We opened a checking account with Chase Bank. Can someone explain to me how to bring in the account so it interfaces with Bivio. Charles Schwab has been good to work with but since we are an investment club our local branch will will not let us write checks off the brokerage money market account. We opened the account to pay expenses.
Thanks
John W Ranby Trustee PGM Cariboo Trust on
1. I suggest you contact bivio support to see whether Chase
Bank is supported for AutoSync. It is not one of the
institutions listed in the drop-down list.
2. Our club has been Schwab customer from the mid 1990s. We
have always had a check book to write checks on the cash
account. We have to have sufficient funds in the cash
account, separate from the money market account, to cover
the check. If Schwab has changed its policy, it has not
notified us.
Jack Ranby, Treasurer
Grants Partners Investment Club
Zeta Creed on
Thanks you were more than likely grandfathered in with Schwab. We just open the account this year and they stated the policy had changed due to a problem they had with another club. We can only transfer through their money link account.
Sent from my iPhone
> On Dec 28, 2019, at 2:20 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote:
>
> We opened a checking account with Chase Bank. Can someone explain to me how to bring in the account so it interfaces with Bivio. Charles Schwab has been good to work with but since we are an investment club our local branch will will not let us write checks off the brokerage money market account. We opened the account to pay expenses.
>
> Thanks
Kevin Gillogly on
Zeta,
I'm in two investment clubs with bivio. Both have accounts at TD Ameritrade so we have account sync.
One of the clubs has everything go into TD Ameritrade account and when we have expenses we send out a check from TD Ameritrade. In three years of operating we have written 6 checks of which 3 were for people who withdrew. It is nice everything shows up in account sync.
The second club has a bank account, along with our TD Ameritrade account. In that club of 18 years we use our bank account (Sandy Spring Bank) to pay expenses. Those transactions have to be manually entered.
If you want to have both a bank and a brokerage account then expect to be manually entering your bank account transactions.
Really comes down to personal preference of the club and of your club treasurer.
We opened a checking account with Chase Bank. Can someone explain to me how to bring in the account so it interfaces with Bivio. Charles Schwab has been good to work with but since we are an investment club our local branch will will not let us write checks off the brokerage money market account. We opened the account to pay expenses.
Thanks
Norman Gee on
What is going to happen when Charles Schwab takes over TD Ameritrade next year? We have our checking account at TD Ameritrade and will Charles Schwab let us maintain this checking account?
I'm in two investment clubs with bivio. Both have accounts at TD Ameritrade so we have account sync.
One of the clubs has everything go into TD Ameritrade account and when we have expenses we send out a check from TD Ameritrade. In three years of operating we have written 6 checks of which 3 were for people who withdrew. It is nice everything shows up in account sync.
The second club has a bank account, along with our TD Ameritrade account. In that club of 18 years we use our bank account (Sandy Spring Bank) to pay expenses. Those transactions have to be manually entered.
If you want to have both a bank and a brokerage account then expect to be manually entering your bank account transactions.
Really comes down to personal preference of the club and of your club treasurer.
We opened a checking account with Chase Bank. Can someone explain to me how to bring in the account so it interfaces with Bivio. Charles Schwab has been good to work with but since we are an investment club our local branch will will not let us write checks off the brokerage money market account. We opened the account to pay expenses.
Thanks
John Rice on
Good question Norman. We have TD Ameritrade as well.
What is going to happen when Charles Schwab takes over TD Ameritrade next year? We have our checking account at TD Ameritrade and will Charles Schwab let us maintain this checking account?
I'm in two investment clubs with bivio. Both have accounts at TD Ameritrade so we have account sync.
One of the clubs has everything go into TD Ameritrade account and when we have expenses we send out a check from TD Ameritrade. In three years of operating we have written 6 checks of which 3 were for people who withdrew. It is nice everything shows up in account sync.
The second club has a bank account, along with our TD Ameritrade account. In that club of 18 years we use our bank account (Sandy Spring Bank) to pay expenses. Those transactions have to be manually entered.
If you want to have both a bank and a brokerage account then expect to be manually entering your bank account transactions.
Really comes down to personal preference of the club and of your club treasurer.
We opened a checking account with Chase Bank. Can someone explain to me how to bring in the account so it interfaces with Bivio. Charles Schwab has been good to work with but since we are an investment club our local branch will will not let us write checks off the brokerage money market account. We opened the account to pay expenses.
Thanks
Irina Clements on
We have ETrade. I have an Etrade account debit card which I pay for the tax return postage and Bivio and BI subscriptions. There is also a Bivio process to reimburse members with shares instead of a check payment (a little involved until you get used to it - check Bivio Help for How To). We have checking w Etrade (which are still in the box) using maybe one every few years.
Best, Irina
Treasurer Streetbeaters
On Dec 28, 2019, at 9:11 PM, John Rice via bivio.com <user*24380400001@bivio.com> wrote:
Good question Norman. We have TD Ameritrade as well.
What is going to happen when Charles Schwab takes over TD Ameritrade next year? We have our checking account at TD Ameritrade and will Charles Schwab let us maintain this checking account?
I'm in two investment clubs with bivio. Both have accounts at TD Ameritrade so we have account sync.
One of the clubs has everything go into TD Ameritrade account and when we have expenses we send out a check from TD Ameritrade. In three years of operating we have written 6 checks of which 3 were for people who withdrew. It is nice everything shows up in account sync.
The second club has a bank account, along with our TD Ameritrade account. In that club of 18 years we use our bank account (Sandy Spring Bank) to pay expenses. Those transactions have to be manually entered.
If you want to have both a bank and a brokerage account then expect to be manually entering your bank account transactions.
Really comes down to personal preference of the club and of your club treasurer.
We opened a checking account with Chase Bank. Can someone explain to me how to bring in the account so it interfaces with Bivio. Charles Schwab has been good to work with but since we are an investment club our local branch will will not let us write checks off the brokerage money market account. We opened the account to pay expenses.