Which brokerage firm (DIY type) has lowest RSP withdrawal fee ? | RRSPs and RRIFs | Discussion forum

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Which brokerage firm (DIY type) has lowest RSP withdrawal fee ?
October 7, 2022
9:47 am
news70
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I have my position with RBCDI, they charge $50 per RSP withdrawal, any other place has less or even free RSP withdrawal ?

thanks

October 7, 2022
3:05 pm
Oscar
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Just checked Alterna bank and credit union, both charge $25 , half price.

October 7, 2022
3:27 pm
Bill
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Alterna is not a DIY brokerage.

Why would one need to make frequent RRSP withdrawals so that the fees add up, can't you just make one withdrawal a year so that a $50 fee doesn't really matter enough for you to choose a different DIY broker just for that reason?

October 7, 2022
6:34 pm
ca-tech-fire
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Wealthsimple is supposed to have free RRSP withdrawals but I have not tried it yet.

October 7, 2022
9:17 pm
news70
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Thanks guys for the reply, will look into wealthsimple

October 8, 2022
12:15 pm
Oscar
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news70 said
I have my position with RBCDI, they charge $50 per RSP withdrawal, any other place has less or even free RSP withdrawal ?

thanks  

Bill said
Alterna is not a DIY brokerage.  

Thanks for stating the obvioussf-laugh
I didn't see where he was specifically asking about DIY brokerages.sf-wink

October 8, 2022
4:21 pm
Oscar
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Well somehow I missed the title of the post. Thanks for not rubbing it in...yet.sf-embarassed

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