Withdrawing money from a 401(k) via direct deposit typically takes about 2 to 3 business days after the withdrawal request is processed by the plan administrator
. The entire process, including approval and processing of the withdrawal request, usually takes around 5 to 7 business days, though this can vary depending on the plan provider and whether additional documentation is needed
. If you opt for a physical check instead of direct deposit, it generally takes about a week or longer because of mailing time and check clearing
. In summary:
- Withdrawal request processing: 5 to 7 business days (can be longer if paperwork or verification is required)
- Direct deposit arrival: 2 to 3 business days after processing
- Check arrival: About 7 to 10 business days after processing
Therefore, from the time you submit your withdrawal request, expect roughly 7 to 10 business days total to receive funds via direct deposit in your bank account
