Have you recently made a deposit or withdrawal to your account? Or, did you get assigned short stock from a short call from a stock or ETF that went ex-dividend? If so, then you may see a Pending Cash entry in your platform. In a nutshell, this is the platform accounting for any future money movement(s). Additionally, the amount listed in your Pending Cash entry is withheld from your buying power to reflect any upcoming money movement(s).
What can cause a pending cash entry?
A recent deposit, withdrawal, owed dividend, Hard-to-Borrow Fees, and margin interest
|Reasons for Pending Cash|
|Recent Deposit||A deposit request that is subject to a 4-business day holding period.|
|Withdrawal||A recent withdrawal request.|
|Owed Dividend||The account owes the dividend from a short call assignment/short stock position.|
|Hard-to-Borrow (HTB) Fee||The account owes a HTB fee from holding a short stock position.|
|Margin Interest||The account holds a position on margin (borrowing money).|
|Stock Award (100 Shares Offer)||The value of the awarded shares will list as a Pending Cash entry for 90 calendar days.|
Where can I see if I have a pending cash entry?
Click the Balances drop-down menu
If your account owes a dividend, an HTB fee, or margin interest, then the platform will preemptively account for it by creating a Pending Cash entry. To see if your account owes anything, click the blue Balances drop-down menu. The balances drop-down is to the right of your abbreviated account number at the top of the platform. Pending cash entries also list in the tastyworks mobile app by viewing your account details by tapping > along the right-hand side of the account listed. Any pending cash entries will deduct from the account's buying power.
How does a pending cash entry appear?
Below is an example of an account that owes a $34 dividend ($0.34/share). The owed dividend will remain on the platform until it is paid out on the payable date. Payable dates will vary.