Folio Cash Hold

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Folio Cash Hold

edu317 on

My club auto syncs with TDAmeritrade. I assume after the merger with Schwab, the auto sync will continue.

On Wednesday, February 12, 2020 Ty Hughes via bivio.com <club_cafe@bivio.com> wrote:

Laurie:

Which brokers sync with Bivio beside FolioInvesting?

Thanks.

Ty H.

On Feb 11, 2020, at 11:43 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:

FYI -
To all clubs that use Folio for a broker. I just talked to them and they now have a 120 hold on any cash that is deposited using electronic bill pay. It was just increased from 60 days which was bad enough and which I know created issues for some of you.
That means, if you have your members have their banks send in checks for their monthly payments, that you will not be able to use that cash to pay any outside checks such as expenses or withdrawal payouts until it has been at Folio for 120 days.
To me that is obscene. I have made them very aware of my feelings on this topic. It would probably help if any of you that use Folio also call and let them know what you think of this.
Laurie Frederiksen
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Laurie Frederiksen on

Yes. Barring any unforeseen consequences of the merger, that would be the plan

Here is a list of AccountSync brokers:

https://www.bivio.com/site-help/bp/AccountSync_Brokers_Help

Laurie Frederiksen
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www.bivio.com

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On Wed, Feb 12, 2020 at 10:55 AM MARTINA URQUIDES via bivio.com <user*21844400001@bivio.com> wrote:

My club auto syncs with TDAmeritrade. I assume after the merger with Schwab, the auto sync will continue.

cindy gerke on

I would suggest a letter addressed directly to the President along will your call. The companies I managed took more action on written complaints sending them all the way down back to complaint level and back up levels with each level answering on actions taken.

Cindy Gerke

On Wed, Feb 12, 2020, 11:03 AM Laurie Frederiksen <laurie@bivio.biz> wrote:

Yes. Barring any unforeseen consequences of the merger, that would be the plan
Here is a list of AccountSync brokers:
https://www.bivio.com/site-help/bp/AccountSync_Brokers_Help
Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe

On Wed, Feb 12, 2020 at 10:55 AM MARTINA URQUIDES via bivio.com <user*21844400001@bivio.com> wrote:
My club auto syncs with TDAmeritrade. I assume after the merger with Schwab, the auto sync will continue.

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