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New cheaper USD conversion rates
November 14, 2024
8:37 am
Briguy
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New US conversion rates if you don't want to be bothered with Norbert's Gambit at a broker.

1ed20fcf-6fec-4ace-ad38-3a659377c935.jpeg

November 26, 2024
6:04 pm
Save2Retire@55
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Can you transfer from EQ USD to WS USD directly?

November 26, 2024
6:30 pm
Briguy
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Save2Retire@55 said
Can you transfer from EQ USD to WS USD directly?  

I was able to link to my EQ US account from within Wealthsimple using WS's Plaid function, but wasn't able to link my WS account within EQ using EQ's automated linking function.

November 26, 2024
6:59 pm
Norman1
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I would guess no because it looks like only the Wealthsimple Cash accounts can receive direct deposits and pre-authorized debits. The Wealthsimple Cash account is only avaiable for Canadian dollars right now.

Instead, one would have to link the EQ Bank US$ account at Weathsimple, as Briguy described, and pull the US dollars in from EQ Bank at the Wealthsimple end.

November 27, 2024
5:41 pm
BTC
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Briguy said

I was able to link to my EQ US account from within Wealthsimple using WS's Plaid function, but wasn't able to link my WS account within EQ using EQ's automated linking function.  

Do you have their USD account subscription, or is it just the recently introduced USD Cash Account?

November 27, 2024
6:37 pm
Briguy
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BTC said

Do you have their USD account subscription, or is it just the recently introduced USD Cash Account?  

I just have the non registered brokerage USD account. But I was unable to use the Plaid linking to even get to the stage where I could choose which Wealthsimple account I wanted to link. It's not working properly right now. If it was working I doubt I could link to the brokerage account anyways.

November 27, 2024
8:12 pm
BTC
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Briguy said

I just have the non registered brokerage USD account. But I was unable to use the Plaid linking to even get to the stage where I could choose which Wealthsimple account I wanted to link. It's not working properly right now. If it was working I doubt I could link to the brokerage account anyways.  

Do you pay a $10 CAD fee each month, or do you qualify for free by reaching either Premium or Generation status?

November 28, 2024
2:10 am
Briguy
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BTC said

Do you pay a $10 CAD fee each month, or do you qualify for free by reaching either Premium or Generation status?  

I have Premium status so I get the non registered US trading account for free.

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