The forms were sent over night to the bank, but it took 2 months for the bank to produce the check. In numerous other transfers it never took more than ten days to complete the transaction.
Mutual funds have to process transactions the day they are received.
Normally banks take no longer than two weeks to process requests. Transfers from stock brokers can take up to three weeks. If moved electronically, transfers from mutual funds can move in four days. Our suggestion is to check into the transaction if it hasn't been completed within three weeks. This web site is supported in part by the University of Missouri Outreach and Extension Outreach Development Fund .