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How long after the sale of an asset, will the money or funds appear in my cash account?

The time it will take for an asset that is sold to ‘settle’ and the funds to appear in your cash account depends on the type of asset sold and the settlement time frame of the investment.

Domestic shares and ETFs

Generally, domestic shares and Exchange Traded Funds (ETFs) will settle as soon as they have filled at market. However, if you are selling shares to facilitate the closure of your account there is a settlement period of the trade day plus two days (T+2).

Please be aware that the cut-off time for same-day trading is 4:00 pm (AEST).

International Shares and ETFs

For Super Accelerator accounts, international shares and ETFs are set up to auto-convert to and from AUD with the Netwealth sub-custodian before a trade. As a result, there is a settlement period of the trade day plus two days (T+2).

For Wealth Accelerator accounts, we will seek your instructions in relation to converting amounts to and from AUD and foreign currencies. This can make the settlement time vary depending on your response time.

Please be aware that the cut-off time for same day trading is 2:00 pm (AEST).

Managed funds

Generally, most managed funds will settle within five to seven business days.

However, some managed funds have specific redemption dates. You can find further information on an asset’s specific redemption date in the asset’s Product Disclosure Statement (PDS), which can be found through the ‘Compare Funds & Models’ tool found on our website.

Please be aware that the cut-off time for same day instructions to be sent to the Fund Manager is generally midday (AEST).

Managed accounts

Settlement for managed accounts will depend on the underlying assets being traded. Refer to the asset timeframes detailed above.

Please be aware that the cut-off time for same day processing is 10:00 am (AEST).

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