It normally takes on average 7 working days for the investment to be sold and the funds transferred to your Plum account.
The length of time it takes for a sellout to complete depends on the fund. This is because we have to communicate the sellout request with our partner and they have to process the sellout and send the funds back to us. The steps go roughly like this:
Sellout request submitted to our partner (usually at around 2PM)
Partner sells the funds
Partner sends the funds back to Plum
Plum puts the funds in your Plum
You can see when it will arrive by going to Investments, scrolling down and selecting a fund, tap 'Tracker' and it should say when it will arrive.
Note: Your sellout goes back into your Primary pocket, NOT your bank account
Once the funds have been deposited back to your Plum Account, you can then withdraw them back to your linked bank account. Withdrawals are processed within 24hrs (typically in around 30 mins), and will appear on your bank statement as YOUR NAME PLUM (e.g. JANET SMITH PLUM).