Sentences with phrase «sweep from a money market»
(I believe this strongly enough that, for example, I simply couldn't sleep any longer until I switched my US brokerage a / c balance sweep from a money market fund to a bank deposit).
https://wexboy.wordpress.com/ Not exact matches
Federal law limits transfers to another deposit account with BBVA Compass or to a third party by means of a preauthorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from a savings or money market account) to a total of six (6) per month.
With a Vanguard brokerage account, you must have a money market account linked to the brokerage account; this is known as a sweep account, since money is swept from or to the account when buying or selling ETFs (or other brokerage products such as stocks, bonds, or CDs).
Sweep Accounts - Excess funds from bank accounts are automatically moved into a money market account overnight, and then moved back the next morning.
Each sweep will count towards the maximum number of 6 transfers and withdrawals per month from your savings and / or money market account per government requirements.