Hi,
why does the release of funds via T212 take different amounts of time?
I’m not talking about the time it takes for the external payment service provider, but rather the notification from T212 that the money is now on its way!
This release often happens immediately, and then—as is the case now—you wait and wait, and nothing happens…
I think it depends if the cash is already settled in your account or not. If you sell the stock immediately, then it takes 2 days for cash to settle. But if you have spare cash in your account, then it will be withdrawn immediately.
In my case the money is uninvested cash.
Uninvested cash is different to cash in bank.
This is the sum of cash in bank plus sales receivable less reserved for pending trades.