When you sell stock how long after the sale takes place do you receive your money? What is the process after you sell? I sold shares on Monday so when should I expect the check in the mail?
2007-08-17 02:04:17 · 3 answers · asked by trackman716d 1 in Business & Finance ➔ Investing
Settlement takes three days between the brokerages. If you requested a check it could take another week to tend days past that three days. This assumes you delivered the share certificates at the time of sale or they were in the brokerage account.
2007-08-17 02:09:36 · answer #1 · answered by OPM 7 · 0⤊ 0⤋
Unless you requested a check it'll probably sit in your account.
Stocks settle in 3 days so the money should be ready now.
2007-08-17 09:14:51 · answer #2 · answered by Oh Boy! 5 · 0⤊ 0⤋
1) A nanosecond.
2) Nobody sends checks over the mail anymore. We now have wire transfers.
2007-08-18 01:44:53 · answer #3 · answered by Anonymous · 0⤊ 1⤋