How to make a withdrawal from your credit union account

Need to access your money? At London Mutual Credit Union, we make withdrawing funds straightforward, whether you’re saving for a rainy day or managing day-to-day expenses. This guide covers how to make a withdrawal from your account using our online banking, mobile app, or in-branch services, so you can manage your finances with ease.

Withdrawing funds online or via the App

Log in to your London Mutual Credit Union account through online banking or the mobile app.
Navigate to the 'Withdraw' or 'Transfer' section from the dashboard.
Select the account you wish to withdraw from, then enter the amount.
Choose the destination account (e.g., your external bank account) and confirm the details.
Review your withdrawal and confirm. For security, you may be asked to complete additional verification steps.

Making a cash withdrawal at the Branch

Visit your nearest London Mutual Credit Union branch during opening hours (Peckham Branch is open on Mondays, Tuesdays and Fridays from 9:30 am to 4:30 pm. Walworth Road Branch (Elephant & Castle) is open from Monday to Friday from 9:30 am to 4:30 pm.
Bring photographic identification (such as a driving licence or passport).
Let a member of staff know how much you wish to withdraw and from which account you want the funds.
The staff member will process your withdrawal and provide confirmation.

Frequently asked questions about withdrawals

Are there limits to how much I can withdraw? Withdrawal limits may apply depending on your account type. Daily cash withdrawal from savings in the branch is £300, and £2000 from the current account.
How long does a withdrawal take? Instant for internal transfers; 5 working days for external accounts.
Is there a fee? Withdrawals are typically free, but check your account terms for exceptions.

Conclusion

Withdrawing money from your London Mutual Credit Union account is flexible and secure, whether online, via the app, or in person. If you need help, our supportive team is here to empower you. Reach out to us for more guidance or access your account today.