Investor's Edge up to $400 cash back

cf7777 wrote: ↑ Investor edge Accounts give you
NO interests.
why shoukd anyone put 100k there?

You invest in securities in the 100K.

If I transfer two accounts greater than $50K each would each transfer quality for the $200 promotion?

cf7777 wrote: ↑ Investor edge Accounts give you
NO interests.
why shoukd anyone put 100k there?

WTF mate ... LOL ... It's not a bank account!

... and who would want to transfer cash there anyhow ... or to just keep it parked there ...

It's good, for example, to transfer your other brokerage's holdings (or partial holdings) "in kind" (aka without selling them etc) ... and then get one of advertised bonus(es) (depending on how much you transfer).

National Bank, which is not one of the big 5 but I thought I should point it out, offers free ETF trades on transactions with 100 units or more.

crimsondr wrote: ↑ If I transfer two accounts greater than $50K each would each transfer quality for the $200 promotion?

Yes. I was told that the bonus is for each amount. So if you had a TFSA with $56k and a RRSP with $69k you would get $200 for EACH account = $400.

islander59 wrote: ↑ Yes. I was told that the bonus is for each amount. So if you had a TFSA with $56k and a RRSP with $69k you would get $200 for EACH account = $400.

CIBC will also cover transfer fees from other institutions, i think max like 150 - 175

wakka2u wrote: ↑ CIBC will also cover transfer fees from other institutions, i think max like 150 - 175

How do you get them to cover the transfer fees? Do you have to contact them after the transfer has been made and get it re-imbursed?

Also, the terms and conditions for this offer say the following:

You are solely responsible for the payment of any fees, penalties, charges or other amounts associated with the transfer of Transferred Assets to Account(s).

RD616 wrote: ↑ How do you get them to cover the transfer fees? Do you have to contact them after the transfer has been made and get it re-imbursed?

Also, the terms and conditions for this offer say the following:

You are solely responsible for the payment of any fees, penalties, charges or other amounts associated with the transfer of Transferred Assets to Account(s).

Yes.

anyone gotten their fees reimbursed yet? how much did they cover? i'm being told their max is $135 + tax?

zzricezz wrote: ↑ anyone gotten their fees reimbursed yet? how much did they cover? i'm being told their max is $135 + tax?

Yeah I had to call in, speak to an investment rep, they had to open a ticket, on had to email them my invoice to show my transfer fees paid (Jan 14), and then wait for their back office or process. Saw a credit in my account on Jan 20. And i don't think the cap is that low as my fees were $169.50 and was reimbursed.


Also as a side note, I got my sign up bonus was paid out today for anyone else who is wondering.

Got my $200 deposited, anyone know if this deposit into RRSP is consider contribution?

zzricezz wrote: ↑ Got my $200 deposited, anyone know if this deposit into RRSP is consider contribution?

Of course it is.