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Share Settlement times
mountainofdebt
Posts: 7,795 Forumite
Can anyone tell me how long it takes to receive the proceeds from a share sale?
2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date
0
Comments
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I'd imagine it depends upon the particular account.
In terms of accessing the funds, after a sale, Halifax takes three working days from sell to crediting linked current account (via debit card).
Last time I sold via Selftrade, I could use the realised funds immediately to make a new purchase. Last time I sold and transferred cash out on the same day, it reached my current account 5 working days later.Debbie0 -
mountainofdebt wrote: »Can anyone tell me how long it takes to receive the proceeds from a share sale?
That depends on the settlement terms agreed for the sale, the default is T+3 (settles on 3rd business day) however you can trade T+0 or T+1 for faster settlement. Certificated sales can take longer to settle.Anything posted is not given as advice but to help with a discussion.0
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