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Does anyone know how long it will take for Lowtrades to update an account balance with a wire transfer?
The money was wired from my bank account today, but Lowtrades still shows me at a zero balance. I was hoping they'd have it up by the end of the trading today, so I could start trading tomorrow.
If anyone knows the length of time for a wire transfer to be reflected in the Lowtrades balance it would be great. Otherwise I've got to give these people a call tomorrow.
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Thanks, U4TSAF2. Now if I can just access my funds, hopefully I can generate enough cash to switch to Freetrade
But does anyone if Lowtrades itself will credit the account in a timely manner? Or is it best to notify them of the transfer by phone, just to speed up the process?
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GreenKnight, as a matter of fact, and ironically I called LowTrades today to ask that exact question. I was inquiring about this because I plan on wiring some additional funds tomorrow morning.
I was told that as long as I do it by about 2 or 3pm that the wire should get there that same day and the funds should be available very soon thereafter.
Hope that helps and keep me updated! What time did you send your wire? It should be there in the morning I'd imagine.
quote:Originally posted by Marcidius: What time did you send your wire? It should be there in the morning I'd imagine.
Well I actually filled out the forms for the wire this previous Friday at about 4 pm, once I was off from work. My bank(Washington Mutual) said they wouldn't transfer it because it was after 12 noon. They told me this after I filled out the paperwork of course, so I didnt have much chance to complain.
On top of that, they wouldn't send the wire on Saturday. The bank is open Saturday, but for whatever reason, they don't do wire transfers on a Saturday. But this morning they did transfer the funds from my bank account.
So right now I'm just waiting for Lowtrades to credit my account. When I log in and check my balance, it is listing it as of 1-9-04, rather then todays date. I'm not sure why its behind or if thats involved at all. But regardless, I'm hoping to have the funds in my account tomorrow morning. I've seen far to many stocks jump during this 2 weeks of waiting, and I've missed many opportunities.
By the way, whats your e-mail again, Marcidius? I always forget to write it down then forget which post it is in..lol