Anonymous
Anonymous asked in Business & FinanceInvesting · 1 decade ago

What is an "ACH" in online investing?

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?

1 Answer

Relevance
  • 1 decade ago
    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.

Still have questions? Get your answers by asking now.