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View Full Version : After selling shares on asb, is the money made instantly available?



russbus
16-10-2013, 06:13 PM
Hello all,
This was probably asked somewhere else but I could not find it.
I am intending on selling out of a few of my holdings first thing tomorrow morning and putting it into another stock. After I sell the shares will I be able to use the money made instantly? or is there a delay? ( minutes? hours? days?). They are all very liquid companies and I will be selling at market price.

Russbus

Jay
16-10-2013, 07:31 PM
As far as I know, the funds are avaiable straight away ( well it has worked for me, as I am with ASB and Direct) to purchase further shares but not for withdrawl that is T3 - 3 days from the sale.

russbus
16-10-2013, 08:45 PM
Cheers mate