Day 1 – Your application is received by the Carpenters Combined Funds. Your application is reviewed and if approved, it will be faxed to PNC Vested Interest for processing.
Day 2 – PNC Vested Interest will sell investments in your account to raise cash for the gross amount of withdrawal. The participant will see this date on their transaction history as “shares sold”.
Day 3 – PNC Vested Interest awaits to receive cash from investments sold.
Day 4 – PNC Vested Interest receives cash from investment sold, prepares disbursement.
Day 5 – PNC Vested Interest issues check.
Day 6 – PNC Vested Interest mails check.
Days 7 to 10 – Payment is “in transit” being mailed to your home address.