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-   -   Transfers to your brokerage (http://archives1.twoplustwo.com/showthread.php?t=525324)

icetonez 10-17-2007 08:19 PM

Transfers to your brokerage
 
I've only ever used E*trade. It takes 5+ business days for the money to get to my brokerage account. I initiated my most recent transfer on 10/10, and I just found out it won't be available to trade until Friday 10/19. The money left my checking account on 10/11. This seems like way too long. Is this standard among other brokerages?

Parallax 10-17-2007 08:23 PM

Re: Transfers to your brokerage
 
Not for me...Schwab takes 1 day, Zecco takes 2-3.

MrBlue 10-17-2007 09:08 PM

Re: Transfers to your brokerage
 
Schwab takes a day or two.

Interactive Brokers took 2-3 to get the money and then held it for another 4 business days. $!@#

Jimbo 10-17-2007 10:57 PM

Re: Transfers to your brokerage
 
I use Bank of America and transfer my funds electronically. They are available the next business day or if I need them the same day I just call and they credit my account immediately unless I transferred from my Wachovia credit line, then it takes the full day. Lately instead of using my BOA margin line I've used the Wachovia account since I get that money for prime minus .5%.

Jimbo

stoxtrader 10-17-2007 11:16 PM

Re: Transfers to your brokerage
 
ameritrade ACH is 0-1 days for me.

pig4bill 10-17-2007 11:41 PM

Re: Transfers to your brokerage
 
ETurd is unusually slow with deposits.


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