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Old 08-14-2008, 06:27 AM   #21
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Thanks for all info.

Is there much additional risk I am assuming by putting my "daily cash" management with Fido or VG were I have investment accounts ?

If someone got their identity stolen is it "extra risky" to have your checking / ATM at same institution as portfolio investments ? If someone got your ATM card and PIN, could they get at your investments, etc.

Thanks
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Old 08-14-2008, 09:28 PM   #22
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Quote:
Originally Posted by Delawaredave5 View Post
Thanks for all info.

Is there much additional risk I am assuming by putting my "daily cash" management with Fido or VG were I have investment accounts ?

If someone got their identity stolen is it "extra risky" to have your checking / ATM at same institution as portfolio investments ? If someone got your ATM card and PIN, could they get at your investments, etc.

Thanks
Good question. I am interested in the answer, although I don't have my cash with Fido or VG apart from MM funds.

With the VG MM funds I do have check books and if they were stolen I can't see that there would be increased risk to the portfolio. I would expect that if I had a cash account with ATM card that only those accounts would be at risk if I lost my card or had it stolen.
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Old 08-14-2008, 09:53 PM   #23
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E-Trade used to reimburse ATM fees worldwide, but for the last year or so, they only reimburse the fees nationwide. If you us your E-Trade ATM card in a foreign country, and the foreign bank charges a fee, you will no longer be reimbursed.
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Old 08-15-2008, 02:49 PM   #24
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Originally Posted by Delawaredave5 View Post
Thanks for all info.

Is there much additional risk I am assuming by putting my "daily cash" management with Fido or VG were I have investment accounts ?

If someone got their identity stolen is it "extra risky" to have your checking / ATM at same institution as portfolio investments ? If someone got your ATM card and PIN, could they get at your investments, etc.

Thanks

That certainly could be a larger risk if you keep lots of cash or money market shares in your brokerage account and tie it into your cash management account. It's all accessible via checks or debit card. I don't think they could access your equities without your online account ID and password.
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