How to cancel the spending of funds?
The payment of funds cannot be canceled, but since there is no transfer fee, you can spend them as soon as they appear in your account.
How much can I spend?
The "For expenses" section of your account balance indicates the maximum amount you are able to spend (withdrawal may take 2-3 business days to process). Please take into consideration that the amount credited to your investment account will not be reflected in the "Expenses" section for 2-3 business days.
Meanwhile, before transferring these funds after the sale of securities, it is necessary to make a payment (settlements), which usually takes 2 business days. After three days from the date of payment, the amount will be displayed as an amoun available for spending. However, you can use the proceeds from the sale of shares to purchase new shares before their maturity date.
How to withdraw my funds?
The funds in your investment account are split into two categories: the trading balance and the spending balance. You can transfer the funds reflected in your balance to bank accounts (card or current account) at ABB only for expenses. If you would like to transfer funds to your bank account in AZN or any other currency, the amount transferred will be automatically converted to the appropriate currency at the current exchange rate. The withdrawal of funds from your investment account will be immediately reflected in your bank account.
Limits on money withdrawal
The upper limit on funds withdrawal from your investment account is 50,000 AZN daily or the equivalent in foreign currency and 150,000 AZN or its equivalent in foreign currency monthly.
Issuing revenues from sales
The funds from the sale of securities from your investment account are immediately reflected in the "trading balance" of your investment account. These funds are displayed in the "expense balance" in approximately 2 business days after the purchase-sale transaction and can be spent subsequently.