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 ...
Can I transfer cash without transferring shares?
Yes. You can transfer only cash without transferring any securities, as long as your source broker supports cash transfers. This option is shown during the transfer flow.
How is unsettled cash different from buying power?
Buying power is defined as the cash/dollar amount available for trading in the account. For unrestricted cash accounts, buying power includes your settled cash + unsettled cash (all buy trades are debited, and all sell trades are credited from the ...
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 ...