Online trading with i*Trade@CIMB, Trading using i*Trade@CIMB? join here.
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 Aug 5 2019, 07:53 PM
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#1
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Senior Member
3,928 posts Joined: Jan 2012  
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Hi, newbie here, I've sold a few shares using the cimb itrade app, may I know how long does it take to process until the money appears in my bank account? Do i need to do any additional steps for the withdrawal process? Thank u
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Aug 6 2019, 07:47 AM
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#2
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Senior Member
3,928 posts Joined: Jan 2012
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QUOTE(Cubalagi @ Aug 6 2019, 02:29 AM) U mean the CGS-Cimb itrade, which is the new name? Ahh yeas the cimb itradeWhen u sell a stock, you get the proceeds in 2 days excluding the transaction date. (This is called T+2 btw). The money will go to your brokerage trust account, not your normal bank account. To withdraw from ur trust account to your normal bank account would require an additional process..usually an email. Not sure how long it will take for CGS-Cimb, but won't be too long. Personally I rarely withdraw from my trust account. Probably once or twice a year.  Okay one last question, how do i check the balance in the bokerage trust account. Tqtq |
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Aug 6 2019, 10:33 PM
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#3
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Senior Member
3,928 posts Joined: Jan 2012
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QUOTE(djhenry91 @ Aug 6 2019, 08:23 AM) have to use pc to login itrade > Report > Client summary > find Trust Thank u |
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