How long to sell shares and get money into a bank account

s-j-cooper_2

How long do people reckon it would take for money to appear into my bank account after selling online Santander shares? It'll all be done online and the money will be transferred into my bank account, or so I believe!

Shimrod

The exact time will depend on who you hold your share dealing account with. It's probably three day settlement terms (so the money won't appear in your share account until 3 days after you have sold the shares). This will then be followed by the BACS transfer time delay, so probably around 7 days in total. If you are desparate for the money, you could ask if they can do a CHAPS transfer, which will give you the money after 3 days.