Cash settlement period

What’s the longest anyone’s waited for cash to settle?

3.5 days here and still waiting.

The market standard is T+3 for US stocks so that’s not shocking.

3 Likes

4 days to ‘‘settle’’ then another 3 - 5 days to actually withdraw.

That’s pretty shocking to be fair.

Not really, it’s industry standard.

I have an account with IG and it’s T+2* for UK stocks and T+3* for US stocks.

*working days so weekends and bank holidays don’t count

And withdrawal is 2-5 days.

1 Like

To some people this will still be deemed a Freetrade specific issue. :man_shrugging:

This post was flagged by the community and is temporarily hidden.

They’ve got instant deposit working in the last day or two so you’d hope withdrawals will be faster soon.

1 Like

If by ‘‘deposits’’ you mean ‘‘Top-ups’’ then mine have always been instant…I don’t predict them being in any hurry to make withdrawals as quick any time soon…Industry standard or otherwise…I remain hopeful too though.

2 Likes

Withdrawal time hasn’t changed. Still 3-5. So potentially can take nearly 2 weeks from selling, settlement to withdrawal.

1 Like