Six month T-bill auction timing on Monday

[Anonymous]

I am planning to buy T-bills through the auction tomorrow through Fidelity. I forgot to transfer the money from my bank account last week. If I transfer now, it looks like it will get to Fidelity tomorrow. What time does it need to be in my account tomorrow for the auction? Too tight? Maybe I will just need to wait until the following week, although next Monday is the 4th.

Thanks.

[Anonymous]

I think it's going to not make it. What is your bank that will initiate the transfer on a Sunday? Whenever I've tried to do that, it always has to wait until Monday then it's available Tuesday. In any event, when I have bought Treasuries, they debit the money out of my account by around 12/1pm or so.

[Anonymous]

I wouldn’t count on it being there. IME, the transfer days are *business* days, and the $$ arrives late in the afternoon.

[Anonymous]

OP here. I was actually able to transfer the funds from my bank to Fidelity this morning. It was almost immediately available. Then I quickly entered the order for the T-bills, and it all went through. Just FYI.

[Anonymous]

Anonymous wrote:OP here. I was actually able to transfer the funds from my bank to Fidelity this morning. It was almost immediately available. Then I quickly entered the order for the T-bills, and it all went through. Just FYI.

Good to know. I usually transfer the money Thursday or Friday before.