How many days will the owner of the license take to make a deposit (liquidation of the money) in my clients bank account?

The PLH (or Principal License Holder) does NOT hold back money unnecessarily. As soon as the money is available, the money is credited to the appropriate account.

You need to be 100% cognizant that, under a sponsorship agreement, your client will NOT touch customer funds. They can only touch their own commission money. Everything else is customer funds and are held in an FBO (for benefit of) account.

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This page was last updated on February 8, 2023.

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