And if you have kids?...... You never know!!!
Freddie.
TK, did u ever withdraw online from ur RRSP at ING? [Sorry for asking reconfirmation. I don't know anyone else who has done online RRSP withdraw]
Consider, I've $7000 balance in RRSP Saving account at ING.
If I'll ask for $5000 online withdraw to my checking account at CIBC, I think $4500 (10% tax) will be deposited to my CIBC account and $500 will be paid to Govt. and my balance would be $2000 at ING.
Am I right?
Thanks,
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Success is Never Ending and Failure is Never Final.
One more question.
How safe to keep money at ING in compare of ICICI and other banks? [I am not concern about customer service. Definitely it would be much better than ICICI]
ING is smaller bank and don't know what could be happen during this economy problem.
Please share ur thoughts
Thanks
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Success is Never Ending and Failure is Never Final.
Location: God's own country
Posted on: 30-11-08 20:43:18
Meitsme :
You can open ING RRSP account online.Once you open it online, then they will ask you to send $1 in your CIBC cheque to them by post. Once they receive that, then they will open the account and you can do everything online.
ING is a very big bank (Bigger than ICICI and also safer, I would guess). They were in a small crisis during the peak credit crisis but anyways, your money is insured for $100 K. Again , it is your money and you should research further as to if ING bank is the suitable one for you. My comments are based on the user friendliness of ING Bank RRSP.
I have used ING bank to put in my RRSP and also I have withdrawn the RRSP from ING bank online. There is a 10% withholding fee for withdrawals less then 5000 (a day) and 20% for withdrawals above that. So you can withdraw $5000X 365 (one each day) for the whole year and you will just have a 10% withholding fee. This withholding fee will be adjusted in your next year's tax return.
TK
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I am a Gents and not a Ladies.
