I have tried since Dec 2007 to get an RESP
efund account thru TD.
Anyways, I'm with Credential Direct ($ 19 / trade) and I also have a TD
eFunds account.
Not exact matches
eFunds DebitBureau uses consumers» checking
account histories as a basis for data about credit decisions.
Positive banking history is described as follows: No NSF (non-sufficient funds) items during the preceding twelve months in the Essential Checking
account; the Essential Checking
account must have a positive balance at the time of the request to upgrade the
account; an
eFunds check must show no additional negative history in the preceding twelve months (including banking history from other banks); and all monthly servicing fees must have been paid in full for the 12 preceding months.
in fact 1 of our
accounts at TDWH has monthly contributions going into 3
eFunds.
This differs compared to the Fundrise and RealtyShares platforms which direct payments into your bank
account (both RealtyShares and Fundrise) or reinvest back into
eFunds (Fundrise only).
I have no other TD
accounts except an online
efunds RESP.
We're in the same situation as you, trying to move money out of a TD Term RESP
account and into
efunds.
Xing: I opened my
efunds RESP
account on December 1st.
On the morning of March 1st, I contributed an extra $ 3500 to my TD
eFunds RRSP
account.
Your capital
account is computed based on your initial investment (s) in an
eFund plus any allocable net income, less any net losses and / or cash distributions as reflected on your K - 1.
It is recommended that you keep your own running record of your cost basis in each
eFund for tax purposes as there are certain instances where your tax basis may differ from your capital
account balance.