Settlement Period for ETF Sales
Main Problem:
- Jim is unsure if he can process his rollover paperwork at Fidelity before his IRA funds settle, as they currently show as “Unsettled.”
Solutions Discussed:
- Fidelity clarified that stock and ETF trades settle two business days after the trade date (T+2) and suggested checking the settlement date in the “Activity & Orders” tab.
- Fidelity advised that processing should ideally wait until the funds are settled, as they cannot bypass settlement times.
Here’s the full thread
I’m doing a reverse-rollover from my Rollover IRA into my employers 401k. I just sold out of my positions in my IRA today, and I’m completing the requisite documentation now. In my Positions tab, however, the funds show as “Unsettled”.
If I take the paperwork to Fidelity tomorrow for processing, will they be able to complete it? Or will I have to come back in a couple of days when the funds are marked “Settled”?
By “tomorrow”, I now mean “today” 😅
We appreciate you reaching out, @Jim Covert.
Stock and ETF trades settle two business days after the trade date (T+2). You can view the date that the trade will settle and reflect in your “Cash Available to Withdraw” balance by expanding the line item in your “Activity & Orders” tab.
If we can be of assistance in the future, please don’t hesitate to reach out. We’re happy to help where we can. 🟢
Thank you for the response, but my question still stands. Can I take my documentation to Fidelity for processing before the funds are settled?
I’m specifically going in to get this processed because I don’t have another way to get the required Medallion stamp. So I’d like to know if I’ll be turned away before I make the trip, or if it will be ok?
Hey again, @Jim Covert, happy to chime in here. We won’t be able to bypass settlement times, so it’s best to wait until the funds are settled before processing anything as a general practice. 🟢