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Shares selling
faa
#1 Posted : Tuesday, February 04, 2014 4:16:15 PM
Rank: Member


Joined: 5/8/2007
Posts: 709
Quick question good people,

if someone executes a sell order and it goes through.

How long does it take to receive funds to bank account.?

What channels can someone use to ASAP receive the funds

thanks

Aguytrying
#2 Posted : Tuesday, February 04, 2014 4:42:40 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
faa wrote:
Quick question good people,

if someone executes a sell order and it goes through.

How long does it take to receive funds to bank account.?

What channels can someone use to ASAP receive the funds

thanks



You have to request your investment bank broker to pay you.
It can be Via cheque- a few days to process or even same day
EFT(2 days)/RTGS( same/next day)- direct deposit to your bank account
The investor's chief problem - and even his worst enemy - is likely to be himself
VituVingiSana
#3 Posted : Tuesday, February 04, 2014 5:21:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,124
Location: Nairobi
faa wrote:
Quick question good people,

if someone executes a sell order and it goes through.

How long does it take to receive funds to bank account.?

What channels can someone use to ASAP receive the funds

thanks

T+3 [though in reality it is T=4] and unless the broker knows or trusts you, it unlikely you can get it sooner than T+4
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#4 Posted : Wednesday, February 05, 2014 8:36:16 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Kingdom, can pay u ASAP for a 1% fee
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