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investment accounts

JungleJim

Member
Apr 9, 2017
11
0
Hi ALL,

I have 1/3 of my funds in an investment account and it is sitting as cash and not in any stocks or bonds. This company doesn't offer check writing or a debit card so it would take 3 days to transfer to my bank.

Question is: Does the government care that it takes me 3 days to transfer the funds to my bank account ?

Can I just transfer it over to my bank account and post the statements for the last 6 months of my investment account and explain to what I just told you guys about why I magically have 1/3 of money appearing in my bank account in the Letter of Explanation ?

What's the smoothest process ?

Thanks!
 

Maverick28

VIP Member
Feb 5, 2017
3,123
823
Canada
JungleJim said:
Hi ALL,

I have 1/3 of my funds in an investment account and it is sitting as cash and not in any stocks or bonds. This company doesn't offer check writing or a debit card so it would take 3 days to transfer to my bank.

Question is: Does the government care that it takes me 3 days to transfer the funds to my bank account ?

Can I just transfer it over to my bank account and post the statements for the last 6 months of my investment account and explain to what I just told you guys about why I magically have 1/3 of money appearing in my bank account in the Letter of Explanation ?
Yes

What's the smoothest process ?

Thanks!