Why do I have to wait one day after selling shares to receive my proceeds?
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The one working day (T+1) settlement period is a standard process in the stock market that requires 1 working day for transactions to be completed.
Xapo Why do I have to wait one day after selling shares to receive my proceeds?
The one working day (T+1) settlement period is a standard process in the stock market that requires 1 working day for transactions to be completed.
This period of time is required for the transfer of securities from one party to another to be confirmed and finalised. It is to ensure that everything is in order and the transaction is valid before the money from the sale of stock is made available to the seller.
When a sell order is confirmed in Xapo Bank, the one-day settlement period starts. It will then take 1 working day for the process to be completed. Upon completion, the money you made from the sale will be made available in your Xapo Bank account.
For example:
- If you sold stock on a Monday, the funds would typically be credited to your Xapo account that Tuesday.
- If you sold stock on a Friday, the funds would typically be credited the following Monday (as we only count working days).
If you require assistance, please reach out to us via in-app chat or email[email protected]. We would be happy to help.
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