Broker withdrawals blocked

[Overnight]

///My avatar picture is me... naked.
..

No, it's your pet dog with a bondage ball in it's mouth. You know I have always believed this, much to your chagrin.

 

[eastern_warrior]

ACH fraud is huge and an ACH in and out within a day is a red flag. Wait three days or do a wire next time. https://www.fico.com/blogs/ach-fraud-rising-and-new-nacha-measure-leaves-gaps

 

[tomorton]

funny guy.... I think it is because I deposited the funds via ACH just yesterday... anyway I will find out tomorrow.. one of these days I will follow thru and get an account with CMEG and be done with this madness of US based brokerages...

I have to ask - why would you deposit funds with a broker one day and withdraw them the next?

I'm not prying, I'm not asking why did you, just why would anyone.

 

[murray t turtle]

I have to ask - why would you deposit funds with a broker one day and withdraw them the next?

I'm not prying, I'm not asking why did you, just why would anyone.

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Good tough question,@ first glance looks like fraud, may not be , but looks like red flag activity
[Question 2] WHATs the exact meaning of ''madness of US based brokerages?? ''

 

[TrailerParkTed]

%%
Good tough question,@ first glance looks like fraud, may not be , but looks like red flag activity
[Question 2] WHATs the exact meaning of ''madness of US based brokerages?? ''

I remember one scenario of blocked ACHs. a trader transferred $5,000 to their account, turned it to $50,000 same day and tried transferring the $5,000(The old check kiting) back because he had no funds. The broker froze his account till his family wired them $5,000 to hold for ten days.

 

[murray t turtle]

I remember one scenario of blocked ACHs. a trader transferred $5,000 to their account, turned it to $50,000 same day and tried transferring the $5,000(The old check kiting) back because he had no funds. The broker froze his account till his family wired them $5,000 to hold for tsn days.

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MY old community bank used to fed wire in funds free to brokerage account . But we were never dumb enough to try to withdraw funds within 24 hours. EVEN on money/trades they know+/ that its good/ its still trade +2 to clear.