What is an "ACH" in online investing?

Question

I am looking at sogoinvest.com. Someone on answers said an ACH through them takes 4 days. What does this mean? What happens if I buy 100 shares of XYZ and it goes way up in 4 days?

Answer 1

Favorite Answer

ACH is a transfer from your bank to the investment company and vice versa. This is the time it takes for the transfer to happen. If you bought 100 shares and they went way up... you could sell them immediately (usually)... but you wouldn't get the money from the sale until 4 days after you request it from the investment company.