Stash Learn

Why can’t I use funds from my sale?

So you’ve recently sold an investment, but the funds haven’t appeared just yet. Don’t worry! This is a routine part of the process of selling shares of stocks.

The SEC requires a mandatory 2-day settlement period when selling an investment. When you buy or sell securities, “settlement” refers to the official transfer of securities to the buyer’s account and the cash to the seller’s account. The “settlement cycle” is defined as the time between the transaction date and the settlement date (T+2). 

During this Settlement period, you’ll see your sales proceeds listed as “unsettled sales” in your Stash Portfolio.

After 2 business days, the money should be available and will show in your Portfolio cash. You can then use it to purchase a new investment. In your personal portfolio only, if the money is not subject to any other holds*, it will also be labeled as available to transfer.

Please keep in mind that business days are Monday through Friday, excluding weekends and US bank and market holidays.

If you have any other questions about SEC settlement cycle or unsettled sales, you can reach out to Support here.


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