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I helped a friend get set up with TD mutual fund accounts (RRSP and non-registered), that will be converted to e-series accounts. Since she doesn't have a TD bank account, we linked them to her chequing account at another institution.
If anyone has experience with these accounts I'd love to know:
Thanks for your help!
If anyone has experience with these accounts I'd love to know:
- We took a look at the account and noticed that we can't find the linked bank account info from EasyWeb. Is this normal?
- 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?
- 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?
Thanks for your help!