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
Carlito
09/07/2023 at 11:54:02 PDT
How long will it take for my balance to settle?
And so there any way to expedite the process?
FidelityAidan
09/07/2023 at 11:57:49 PDT
Thanks for reaching out to us this afternoon, @Carlito. I’ll be happy to share some insight here. Can you clarify the transaction in which you’re awaiting settlement?
Carlito
09/07/2023 at 17:11:11 PDT
A sale of my stocks
FidelityMarian
09/08/2023 at 06:01:44 PDT
We appreciate the additional information. It is industry standard to have a two day settlement time for stock trades. Keep in mind that these two days need to be when the market is open, so weekends do not count. Please let us know if you have any additionl questions for us!
Carlito
09/08/2023 at 11:30:58 PDT
Could I take it out even if it isn’t settled?
FidelityJames
09/08/2023 at 11:41:26 PDT
Great question! You cannot transfer the funds out of your account prior to settlement. Let us know if you have additional questions. 🟢
Carlito
09/08/2023 at 13:10:47 PDT
I think you shouldn’t follow the industry standard and should be above the standard 😏
Carlito
09/08/2023 at 13:11:27 PDT
Ok sorry I was confused because I saw the word credit so I thought I could take it out on credit and it would repay itself once it settled
Thank you so much!
FidelityShea
09/08/2023 at 13:21:06 PDT
We’re glad we could help out! 🟢

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