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Sale proceeds take three working days to clear, can I access them sooner?

April 26, 2017clear days proceeds sale sooner working

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Sale proceeds take three working days to clear, can I access them sooner?

1 Answer

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10 Posted

Yes. The sales proceeds are available immediately for reinvesting through your Lloyds TSB Share Dealing account. However, if you have chosen to have sale proceeds paid to your bank account, the sale proceeds will take three working days to clear or, in the case of OEIC and unit trust sales, four working days. We have to wait for the trade to settle and only once cleared funds are available can we transfer the cash to your bank account.