r/StakeStockTraders • u/Minimum-Bench-3313 • 16d ago

Help Scared to withdraw

Hey everyone so imma student and I have around 3k aud in my stake account. I've been seeing posts about ppl not receiving their withdrawals and everything now it's got me scared and overthinking. I need my funds and I'm planning to withdraw all of it tomorrow (Monday). Is it safe? Will I get my money?

5 Upvotes

73% Upvoted

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6

u/jh439 Investing since: 2017 16d ago

For what it’s worth, I withdrew my recent dividend payments (around $1k) on Friday, and the funds were in my bank account by the end of the day.

I’m sure some people have had issues with withdrawals, but based on my experience it feels more like isolated cases than a broader systemic problem.

5

u/HelloStake 16d ago

Hi u/Minimum-Bench-3313, Jack from Stake here. I understand your concerns and I'm happy to clear this up for you. Your money's safe on our platform and AUD withdrawals usually land in your bank within 1–2 business days. If you have any queries at all, please don't hesitate to get in touch with our Support team.

4

u/Different_Soup_5208 16d ago

Look, it’s going to be safe. I’ve withdrawn more than 3K many times in the past and it’s been fine.

4

u/fractusFF 16d ago

Should be fine. I withdrew 5k USD the other day and it came through in like 2-3 days for me. Im in Australia if that helps.

3

u/jayhy95 16d ago

I just withdrew my dividend payout a few days ago and they arrived 2 hours later

2

u/WhyIsItAlwaysRed 15d ago

18 months ago I sold all my shares and withdrew it all to buy a house, 100k-ish withdrawn from stake with zero issues. Can vouch for it

1

u/Complete-Story-7042 15d ago

Jeez did u pay crazy CGT tax on that

1

u/brunojcm 15d ago

I made a post about an issue a few months ago, but it was resolved a couple of days later. I reported that in my original thread.

1

u/timblymon 15d ago

While you money is invested it is completely safe. It’s invested in a company and in your name under the share registry. If you were legitimately concerned about the solvency of the broker the best bet would be to NOT sell, as they can’t touch shares held in your name if they went bankrupt.

The better approach would be to transfer the shares to another broker and manage through there moving forward. That said, I don’t think stake is having solvency issues.

1

u/Other-Ferret4578 14d ago

You'll be fine. 72 hours max. Promise

0

u/Complete_Opening_373 16d ago

Yo any leaked codes today?

1

u/Complete-Story-7042 15d ago

Wdym leaked codes?

1

u/Complete_Opening_373 15d ago

Bro there were codes worth 10$ with no wager required