It takes 3-6 working days, on average, for an investment to be sold, and the funds to be transferred to your Plum account. The specific duration can vary depending on the fund. The sellout process involves several steps:
Sellout request submitted to our partner.
Partner sells the funds.
Partner sends the funds back to Plum.
Plum deposits the funds into your Plum account.
You can check the estimated arrival date by going to 'Investments,' scrolling down, selecting a fund, tapping 'Activity,' and finding the estimated arrival date.
Important Note: The funds from a sellout are returned to your Primary Pocket within Plum, not your linked bank account.
Withdrawing Funds to Your Bank Account:
After the funds have been deposited back into your Plum Account, you can withdraw them to your linked bank account. Withdrawals are typically processed within 24 hours, and in most cases, it takes around 30 minutes for the transaction to complete.
The withdrawal will appear on your bank statement as "YOUR NAME PLUM" (e.g., "JANET SMITH PLUM").