Vanguard funds available to withdraw

Vanguard funds available to withdraw DEFAULT
If I click on "My Account", then "Buy and Sell", then "Buy Vanguard funds", the get a dialog "1. Where's the money going?"

At that point, I can choose the Account. The user interface has a scroll bar that is invisible, so one does not immediately see that there are other options if one scrolls. Plus there is "Add another account", too. Here's a pic:


The user interface does not ask where the money is coming from until later.

Note that I have $0.00 in my settlement fund, but I know I have a credit that is not shown, so I add a fund, put a dollar amount to buy, and click on "Continue." Only then do I see I have a credit:

The option menu allows me to choose something other than my settlement fund for the source of the money including my bank account or check or ….

So, yes, I can confirm that the Vanguard BS user interface sucks.

Last edited by livesoft on Wed Jan 18, 2017 1:24 pm, edited 1 time in total.

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Depending on the type of holdings you’re transferring out of, it may take one or two steps to send money from your Vanguard account to your bank.

Transferring funds from a Vanguard mutual fund or your settlement fund is done in one step:

  • From the Vanguard homepage, search "Sell funds" or go to the Sell funds page. Select your bank account from the drop-down menu in step two under “Where is your money going?”

Transferring funds from a stock, bond, non-Vanguard mutual fund, or other security takes two steps:

Start here to sell an ETF or stock

Start here to sell a non-Vanguard fund

Start here to sell a bond or CD

  • Once the proceeds from your sale settle in the settlement fund, you can transfer the money to your linked bank account. From the Vanguard homepage, search "Sell funds" or go to the Sell funds page. Select your bank account from the drop-down menu in step two under Where is your money going?

You have the option to transfer funds from your Vanguard account to your bank by wire transferor by electronic bank transfer (EBT). Find more information about the difference between the two options.

You can link your bank account here.

In some cases, you may want to transfer money to a bank account without linking it to your profile.

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Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and Vanguard is no exception.

However, bank transfer is the only withdrawal option available at Vanguard, putting it at a slight disadvantage over brokers that also offer withdrawal to credit/debit cards or electronic wallets.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at Vanguard and it took us 2 business days, which is considered fairly average.

To withdraw money from Vanguard, you need to go through the following steps:

  • Log in to your account
  • Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
  • Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
  • Enter the amount to be withdrawn, and, if prompted, a short reason or description
  • Submit your request

Please note that you may only withdraw money to accounts that are in your name.

How To Add Money To Your Vanguard Account

Trading violations & penalties

Freeriding occurs when you buy and sell securities in a cash account without covering the initial purchase.

Example A

You have $3,000 in your settlement fund. You purchase a stock for $4,000. Later that day, you sell the stock for $4,500 without ever paying for the $4,000 purchase. In this instance you incur a freeride because you have funded the purchase of Stock X, in part, with proceeds from the sale of Stock X.

Example B

You have $3,000 in your settlement fund. You purchase Stock X for $3,000 and Stock Y for $1,000. Later that day, you sell Stock X shares you have purchased without bringing in additional cash. In this instance you incur a freeride since the total amount owed for purchases made that day ($4,000) exceeds the settled cash you had to begin the day and you sold one of the securities purchased that same day.


Your account is restricted for 90 days. During this time, you must have settled funds available before you can buy anything.


Withdraw available vanguard funds to

Need to take emergency money out of your retirement fund?

With more than 36 million Americans unemployed in the wake of the pandemic, you are not alone. That’s the largest rise in claims since the U.S. Department of Labor started tracking the data in 1967.

As a result, the federal government changed the rules surrounding retirement accounts so we can take our money out more easily. The changes were part of the massive $2 trillion economic stimulus plan called the CARES Act.

However, Vanguard is advising investors that taking money out of our retirement accounts comes at a cost. Borrowing from your retirement plan may be a better strategy than withdrawing money. Here’s why, according to Vanguard: When you borrow from your 401(k) or other IRA or retirement plan, you generally begin to repay the loan with every paycheck.

“The automatic nature of repayment makes it more likely that the borrowed money will be returned to your long-term savings. Yes, you can repay a withdrawal from the plan for up to three years under the new law, but it can take more discipline and foresight to do so,” the mutual fund giant said in a note to clients.

The biggest risk of any retirement plan loan is that you won’t be able to pay the money back.

If that happens, your unpaid balance is considered taxable income. Typically, you would owe ordinary income taxes and, if you are under age 59½, there is a potential 10% early withdrawal penalty tax as well. The tax burden could be significant, and that could take a serious toll on your savings.

Under the CARES Act, rules are looser now for withdrawals from 401(k) plans and IRAs. Chiefly, the government legislation waived required minimum distributions in 2020.

Should you want to make a withdrawal and if you retirement plans permits it, you can take out up to $100,000 total from all retirement accounts, including IRAs — and that money won’t be subject to a 20% withholding for taxes.

If your plan usually charges a distribution fee for withdrawals, it will be waived if it is coronavirus-related. And if you’re younger than age 59½, the 10% federal penalty tax also is waived.

You would normally owe ordinary income taxes on the withdrawal, but you can pay those taxes over a three-year period, under the CARES Act. Or avoid taxes entirely if you can pay the money back into your account within three years.

Retirement plans that allow loans also doubled the amount that investors can borrow to $100,000 or 100% of the vested account balance, whichever is less. This is until Sept. 23.

If your plan usually charges a loan origination fee, it will be waived.

Loan payments can be suspended. If you already have loans outstanding against your retirement fund, and are affected by the coronavirus, you can suspend your loan payments for up to a year.

Following the suspension period, your retirement fund loan will be recalculated to include interest accrued, and the length of time you have to repay the loan may be extended.

Even if you haven’t been affected by the coronavirus, you can suspend payments on any plan loan until July 15.

Vanguard issued some tips on its website:

  • Start small. While you can withdraw up to $100,000 (or 100% of your balance), you may not want to take out so much. Check your plan whether you can request additional withdrawals or loans.

  • If you have a loan, suspend the payments. The legislation allows you to suspend loan payments for up to a year. Not only will you have up to an extra year to pay back your loan once payments resume, but you’ll have extra money in each paycheck over the next year to help with current financial obligations.

  • Remember to plan for how you’ll repay yourself. The CARES Act allows you to tap into your retirement accounts without penalty taxes and repay the money over three years. Your ability to access money for the short-term needs of today but paying yourself back is important. It means you won’t owe taxes on the money and you also won’t wipe out your hard-earned, long-term retirement funding.

    Erin Arvedlund

    I cover all things personal finance and investing, as well as Wall Street frauds and other miscreants. I'm open to all tips.

How To Withdraw Your Money From Vanguard (Auto-Withdraw)


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