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Why can’t I immediately see the full proceeds from my stock sale?

After selling a stock, you have to wait until your money reaches your account to either reinvest it or withdraw it - what is often referred to as “settlement”. 

Following a sale, your funds need to “settle” before you can withdraw them to your bank account.

Regular-way settlement is the trade date plus two trading days (T+2) so on the third day, those funds will go into your buying power, and, assuming your withdrawal holding period has passed, funds will appear as withdrawable cash. This is why sometimes the amount available for withdrawal is different from Buying Power.


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