But before you do, you might also want to seek professional advice to help you understand any potential tax implications. An expert can also help you to manage your investments effectively.

Sources used:
1. Hargreaves Lansdown - How to sell shares, investment trusts and ETFs
2. Hargreaves Lansdown - How to set up a nominated bank account
3. Hargreaves Lansdown - How to withdraw money from a Fund and Share Account
4. Hargreaves Lansdown - How to withdraw money from a Stocks and Shares ISA
5. Hargreaves Lansdown - Income and fees - What we do not charge for
Sources last checked on date: 21-Mar-2025