As a small saver in equities and mutual funds, I trade with both Avanza and SEB.

    It is easy and smooth to buy and sell shares at Avanza. As soon as I have sold a shareholding, the money is available in my account within minutes.

    But with SEB, it takes several days - almost a week - before I can withdraw the money. I can buy shares for them, but not use them as cash. Then of course one wonders why I cannot withdraw the money right away? What does SEB use my money for in the meantime?

    I have cleared up the confusion. Avanza takes a small fee when making the money instantly available at your account. The regular banking delay is two  days before the money is available in your account.