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Maybe I'm misunderstanding, but nearly every bank I've ever used offers this feature. I currently have auto-transfers and auto-investments set up in Fidelity.
by liber8 5y ago
Maybe I'm misunderstanding, but nearly every bank I've ever used offers this feature. I currently have auto-transfers and auto-investments set up in Fidelity. If you receive a paycheck, you can easily set up Fidelity so that it automatically transfers $xxxx dollars per month to whatever account you like. You can also set up each account to automatically purchase $xxxx dollars worth of whatever equity you want.
- dartdartdart 5y agoDo you bank with fidelity to be able to do this?
- liber8 5y agoI have a brokerage account at Fidelity, which I can write checks on, but I only use the account for investing. I guess theoretically you could use it as a primary bank account? I have some auto-transfers into the account each month, that automatically get invested, and some auto-transfers out to non-Fidelity accounts so I can invest proceeds in things Fidelity doesn't offer.
- dartdartdart 5y agoYeah you're saying x dollars instead of y dollars over z amount. It's a trivial calculation but it's really convenient