Moving money to and from TD Mutual Fund Accounts

1) It is normal, you won't be able to see the account your mutual fund purchases are linked to until you confirm your purchase.

2) You're right. I had it linked to my account within TD and the transaction will show up in a couple of days from your account.

3) I have never redeemed my mutual funds before (since it is in RRSP), so I can't help with this one.

CanadianMoneyBlogger said:

If anyone has experience with these accounts I'd love to know:

1. We took a look at the account and noticed that we can't find the linked bank account info from EasyWeb. Is this normal?
2. How do you fund the account? It seems like when you make a purchase, it will just pull cash from the linked bank account. Is that right?
3. If the above is correct, when you redeem units of a fund, does it deposit the proceeds into your linked account? Doesn't this pose a problem for RRSP accounts? Or do you redeem by switching into a money market fund? Is this done automatically?

Click to expand...

1. Yes. This is normal. When you do a purchase, the deposit is pulled automatically from the checking account.

2. See above. Click "purchase" to fund the account.

3. I've never done a redeem but you can switch out of one fund into another. I don't see this as a problem as you can switch into a money market account.