How long does it take to sell SATRIX shares.

cn@

Expert Member
Joined
Aug 15, 2016
Messages
3,417
How long does it take to sell your some Satrix shares and receive the money in your normal bank account?

I have a registered online account and I know about the selling function. I would just like to know how long I can expect to wait for the cash in my bank account.
 

azbob

Honorary Master
Joined
Nov 18, 2008
Messages
34,517
And how quickly can you sell shares without being considered a trader and taxed accordingly?
 

zerocool2009

Executive Member
Joined
Sep 4, 2009
Messages
6,741
If you have a debit order for buying, that will take a month to unlock, as in to sell or move!

When I wanted to move satrix etf’s from satrix I did the following:

1. Stop the debit order
2. Waited for the debit order to clear (or unlock)
3. Moved the etf’s

This is if you want to sell it ALL! partially, I recon a few days as the guys are saying
 
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