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View Full Version : RRSP Transfer offers


craftsman
Jul 18th, 2006, 07:56 PM
Hi All,

I'm not happy with my current self-directed RRSP institution. So, I'm looking to transfer it to another institution. A couple of years a go, everyone had some offer to sweeten the deal if you transfer the account to them.

Today, the majority of the institutions (that have offers) have the same offer:
1. They will wave the Administrative Fee if you keep $xxxx in the account. (Wow. considering that lots of places have no-fees with no min. amount...)
2. They will pay the transfer cost upto $125.

A couple of months back, Etrade had an offer of creditting you $5 per every $1,000 transfered upto $100,000. According to the site, that offer expired.

Anyone know of a current existing offer? Or should I just approach the institution and bargin with them?

Thanks

craftsman
Jul 19th, 2006, 05:42 PM
I did some calling around to a bank and brokage house ( both of them I have accounts with a decent sum of money in each). Neither of them were willing to do anything out of the ordinary.

The brokage house stated that we will only do something for new customer - existing customers get nothing. >:( Obviously, I feel empowered by their responses.

It's a sad day when no-one wants to complete for your business....