Taking out money from stock investment !!

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One of my relative left US permanently and is in another country now ,he says he still have some money in the US stocks ,how can i help him to get that money or do he need to come here in order to sell his stocks? I have zero knowledge about stock market and how it works ,I would like to hear some serious suggestions.

harrybutt · Jan 1, 2014 11:53 AM · 13,117 views

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Sell the stock online and wire transfer money into checking.... Shouldn't be a problem

I485 · Jan 1, 2014 12:17 PM

@i485 tx for the info ,but can i sell his stocks and transfer money in my a/c or not? 

harrybutt · Jan 1, 2014 2:31 PM

If you sell your stock, money will be depisited into you bank. But not sure you can do wire transfer, unless you have set up it earlier.  Last time I went to my local bank for wire transfer: Needed to be present  with positive photo ID. Best way: write a check to you friend and ask him or her to wire you.

MaGorkhe1 · Jan 2, 2014 8:32 AM

Sell the stock and have the money transfered via ACH or wife transfer. If that doesnt work you can ask the Broker to mail you a check. You may have to ask your relative to call the Broker otherwise they are not authorized to give it to you.

nicollet · Jan 2, 2014 2:57 PM

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