Do I earn interest on my idle cash?
Yes, you will earn interest on the idle cash in your portfolio. Vested has made available an automatic bank sweep vehicle on free cash in your investment account. The sweep program is FDIC-insured for up to $250,000 in cash and enables you to collect a competitive interest rate on free cash balances.
The amount of interest paid to you will be reflected in your monthly Account statement.
For more information, you can refer to our broker's (DriveWealth) cash management policy
here
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What is unsettled cash?
The proceeds created by selling a security are considered unsettled funds/unsettled cash from the time you place a trade order until the completion of the settlement period. Because stocks have a one-business-day settlement period, proceeds generated ...
How is unsettled cash different from buying power?
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Why can't I see any balance in my buying power? My buying power shows as 0 even when I have cash in my account.
There must be certain unsettled funds in your account and/or you must have incurred 3 or more Good Faith Violations. The time taken for the settlement of trade is T+1 business days. Once the funds are settled, you can see the same in your buying ...
How do I optout/unenroll from the Fully Paid Lending Income Program?
You can enroll or revoke enrollment from the Profile options for your account, through the Vested app. On choosing to revoke enrollment, you will cease to earn any further interest on securities eligible for the Program, and there may be restrictions ...
What are the tax implications on investing in US stocks and ETFs as an NRI?
You will be taxed as per the laws in the country where you are a tax resident. For example, if you are a tax resident of the UAE, you will pay taxes as per the UAE tax laws. Please note that there is a tax on dividends, which are deducted at the ...