sharetrader
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  1. #1
    Junior Member
    Join Date
    Aug 2013
    Posts
    10

    Default After selling shares on asb, is the money made instantly available?

    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

  2. #2
    Senior Member
    Join Date
    Mar 2001
    Location
    Auckland, , New Zealand.
    Posts
    1,408

    Default

    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.

  3. #3
    Junior Member
    Join Date
    Aug 2013
    Posts
    10

    Default

    Cheers mate

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