What is the Unsettled Cash balance in Emma?
The Unsettled cash balance represents funds you have received from selling your investments or transfers from easy access pots that haven't settled yet.
It takes 1 working day for Easy Access Pots and 2 for sell orders. You can re-invest this money before settlement or withdraw once it settles.
When investing in Emma, you are buying and selling US based stocks. This market settles each transaction at T+1 where T is the day you have sent the instruction to sell or buy. It takes two days to receive your funds in Emma since after settlement these are transferred from the US back to the UK.
Easy Access Pots are not Instant Accounts and require one working day to withdraw funds if the instruction is sent past 10.30am.
45 Day Notice Pot withdrawals will take at least 45 days for the cash to settle. This depends on what day and time the withdrawal instruction is sent, and whether the 45th day is a working day.
It takes 1 working day for Easy Access Pots and 2 for sell orders. You can re-invest this money before settlement or withdraw once it settles.
Why is the money not settled right away?
When investing in Emma, you are buying and selling US based stocks. This market settles each transaction at T+1 where T is the day you have sent the instruction to sell or buy. It takes two days to receive your funds in Emma since after settlement these are transferred from the US back to the UK.
Easy Access Pots are not Instant Accounts and require one working day to withdraw funds if the instruction is sent past 10.30am.
45 Day Notice Pot withdrawals will take at least 45 days for the cash to settle. This depends on what day and time the withdrawal instruction is sent, and whether the 45th day is a working day.
Updated on: 04/12/2024
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