Personal Finance (Not Investing) • How to move funds from Vanguard Brokerage to Schwab Brokerage?

Seems like I'm going to have to launder this through another bank's savings account, or something like that.

Or just ACH between Vanguard->bank->Schwab, if you are already acquainted with that process. May take 2-3 days.

Could this raise a red flag at the "pitstop" bank (money deposited and immediately withdrawn)? Do banks sometimes place incoming ACH deposits on hold, or is that not done?

I doubt the occasional transfer would raise eyebrows, but I don’t know what the threshold is for dollar amount or frequency.

Recently I’ve deposited some 5-figure checks into our bank account and immediately transferred the money via ACH to Vanguard. Takes two days.

Statistics: Posted by rkhusky — Wed Jul 31, 2024 10:05 am — Replies 6 — Views 558

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