Please note that funds must be in your teen’s buying power (not stocks!) for 5-7 business days, which is why withdrawable funds may not match your teen’s buying power.
So, if you sell a stock on the 1st, the earliest you can withdraw is the 7th (that’s 5 business days!).
The funds will land in your connected bank account within 1-2 business days.
Converting Stocks to Buying Power
Ask your teen to
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Open the app
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Sell the stock by clicking “Sell” on the desired stock page
Troubleshooting
It’s been more than 7 business days, and I still cannot withdraw funds. How come?
Please contact support@joinbloom.co, and we can help you specifically. But, here are the most common reasons:
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You are attempting to withdraw to a different bank account than what you deposited. Funds must be returned to the same bank account.
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You only have a debit card connected. In this instance, please connect a bank account. Let us know if you need help!
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You have a transaction due to a returned deposit. Please email us if you think this is the case, and we can help!