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“Get what you pay for”

Written on: 09/09/2015 by beDuggan330 (1 review written)

iWeb add up to two days to the settlement period. The asset's stated settlement begins up to two days after dealing date at iWeb. This means when you sell an asset that has a four day settlement period first thing Friday morning, you might not see the cash in your account until the Monday of the week _after_ next. That's 10 (ten) calendar days. Ridiculously long. During which of course iWeb are skimming the interest from their thousands of account holders. This was all confirmed by their customer services, but is not backed up by their T&C's so I'm escalating this nonsense to the financial ombudsman.

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