When will funds be credited to or debited from my equities account?
The Settlement date of a share trade takes place two trading days (T+2) after an order has partially or fully executed. For example, a trade that executes on a Monday, will settle two trading days later on Wednesday (T+2)
When you’ve bought shares, cleared funds must be available in your nominated account by 8am on the settlement date (T+2). When you’ve sold shares, the credit will be processed on the settlement date (T+2), and should be available to you by the following business day.
For information on how to change your bank account details, click here.
Please note: If you place multiple buys and sells over a series of days, CommSec's offsetting policy may apply.