Vanguard Transactions Take Too Long

[Spanky]

Have you noticed that Vanguard takes a long time before posting the credit to your account? As an example, I bought additional shares of money market fund via electronic transfer from my bank on 4/3/08. My bank account shows that the transaction on the same day. Vanguard took a couple of days to move from Pending to Processed? status, but the increased number of shares is unavailable as of 4/7/08. My past experience tells me that it would take up to 7 days before the increase in shares or balance becomes available. The same thing applies to selling shares from the brokerage account as well. We sold shares of an ETF on 4/2/08. As of 4/7/08 (the settlement date), the account shows a credit but has not yet been posted to our sweeping money account. I am hoping that it will be posted tomorrow so that we can transfer it into our Roth IRA by 4/15/08.

I am not pleased about the delay since money is getting held up. This is so inconvenient. E*trade seems more efficient - the money from selling stocks usually becomes available almost instantaneously or next day (the latest).