If you’re selling shares, or have recently sold them, the next question is usually: when will the money reach my bank account?
Many investors want to know how long it takes to receive money after selling shares, especially when selling issuer-sponsored shares without a broker.
In most cases, once shares are sold there is a two-business-day settlement period with the ASX, followed by payment to your bank account one business day after settlement. Bank transfer times can sometimes affect when the funds appear in your account.
With Unbroker, settlement timing depends on the service used to sell your shares: Same Day Sale & Settlement or Standard Service (T+2). The exact settlement date is listed on the contract note issued after the sale.
Once settlement occurs, payment is transferred to your nominated bank account the following business day.
What Is Settlement?
Settlement is the point when the transaction is officially completed — meaning:
- The shares are transferred to the buyer
- The funds are transferred through the clearing system
The settlement date is always shown on your contract note, which is the confirmation document issued after the sale.
Settlement Types with Unbroker
The time it takes for settlement depends on the type of service used when selling shares.
|
Settlement Type |
Meaning |
Timing |
|
Standard (T+2) |
The standard ASX settlement cycle |
2 business days after the trade date |
|
Same Day (T+0) |
Payment for the sale is expedited, allowing sellers to receive funds the same day |
Settlement occurs the same business day |
Once settlement occurs, funds are paid to the nominated bank account the next business day.
Timeline
Here’s how a typical share sale works:
1. Application and identity checks completed
Your sale request and documents are submitted and reviewed. This is usually completed the same day, or within 1 business day for standard sales.
More information on submitting an application with Unbroker can be found here. View our ID verification process here.
2. Shares sold
Once approved, the shares are sold on-market.
For Same Day Sale & Settlement, applications completed before 1pm (Sydney time) are sold the same day. Applications received after 1pm may be processed and sold the next business day.
For Standard service, sales are typically executed within 1–2 business days.
3. Contract note received
A contract note confirming the trade is issued after the trading day ends.
4. Settlement occurs
Settlement happens the same day (T+0) or two business days later (T+2) depending on the service used.
The settlement date is listed on your contract note.
5. Funds paid
The sale proceeds are transferred to your nominated bank account one business day after settlement.
Where to Find the Settlement Date
The contract note issued after your shares are sold will show:
- Trade date
- Settlement date
- Number of shares sold
- Sale price
- Brokerage or service fees
If you’re unsure when you will receive your funds, the settlement date on the contract note is the key detail to check.
Final Answer: When Do You Get Paid?
You will receive your money one business day after settlement.
Since settlement depends on the service used (Standard T+2 or Same Day T+0), the total time from selling shares to receiving funds is typically 1–3 business days.
Ready to Sell Your Shares?
Frequently Asked Questions
Yes — if your shares are issuer-sponsored and registered in your personal name, you can sell them online without opening a trading account. For more information, click here.
Yes — shares registered in joint names can be sold online through Unbroker, as long as both shareholders complete the ID verification process. For more information on how to sell your joint holdings, click here.
100 points of ID is a document-based identity check used in Australia. You’ll need to provide certified copies of documents—like a passport, licence, or utility bill—that add up to 100 points. For more information on 100 points of ID click here.
If your shares are issuer-sponsored and you have the SRN, you can sell them quickly online using Unbroker—no trading account required. To learn more about selling issuer-sponsored shares in Australia, click here.
Yes — if your shares are issuer-sponsored, you can sell them online through Unbroker without opening a trading account or using a full-service broker. For a quick guide to selling shares with Unbroker, click here.
Yes — if you're acting under a valid Power of Attorney, you can sell issuer-sponsored shares through Unbroker by providing the required documents and ID. To find out what’s required when selling shares under a Power of Attorney, click here.
An SRN identifies shares held directly with a share registry, while a HIN is used for shares held through a broker. Unbroker can only sell shares registered with an SRN. To learn more about the difference between an SRN and a HIN, click here.
Yes — if you’re acting as an executor or legal representative for an Estate, you can sell issuer-sponsored shares through Unbroker by providing the required estate documents and ID. For more information on selling shares belonging to an estate, click here.
That’s fine — both shareholders can authorise the funds to be paid into one person's account using a signed authority form provided by Unbroker.
A one-off share sale lets you sell issuer-sponsored shares without opening a trading account or using a full-service broker — perfect for casual or one-time sellers.
Unbroker specialises in one-off share sales — no trading account, no upsells, and no ongoing fees. We're built for people who just want to sell and move on. For a detailed comparison, click here.
Most share sales settle within one to three business days — including ID verification, trade execution, and payment. Unbroker offers same-day sale and settlement, enabling you to receive your funds one business day after the sale. For more information on sales and settlement timelines, click here.
Yes — if you have your SRN and ID, you can sell issuer-sponsored shares through Unbroker without logging into the registry. Click here for more information.
Yes — if the shares are registered in the company’s name, they can be sold through Unbroker with the proper documentation and ASIC verification. Click here to see our full guide on selling shares held company.
Yes — if the shares are registered in the name of your trust or SMSF, you can sell them through Unbroker by providing the deed, trustees ID and any supporting documents. To learn more, see our full guide on selling shares held by a family trust or SMSF here.
Yes — if your ESS shares are issuer-sponsored and registered in your name, you can sell them through Unbroker without needing a trading account. For more information on selling shares from an ESS, click here.
Yes — as an overseas resident, you can sell issuer-sponsored shares through Unbroker by posting original certified ID. For more information on our international ID requirements, click here.
We’re required by law to verify the identity of each registered shareholder before processing a sale — it helps prevent fraud and ensures compliance with ASIC and anti-money laundering regulations. For more information on ID verification, click here.
Your SRN is usually found on a holding statement or letter from the share registry — it’s required to sell issuer-sponsored shares through Unbroker. For more information about what an SRN is, click here.
Yes, it’s still possible to sell shares if you can’t find your SRN. In many cases, Unbroker can retrieve your SRN for you and handle the sale process without needing to contact the registry. For more information, click here.
Yes — as long as you're using a licensed and compliant provider like Unbroker. We verify all sales, protect your information, and never ask for upfront payments. For more details on how Unbroker keeps your transactions secure, click here.
Yes — as a parent or legal guardian, you can authorise the sale of shares held by a minor by providing certified ID and signing an authority form.
Yes — as long as your IPO shares are issuer-sponsored and no longer subject to escrow, you can sell them through Unbroker without needing a trading account. To get started today, click here.
If you’ve lost your holding statement, you’ll need to contact the share registry to request a replacement. Once you have your SRN, you can sell your shares through Unbroker.
Yes — as long as you can provide certified evidence of the name change (e.g. marriage certificate or name change certificate), Unbroker can help process your share sale. For more information, see our full guide on selling shares when your name has changed here.
Funds are paid one business day after settlement.
Depending on whether you choose Same Day Sale & Settlement or Standard settlement, you’ll receive your money within 1–3 business days. For more information, click here.
Yes — you don’t need a TFN to sell your shares through Unbroker.
However, if no TFN is recorded on your shareholding, the registry may withhold tax from any dividends you’ve received. This doesn’t affect the sale itself.
If the shareholder can’t sign, someone else may be authorised to act under a valid Power of Attorney or court order. We’ll need certified documents confirming their authority before we can proceed. To find out what’s required when selling shares under a Power of Attorney, click here.
Yes — shares registered with an account designation can be sold through Unbroker, provided the authorised person completes the required verification process. Click here to learn how the process works.
