Originally Posted by
Mountain Trader
Better idea yet: Just rely on CC advance at a bank in the unlikely event of Schwab ATM card problem. Schwab card has 24/7 phone availability and the few times I have encountered an issue, they cleard the card for use in minutes.
As for why spend 30 minutes waiting for FIDO to figure out which department handles what, that's a good question potential customers might keep in mind.
In case you are not aware, Fido brokerage has toll-free numbers 24/7 in MANY countries in the world. All you need to do is to call the brokerage side and they would patch you to the bank side which of course is not the same as Schwab because Fido does not own a bank but the patch call still worked.
You can also send secured emails on Fido site. You can even use chat on Fido site. There are multiple tools to handle most situations.
Both Fido and Schwab work well. There is no need to worry about the high daily purchase limit on your debit card because debit card does NOT have a credit line - your limit is governed by your account balance which is 100% controlled by yourself. A lot of waste of brain cells on the $10K daily limit when you would never put $10K in your Cash Management account. Now if your Fido ATM card is from the brokerage account versus the Cash Management account, then you have chosen the Wrong Product!