The time it takes to sell units in a fund, then transfer the money to your Kernel wallet, depends on the time at which you complete your sell order.
Each business day, sell orders are processed at 12.05pm with the exception of public holidays. In this instance, orders are processed the next business day.
You will receive the proceeds from your sell order into your wallet within two business days from the processing date.
Example of a sell order placed before 12pm
If you were to place a sell order on a Thursday at 11am, it would be normally be completed late on Friday afternoon. The valuation and order will be reflected as Monday's date.
Example of a sell order placed after 12pm
If you were to place an order on Friday at 3pm, your order would be normally completed two business days later, visible late on Tuesday afternoon. This is because the order starts processing at 12pm on Monday, as explained above.
Note: All withdrawals from the Kernel wallet to your nominated bank are processed each business day at 4pm.