There is nothing more disturbing than hearing grown men baby talk, even if it's to a baby. Originally Posted by JdeHogIt's ok JdeHog. Couchy, couchy coo to you.
Sold some stock before noon on Friday, funds to be disbursed by wire transfer. Brokerage estimates it will be next Thursday before the funds hit my bank account. WTF? That's about the same amount of time as to send a check by US mail. However the wire transfer has the advantage of being routed directly to my, uh, alternate bank account.Remember it takes 3 days for the trade to clear, so if any of the funds you are receiving are from that sale then that is the hold up.
Seems crazy to take that long though. I thought a wire transfer itself was near-instantaneous but I was told it's due confirmations on the pending trade or something like that. Weird. Originally Posted by SpankyJ
Remember it takes 3 days for the trade to clear, so if any of the funds you are receiving are from that sale then that is the hold up. Originally Posted by milkcowYeah, you're right that's it. Seem kind of ridiculous in this day and age that it takes trades 3 days to clear though. Not sure what the reason for it is.