I'm considering a New Year's move back to Vanguard from Fidelity and JP Morgan, mainly to consolidate and get a better rate on cash than Fidelity is paying on SPAXX.
1. Can someone explain the restriction on money movement for "new" checking accounts? In other words if I push money from Chase checking to Vanguard brokerage, am I only allowed to transfer that money back to Chase checking, or can I later transfer it to Bank of America checking?
2. How quickly does money "push" from Vanguard to an external checking?
3. With the Cash Plus account, can I set a default sweep money market fund, or does it have to be manually bought/sold like I'm currently doing at JP Morgan? If the latter, how quickly can that be done?
4. Does anyone have a business brokerage account? If so, how's your experience been? I have one at Fidelity that acts as a savings account. The only problem is you cannot download transactions in anything other than a PDF, which makes reconciling with accounting software annoying.
1. Can someone explain the restriction on money movement for "new" checking accounts? In other words if I push money from Chase checking to Vanguard brokerage, am I only allowed to transfer that money back to Chase checking, or can I later transfer it to Bank of America checking?
2. How quickly does money "push" from Vanguard to an external checking?
3. With the Cash Plus account, can I set a default sweep money market fund, or does it have to be manually bought/sold like I'm currently doing at JP Morgan? If the latter, how quickly can that be done?
4. Does anyone have a business brokerage account? If so, how's your experience been? I have one at Fidelity that acts as a savings account. The only problem is you cannot download transactions in anything other than a PDF, which makes reconciling with accounting software annoying.
Statistics: Posted by LAMTA — Sat Dec 21, 2024 8:51 am — Replies 2 — Views 103