Unsettled cash in tda

[Dasein]

Quick question. I know I saw this posted here, but searched and can't find it, how long does it take after selling a penny stock for the funds to settle in account? Thanks in advance.

[cbenitez]

I believe it is 3 business days. Not fully sure though.

[cyburfer]

   The countdown starts the day you buy the stock.. buy Monday and the money "settles" on Thursday. You can sell anytime but can't reuse the funds for non-marginable stocks until the 3 days is past. If you were asking about a cash withdrawal though it would be another 3 days after you sell the stock after it's gone through the "unsettled" and "Money Market" phases it goes through.. At least that is what seems to be the case to the best of my limited knowledge.   Cy...     

[Dasein]

Thanks guys.

[Dr PennyStock]

Thanks guys.

If the stock you sold, was bought more than 3 days before, the money is ready to be used to buy another stock immediately.

[Dasein]

Thanks Doc.