Sale proceeds from my Brokerage account
Settlement of funds
When you sell a security, you can immediately reinvest the cash proceeds into another security. However, funds will be deposited to your Revolut account with Revolut Bank, S.A., Institución de Banca Múltiple only after they’ve been settled. It normally takes 1 trading day.
If 1 trading day has passed, but the funds are still not withdrawn to your Revolut account, make sure to check if there were any market holidays.
If the sale proceeds do not cause you to exceed your $10,000 USD multicurrency limit, then sale proceeds will be deposited to your USD Pocket. If sale proceeds cause you to exceed the limit, then funds will be deposited in your Mexican Revolut account.
Entity
Brokerage accounts are managed by Revolut Securities Singapore Pte Ltd.