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> Tada! You have replicated narrow bank functionality. Brokerages will issue checks and debit cards now?
by michaelt 4y ago
> Tada! You have replicated narrow bank functionality.
Brokerages will issue checks and debit cards now?
- prottog 4y agoMany do, but even if they didn't, it's free to ACH money to your real bank checking account every now and then that you can spend and write checks with.
- toomuchtodo 4y agoMy brokerage issues checks, debit cards, and offers both inbound and outbound wires at no charge. Check with yours!
- bombcar 4y agoYup! Most just do it via a small internal FDIC bank (it's easier for them to have a bank for other reasons anyway): https://www.tdameritrade.com/investment-products/cash-solutions/cash-services.html https://www.tdameritrade.com/investment-products/cash-soluti... https://www.fidelity.com/cash-management/atm-debit-card https://www.fidelity.com/cash-management/atm-debit-card Even vanguard can do it, but they don't LIKE to: https://investor.vanguard.com/investor-resources-education/faqs/how-do-i-order-checks https://investor.vanguard.com/investor-resources-education/f...