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Message: Re: Scottrade - Question...Thekid37, It is

Dec 22, 2008 04:37AM

Dec 22, 2008 04:59AM

The branches are required by law/regulation to overnight any check they receive to the BD so that it is available the next day - it doesn't matter if it is a new or an old account. With ACH transfers, you will have a 3 day wait. Your funds are credited, but they are restricted until the funds are actually in the account. HTHs. HML!

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