Originally Posted by
Mwenenzi
While you want a bank with no foreign transaction fees you do not/will not what Forex rate the bank will use. Forex rates are variable between different banks/financial institutions:- not a fixed rate
I don't have a problem with the exchange rate having some slack. I suppose that if a bank used the exact exchange rate with no slack, but then added a 1% fee, that would be OK.
Originally Posted by
garykung
Allow me to make it simple for you. In short - you should do everything in reverse.
Schwab's checking is known to be unbeatable. So moving there will be the right choice. I understand your commingling concern. To avoid this, you should give up your "soon-to-be Schwab" TD Ameritrade account and move your 6-figure investment elsewhere, such as Fidelity. Any benefits you get from TD Bank via TD Ameritrade would be soon to be history.
FWIW - unless your spouse signs a release on your certain assets, any divorce lawyers will make a fuzz no matter how well you arrange your assets, which is their job. A release is the only way to close this door forever.
I'm currently unmarried, so this is something for "a future possibility".
Originally Posted by
garykung
Allow me to make it simple for you. In short - you should do everything in reverse.
Schwab's checking is known to be unbeatable. So moving there will be the right choice. I understand your commingling concern. To avoid this, you should give up your "soon-to-be Schwab" TD Ameritrade account and move your 6-figure investment elsewhere, such as Fidelity. Any benefits you get from TD Bank via TD Ameritrade would be soon to be history.
I really like TD Ameritrade's system and selection of ETFs, which include some leveraged ones in my portfolio from time to time.