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Author Topic: FolioIn transactions processing time !

M
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FolioIn transactions processing time !
OP: December 09, 2016, 12:00:00 AM
Hi Guys

This is my first time selling on the trading platform, I sold few notes on Dec 5th, but its still under processing ?! Per FolioIn its supposed to be 1 day settlement ?!

Any idea whats going on!

Thanks

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FolioIn transactions processing time !
#1: December 09, 2016, 12:00:00 AM
Its definitely a several day settlement.  I don't know why.  Suspect it might have something to do with the 4 day ACH delay, and their desire to avoid a transaction where a payment comes in during the transaction.
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D
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FolioIn transactions processing time !
#4: December 09, 2016, 12:00:00 AM
ACH is another area that LC could improve.  The reason for the 4 day delay is that they are PULLING money from the accounts.  If they were to make it simpler to PUSH money to them, the transaction would settle in 2 days.  It would also be nice if they allowed more than one linked account.  Guess it's due to being an investment company as opposed to a bank.  My banks allow up to 3 linked accounts which is far more convenient.
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r
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FolioIn transactions processing time !
#5: December 10, 2016, 12:00:00 AM
 
Hi Fred what are these website bugs? thanks!


from: Fred93 on December 09, 2016, 02:26:32 PM
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T
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FolioIn transactions processing time !
#8: December 12, 2016, 12:00:00 AM
Update: the transactions happened last Monday, Dec 5th and still not cleared.

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T
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FolioIn transactions processing time !
#9: December 15, 2016, 12:00:00 AM
Update , 10 days since first sold transactions, still no update, should i contact FolioIn or LC , i couldn't find a contact email for FolioIn on the website !!

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L
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FolioIn transactions processing time !
#12: December 15, 2016, 12:00:00 AM
Maybe I'm not understanding something you said.
If they were moved to the list of CPP (canceled, payment processing)list from the for sale listings or pending sales, then you have to re-list them for sale when/if they become available to sell again.
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