Anyone Know About E*Trade

"Chuck 2(O=[][]=O)2" (pompei426) 03/26/2014 at 19:31 • Filed to: None

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I sold some securities and would like to transfer the funds back to my checking account, but I can only transfer what was previously available for withdrawal. How can I make my proceeds eligible for transfer? Have an Alfa WP for your troubles.

Brian Silvestro > Chuck 2(O=[][]=O)2 03/26/2014 at 19:32

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Fuck I figured this out when I had this same problem but I can't remember how I did it.

Chuck 2(O=[][]=O)2 > Brian Silvestro 03/26/2014 at 19:34

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Brian Silvestro > Chuck 2(O=[][]=O)2 03/26/2014 at 19:36

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Chuck 2(O=[][]=O)2 > Brian Silvestro 03/26/2014 at 19:39

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I kid, thanks for letting my know it's possible.

IDROVEAPICKUPTRUCK > Chuck 2(O=[][]=O)2 03/26/2014 at 19:41

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How long ago did you sell the securities? By law there is a three day hold after selling securities before the money can be transferred or withdrawn unless you're using it to buy more securities in the same account.

Chuck 2(O=[][]=O)2 > IDROVEAPICKUPTRUCK 03/26/2014 at 19:42

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Ahh, I was thinking that was the problem. It was two days ago.

Brian Silvestro > Chuck 2(O=[][]=O)2 03/26/2014 at 19:48

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No problem!

NotUnlessRoundIsFunny > Chuck 2(O=[][]=O)2 03/26/2014 at 19:54

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I think what you're looking for is the "settlement date," when the funds are actually available to do with what you will. That takes a few days.

deekster_caddy > Chuck 2(O=[][]=O)2 03/26/2014 at 20:07

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Yeah it's usually 3 days before you can transfer the money elsewhere. I have ETrade and if you sell you can also buy right away with the same money. You just can't take it out of the account.

YoungPadwan > Chuck 2(O=[][]=O)2 03/27/2014 at 13:08

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You need to wait until the sale has settled in order to transfer funds.