Comments on: How long does it take your online broker to make funds available after a sale execution? http://www.businessbrokersguide.com/blog/how-long-does-it-take-your-online-broker-to-make-funds-available-after-a-sale-execution/ Thu, 17 May 2012 09:45:09 +0000 http://wordpress.org/?v=2.7 hourly 1 By: financegal27 http://www.businessbrokersguide.com/blog/how-long-does-it-take-your-online-broker-to-make-funds-available-after-a-sale-execution/comment-page-1/#comment-845 financegal27 Sat, 27 Jun 2009 19:00:34 +0000 http://www.businessbrokersguide.com/blog/how-long-does-it-take-your-online-broker-to-make-funds-available-after-a-sale-execution/#comment-845 Three day settlement is a SEC rule and all brokerage firms are required to follow it for cash accounts. This is not specific to Zecco, it is a regulatory requirement. However, some firms will allow you to use the cash to purchase another stock prior to settlement of the funds, I have a Fidelity account and they allow me to use unsettled funds to buy securities without having to wait T+3. Three day settlement is a SEC rule and all brokerage firms are required to follow it for cash accounts. This is not specific to Zecco, it is a regulatory requirement.

However, some firms will allow you to use the cash to purchase another stock prior to settlement of the funds, I have a Fidelity account and they allow me to use unsettled funds to buy securities without having to wait T+3.

]]> By: wg0z http://www.businessbrokersguide.com/blog/how-long-does-it-take-your-online-broker-to-make-funds-available-after-a-sale-execution/comment-page-1/#comment-844 wg0z Sat, 27 Jun 2009 07:44:39 +0000 http://www.businessbrokersguide.com/blog/how-long-does-it-take-your-online-broker-to-make-funds-available-after-a-sale-execution/#comment-844 if you're trying to withdraw proceeds from a sale it's three days. SEC rule, not Zecco's doing. If you want to buy some other stock you should be able to do that immediately. if you’re trying to withdraw proceeds from a sale it’s three days. SEC rule, not Zecco’s doing. If you want to buy some other stock you should be able to do that immediately.

]]> By: Andy http://www.businessbrokersguide.com/blog/how-long-does-it-take-your-online-broker-to-make-funds-available-after-a-sale-execution/comment-page-1/#comment-843 Andy Fri, 26 Jun 2009 11:33:33 +0000 http://www.businessbrokersguide.com/blog/how-long-does-it-take-your-online-broker-to-make-funds-available-after-a-sale-execution/#comment-843 With a Scottrade margin account,I get them immediately. By the time the home page loads up, I'm ready to trade again. With a Scottrade margin account,I get them immediately. By the time the home page loads up, I’m ready to trade again.

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