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Wednesday, January 07, 2004 12:46:05 AM
Ameritrade Canada.. and other oddities..
Just wondering if you belong to such a beast already or just thinking about it?
I am wonderng how to get money in - from what I gather I can WIRE the money from TD to "them". Except TD Waterhouse said they cannot wire money straight to the Brokerage but instead my wire to the bank. He mentioned a brokerage firm and they used Bank of Montreal (until he said that I had no idea of that brokerage-banking relationship). To get money to the brokerage the money would be wired to the bank and then I guess deposited in my account at the brokerage.
Talk about crock.
OT or perhaps on topic: I ended up setting up an account at ING a few years ago - the theory was I was saving "myyyyyy money". But in fact I actually use the account more for pushing money around. I have three accounts linked - a Royal Bank US; My TD and another Royal Bank CAN. I can then go to ING and move money from "TD" into ING and then from there into ROYAL - saving the time to go to the bank and the hassle with checks. Likewise TD sends me a US$ check - I deposit at ING US account and then I can login and move the money to my Royal Bank US -- my TD US credit card automatically debits my Royal Bank US account (for purchases). I would have a TD US bank account at TD Canada Trust except they changed their plans and want like $4US FEE each month. Royal Bank US pays no interest but also no fees.
But for some anile reason:
(A) ING puts a hold on Canadian checks - 7days and a ludicrous speed of 30days for US (!!). if in a hurry that is useless but typically my needs are less time sensitive and I get "ok" interest on the money from the day of the deposit - (we are talking small feed here)
(B) ING for whatever reason allows only THREE linked accounts. I said "but it is all electronic". What a crock of seagulls!
(C) I was hoping - I could someone create a link from ING to the Ameritrade or something. But alas no - since I would have to have a bank account with THEIR bank. (plus the 30day hold).
The things I do for England...
$oB - Son of a Banker..
Just wondering if you belong to such a beast already or just thinking about it?
I am wonderng how to get money in - from what I gather I can WIRE the money from TD to "them". Except TD Waterhouse said they cannot wire money straight to the Brokerage but instead my wire to the bank. He mentioned a brokerage firm and they used Bank of Montreal (until he said that I had no idea of that brokerage-banking relationship). To get money to the brokerage the money would be wired to the bank and then I guess deposited in my account at the brokerage.
Talk about crock.
OT or perhaps on topic: I ended up setting up an account at ING a few years ago - the theory was I was saving "myyyyyy money". But in fact I actually use the account more for pushing money around. I have three accounts linked - a Royal Bank US; My TD and another Royal Bank CAN. I can then go to ING and move money from "TD" into ING and then from there into ROYAL - saving the time to go to the bank and the hassle with checks. Likewise TD sends me a US$ check - I deposit at ING US account and then I can login and move the money to my Royal Bank US -- my TD US credit card automatically debits my Royal Bank US account (for purchases). I would have a TD US bank account at TD Canada Trust except they changed their plans and want like $4US FEE each month. Royal Bank US pays no interest but also no fees.
But for some anile reason:
(A) ING puts a hold on Canadian checks - 7days and a ludicrous speed of 30days for US (!!). if in a hurry that is useless but typically my needs are less time sensitive and I get "ok" interest on the money from the day of the deposit - (we are talking small feed here)
(B) ING for whatever reason allows only THREE linked accounts. I said "but it is all electronic". What a crock of seagulls!
(C) I was hoping - I could someone create a link from ING to the Ameritrade or something. But alas no - since I would have to have a bank account with THEIR bank. (plus the 30day hold).
The things I do for England...
$oB - Son of a Banker..
"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)
"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.
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