I have been a long time user of RBC Access USA. This is a great cross border product for Canadians looking to access funds in the US.
When I applied, I was set up with an account in Canada, and an account at a US bank. The Canadian account is at RBC Royal Bank, and the US account is with RBC Bank.There is an easy web service to move funds between the two accounts with one log-in.
RBC has two versions of the account RBC Access USA, and RBC Access USA Preferred. There was a no fee product when I first signed up, but now, the first has fees of $2.95/month and the second $19.95. Both accounts offer no fees on the PNC Bank ATM Network, and no RBC bank fees on Visa, NYCE or PLUS ATM.
My personal plus is the ability to write cheques on a US bank account. This comes in handy for direct investing where a US cheque is required (more than simply a cheque from a Canadian Bank in US funds).
Find out more from RBC here: RBC Access USA
Showing posts with label RBC Access USA. Show all posts
Showing posts with label RBC Access USA. Show all posts
Sunday, August 4, 2013
Sunday, April 19, 2009
DRIP Investing
I've been researching options for DRIP (Dividend Reinvestment Plan) Investing.
I'm currently using BNY Mellon (Choose investment plan enrollment) . This is where my holdings for General Electric, AmBev, and China Mobile are. I enjoy the website, easy to use. You get an investor number, where holdings are grouped. My only complaint is that my GE and CHL holdings are under on number, but my ABV was issued under another. Note, there is an option to group IDs together if you have multiples, but this involves a phone call and I haven't done that yet. There are plenty of holdings to choose from, I'm thinking of adding American States Water Company (AWR) , and Waste Management Inc (WMI).
The other option that I'm looking at is Computershare. This is the transfer agent for Walmart, Coca-Cola, McDonald's, Exxon and so on. This looks like a good option and one I'm wanting to try soon. The only issue is that all foreign investors have to invest via a mail in form, no online access. I will report soon.
Note all of these require US funds drawn on a US bank. I've used RBC Access USA to establish a US bank account. See my previous post,RBC Access USA.
I'm currently using BNY Mellon (Choose investment plan enrollment) . This is where my holdings for General Electric, AmBev, and China Mobile are. I enjoy the website, easy to use. You get an investor number, where holdings are grouped. My only complaint is that my GE and CHL holdings are under on number, but my ABV was issued under another. Note, there is an option to group IDs together if you have multiples, but this involves a phone call and I haven't done that yet. There are plenty of holdings to choose from, I'm thinking of adding American States Water Company (AWR) , and Waste Management Inc (WMI).
The other option that I'm looking at is Computershare. This is the transfer agent for Walmart, Coca-Cola, McDonald's, Exxon and so on. This looks like a good option and one I'm wanting to try soon. The only issue is that all foreign investors have to invest via a mail in form, no online access. I will report soon.
Note all of these require US funds drawn on a US bank. I've used RBC Access USA to establish a US bank account. See my previous post,RBC Access USA.
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