When you are ready to withdraw money from your iFlip account into your bank account, a few things can affect your withdrawable cash balance:
Withdrawal Methods
You can withdraw your cash the following ways:
- ACH transfer: Withdraw to your linked US bank account. No fees.
- Wire transfer: Get your withdrawal sent by wire instead. Costs $25 for a domestic wire, or $45 for an international wire.
Unsettled Funds
Following the sale of a stock, your funds must go through a settlement period. The length of this period is the trade day plus 1 trading day (T+1). On the 2nd trading day your funds will convert into cash that is withdrawable, assuming you do not re-invest them in another stock.
AML Holding Period
Any funds recently deposited into your iFlip account must remain in your account for 5 trading days before they're withdrawable, assuming they haven't been invested in any stocks.
Example:
- Tuesday - Your ACH transfer hits your iFlip account and converts into buying power
- Wednesday - Day 1 hold
- Thursday - Day 2 hold
- Friday - Day 3 hold
- Monday - Day 4 hold
- Tuesday - Day 5 hold
- Wednesday - eligible for withdrawal