Best Cash Management / Investing Platform

PayPal
bqz3243

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bqz3243
Jul 31, 2021 11 Comments

I’m looking into using a brokerage with Cash Management capabilities to replace my traditional bank for investing and and savings. I’m currently looking at TD Ameritrade and Charles Schwab. Which platform is best for all around investing while also offering a good Cash Management platform for paying bills?

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TOP 11 Comments
  • Littelfuse
    raj_cv

    Littelfuse

    raj_cv
    Charles Schwab is better among the two.
    Jul 31, 2021 2
    • PayPal
      bqz3243

      Go to company page PayPal

      bqz3243
      OP
      Have you used the Checking account and debit card? What are your thoughts? Also, what’s better about Schwab? TD seems to have a more intuitive interface
      Jul 31, 2021
    • Littelfuse
      raj_cv

      Littelfuse

      raj_cv
      Open Schwab Bank High Yield Investor Saving...u will get a debit card which has no international withdrawal fee and will reimburse u all the ATM fees when u withdraw cash at any ATM. Think or Swim platform of TD is really great if u do to much of day trading. But anyways since SC bought TD, they will bring most of the features into SB as well in next 1yr is my guess. I personally never read about any feedback on checking/savings accounts of TD in US.
      Jul 31, 2021
  • Amazon / Eng
    scudBooks

    Go to company page Amazon Eng

    scudBooks
    Fidelity
    Jul 31, 2021 0
  • Look up Wealthfront or Titan or something similar, if you are not planning on actively managing money.
    Jul 31, 2021 0
  • Google
    DaGoog

    Go to company page Google

    DaGoog
    Can you replace a bank completely? Mortgage payments etc?
    Jul 31, 2021 3
    • Lyft
      upxm26

      Go to company page Lyft

      upxm26
      I think, you can pay mortgage with cash management account as they do provide routing number, account number just like a checking account.

      Either ways, most brokerages offer checking account

      So, one login, bank & brokerage together
      Jul 31, 2021
    • eBay / Product
      falc0n

      Go to company page eBay Product

      falc0n
      Banks also have the provisions to let you invest and save. They give interest breaks, and fast processing when you depend on them for everything. For eg, mortgage, Personal loans will be a breeze if they have a full view of your accounts in one place. TD is bank, so it’s your best bet here. CS is a broker and Wealth mgmt entity so banking needs won’t be fully met there.
      Jul 31, 2021
  • Dell
    theborg

    Go to company page Dell

    theborg
    No option for Robinhood? 😆
    Jul 31, 2021 1
    • PayPal
      bqz3243

      Go to company page PayPal

      bqz3243
      OP
      I actually naively attempted this with RobinHood and had a month-long nightmare with frozen funds and whatnot. Making this switch because of that
      Jul 31, 2021