Hi guys! I hope you're doing well in your shares...
I got a question... I've been buying and selling since the 3rd of June, but until today, I have seen NO monetary transaction in my Cash Account relating to my shares at all...
How many days until CommSec actually pays me my profits?
Thaynx.
Aidan. =]
The_Bman
10th-June-2009, 04:28 PM
I have typically 3-5 days before trades settle, check the contract notes of your trades. They should specify the settlement date.
Once a trade has settled the funds are available to transfer.
However, if you reinvest 100% of your capital (inc profits from sold shares) none will go in.
beamstas
10th-June-2009, 04:33 PM
How many days until CommSec actually pays me my profits?
When you sell the shares....
shiftyphil
10th-June-2009, 04:46 PM
Trades are settled three business days after the transaction.
The contract note emailed to you will state the settlement date. When buying, make sure the money is in the cash account at the end of that day.
pacestick
10th-June-2009, 04:52 PM
If you sell and buy they use the proceeds of the sale to fund the buy or at least thats what they did to me
awg
10th-June-2009, 04:59 PM
Hi guys! I hope you're doing well in your shares...
I got a question... I've been buying and selling since the 3rd of June, but until today, I have seen NO monetary transaction in my Cash Account relating to my shares at all...
How many days until CommSec actually pays me my profits?
Thaynx.
Aidan. =]
ring them mate, thats what the phone is for:)
then they will tell you exactly
jono1887
10th-June-2009, 06:50 PM
they generally take the money 3 days after you buy, and pay you 3 days after you sell
