How long does it take for a balance to settle?
Summary of User’s Issue and Solutions Discussed:
- Main Problem: Carlito is inquiring about how long it will take for his stock sale balance to settle.
- Settlement Time: Fidelity representatives inform Carlito that the industry standard for stock trade settlement is two business days.
- Withdrawal Restrictions: Carlito learns that he cannot transfer funds out of his account prior to the settlement of the sale.
- Clarification on Credit: Carlito expresses confusion about the term “credit,” thinking he could withdraw on credit and repay once settled, which is clarified by Fidelity that it is not possible.
Here’s the full thread