Posted: 1/20/2015 11:59:02 AM EDT
[#14]
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On Tuesday, Jan 13, I put in an order to sell some shares - I needed some cash to cover unexpected bills.
It is now Jan, 19, and I still don't have my cash.
https://www.fidelity.com/cash-management/faqs-move-money
Deposits are generally available for withdrawal or to purchase securities online within 4 business days.
...
Withdrawals are completed within one to two business days, but posting and availability may be longer, depending on your bank.
Sold stock on Tuesday, four business days for settlement (weds, thurs, fri, mon, tues), one to two days for withdrawal (weds, thurs), therefore the money should be at your bank in two or three days.
That must be special fidelity stuff. The rest of the world is as follows: Sell Monday, funds settle Thursday, money in your bank Friday. (if ACH instructions are set up, if wire money is there Thursday, depending on the size of your bank and the size of the wire.)
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