Jump to content
  • 0
Sign in to follow this  

Transfer funds

Question

Hi,

 

I sold some shares in my share dealing account this afternoon so I could transfer the funds to my spread betting account but it won't allow me to transfer the funds? Why is this and when will I be able to transfer the money?

 

Cheers,

 

Dan

Share this post


Link to post

3 answers to this question

Recommended Posts

  • 0

Hi ,

 

Standard UK share settlement is T+2, which means you have to wait 2 days before you can withdraw or transfer funds between the accounts. In the meantime, you can re-invest your proceeds within the Share dealing account.

 

Thanks,

 

Kieran W.

Share this post


Link to post
  • 0

Hi - sorry for not getting back to you sooner. 

 

The same rules would apply for moving the funds back to your bank, or an alternative IG account. Due to the international settlement process all funds must stay in the account which they were sold in until this period is over. It's worth noting however that you can still purchase new shares in the same account if required. 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      11,842
    • Total Posts
      59,976
    • Total Members
      79,632
    Newest Member
    marwan91
    Joined 03/08/20 09:54
  • Posts

    • *parp!*  Ooh what's that smell!  
    • Using Spread bet is not suitable for scalping in my view , you get filled and exit at a poor price and its hard to cover a spread. Depends on what your definition of a 'scalp'  is though   Share dealing is  a lot better for US stocks (no fees) but you need the capital and can only go long. 
    • The point Rayner was making is if you only have a five point target and your win rate is not very high it is probably not a viable strategy.
×
×