My recent sale of non-Vanguard OEFs at Vanguard have been settling late and Vanguard has not been allowing me to schedule electronic (ACH) transfers to my bank account until T+3 or T+4. For example, the cash from my sell trade on Monday was not made available to transfer out until Thursday AM and I promptly scheduled the cash transfer out at that time but as of Friday night Vanguard still shows the cash transfer as pending (allowing me to cancel the transfer if I wish). I do not encounter similar delays at other brokerages. Vanguard customers, please share your experience.
The Vanguard note for ACH transfer says, "The money from your settlement fund should leave your account no later than the close of the next business day, and you should expect the money to be in your bank account in 2-3 business days afterwards." [Bold added] Vanguard system shows the transfer as still pending.
Bank of America says the following regarding ACH transfers: "When successfully submitted, ACH Credits always post to the Receiver's account by 8:30 AM (Central) on the following banking day – or the same day if you're using Same Day ACH."
With these recent issues at Vanguard, I am less reluctant to make new buys at Vanguard. Is there anything I can do to improve future cash transfers out of Vanguard? In the future, I will use wire transfer instead of ACH, which will also alleviate any holds at the receiving bank. My bank does not charge for incoming wires. What else?