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Fund transfer
Old 08-02-2010, 02:23 PM   #1
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Fund transfer

How long might it be supposed to take for an ACH transfer from a mutual fund to a checking account? This is the first month I'm taking my muni bond interest instead of reinvesting. The fund company shows the transfer initiated on Friday, 7/30, but it hasn't hit my bank yet. Just wonder if it takes 2-3 days normally or what?
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Old 08-02-2010, 02:29 PM   #2
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It takes about 1-2 business days for the money to show up in my checking account.
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Old 08-02-2010, 02:31 PM   #3
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Thanks, do you notice it after the close of business or sometime during the business day? Just wondering if I should wait to check in the evening today.
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Old 08-02-2010, 02:33 PM   #4
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My transfers get credited in the early morning.
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Old 08-02-2010, 02:35 PM   #5
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OK, so maybe tomorrow. I don't need it to stay in the black, just looking forward to seeing it actually work properly.
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Old 08-02-2010, 02:42 PM   #6
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I don't know who you are banking with, but for amounts lower than $10K, I find that the quickest way to transfer money from my Vanguard account to my checking account is to use my Vanguard MMF's check-writing privilege and deposit the check to my bank account which gets credited immediately.
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Old 08-02-2010, 02:43 PM   #7
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http://en.wikipedia.org/wiki/Settlement_(finance)

"In the U.S., the settlement date for marketable stocks is usually 3 (three) business days after the trade is executed, and for listed options and government securities it is usually 1 (one) day after the execution."
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Old 08-03-2010, 12:02 PM   #8
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It showed up in my acct. this AM. So that's a good thing.
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