Author Topic: Which discount banks/brokerages - Canada to California  (Read 684 times)

kimac

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Which discount banks/brokerages - Canada to California
« on: November 03, 2017, 11:41:34 AM »
Hi all,

I'm relocating from Canada to California (Bay Area). I'm 29 and have a family of 4. Right now I use a Canadian online bank, and use Questrade, an online discount brokerage. We keep a moderate checking/savings balance for unforeseen circumstances. With the brokerage, our portfolio consists of 4-6 ETFs which are buy-and-hold, with periodic purchases (~monthly).

What are my best options to replace those two in the US? E*Trade and Ally have both bank + brokerage which would be nice, since it's then easier to fund investment accounts. Vanguard / Schwabb have commission-free on their own ETFs, but I don't know how they fare as general brokerages. Capital One 360 has decent interest rates, a polished interface, the backing of a larger bank, and no monthly fees.

Things that are important to me are:
  • Banking: low fees, free e-transfers, nearby free ATM withdrawals, nice android app
  • Brokerage: easy funding (bill payments or direct transfers), a decent trading platform both web and mobile, low fees, commission-free ETFs
Thanks! K
« Last Edit: November 06, 2017, 08:16:56 AM by kimac »

kimac

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Re: Which discount banks/brokerages - Canada to California
« Reply #1 on: November 28, 2017, 01:07:00 PM »
Bump? :)

Another Reader

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Re: Which discount banks/brokerages - Canada to California
« Reply #2 on: November 28, 2017, 01:42:24 PM »
Look at Fidelity for the brokerage account, commission free ETF's and the 2 percent cash back Elan Visa.  Ally has checking and savings, but I like a local bricks and mortar office as well.  B of A, Wells Fargo, Chase all have good branch networks.  You should not have to pay for accounts at any of the big three.