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Withdrawing funds


markshenton63

Question

Hi, I am a novice on the LG system. Please can someone let me know if we need to leave sold shares in the system for 3 days before they can be withdrawn?

I can see my sold shares value but its not allowing me to withdraw around £5K, the message online says I am exceeding my daily limit, but the limit seems to be £20,000 per day.

Thanks for anyone free to help out there, 

Regards

Mark Shenton 

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On 25/02/2021 at 11:50, markshenton63 said:

Hi, I am a novice on the LG system. Please can someone let me know if we need to leave sold shares in the system for 3 days before they can be withdrawn?

I can see my sold shares value but its not allowing me to withdraw around £5K, the message online says I am exceeding my daily limit, but the limit seems to be £20,000 per day.

Thanks for anyone free to help out there, 

Regards

Mark Shenton 

Hey Mark, 

Please know our settlement period works on a T+2 (T+3 for US shares) basis. This means the cash for these shares won't settle on your account the day you sold them but two (three for US shares) working days. 

Many thanks for your understanding. I hope this clarifies why you can't withdraw your funds at the moment. 

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