With Stockpile you have the ability to buy stock for your account with the use of a Debit or Credit card. This will allow you to instantly fund this purchase without having to move cash from your bank. They will still complete at the market on close price and do have a 3% fee on the purchase for processing your card.
If you need to cancel this order though this would be done through your Stockpile Dashboard (main page when you log in). Your pending order will have an action to cancel the order as shown below.
When you go to cancel the order you will have three options that you would be able to take.
- If you're not thrilled with the Stock you chose, exchange it for another stock! As long as it is before the 3PM EST cutoff you can still redeem this purchase for any stock you want.
- Not sure you want to purchase today? Save it for later! The full value will be set aside as a gift card so that you can invest when you are ready.
- Changed your mind? Return the funds to your card. We'll process a refund back to the original payment method. This cash will be back with your bank in no time but please note the 3% processing fee will not be eligible for a refund. (Normally this is reflected in 5-7 business days on your billing statement but can take up to 14 days depending on your bank)