Selling Investments

ETFs & Shares

Simply click the asset you want to sell from your Dashboard and then click the Sell button. Orders will be sent to the market immediately for execution if placed during market hours. Otherwise, it is queued to be executed on the following trading day.

For US shares, please ensure you have sufficient funds in your AU cash account (or Pearler credits) to cover the brokerage fee.

Once the sell order has been executed, you will be able to use the funds immediately to make another investment. If you want to withdraw the funds, you will need to wait until the settlement date (2 business days later). This date can be found by clicking into the order from your Transaction page, as well as your order confirmation pdf.👇

Pearler Micro

Simply click the Micro fund you want to sell from your Dashboard and then click the Sell button.

As a general guideline, we tend to see that Micro orders placed before 4pm are completed on the next trading day. If it is placed after 4pm, it will tend to add another day to that timeline. However, the time it takes for orders to be completed can vary due to the nature of the managed fund product.

The pending transaction will be updated once completed on your Transaction page.

You should stay familiar with PDS and TMD, which outline important information about the fund.

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Withdraw Funds

If you have just completed a sell order, it takes 2 business days for the order to fully settle before those funds are available for withdrawal. This clearing period also applies to funds recently converted from AUD > USD.

USD Cash needs to be transferred to AUD Cash before it can be withdrawn to your bank.

You can access the Transfer and Withdraw option from your Dashboard or from the orange $ button in the pearler app.

It normally takes up to 1-2 business days for the withdrawal to reach your bank.

If you have more questions or would like to share any feedback, please reach out to us via our live chat or email us at help@pearler.com.