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27/11/23
11:05
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Originally posted by poppypop:
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They've changed their withdrawals from 1-2 business days to 2-4 business days. It's now taking me 6 days in total to get my money into my Australian bank account after settlement of my ASX shares. That's $90 lost on $100,000 @ 5.55% or 30 x $3 trades. It used to be in the same day as it was processed for me but not anymore it's now a 6 day wait if it's not processed on a Monday. I'm now looking for another broker without the withdrawal delay Stake has in place while still having cheap brokerage.
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you joking right???? if you withdraw on monday you get it by the same week... all broker use businesses day for withdrawal... example.... you sell your shares... take 2 days to process... then you withdrawal from stake accounts to your banks account... take 2 to 3 days.... i use stake for day trading and fun..... use commsec to nab trade if you eant to hold long term... either way stake is slower by 1 or 3 day compare to other... weekends not counted.....