No. of Recommendations: 1
OB,

The Royal and TD do not have DRIPs. BMO, BNS & CIBC do.

It should be noted that the only one of these DRIPs open to U.S. citizens is that of Bank of Montreal (BMO). BMO also owns Harris Savings Bank, which sold its DRIP transfer agent organization to Computershare. BMO adminsters its own plan and invests monthly (Nil-$40,000/year) with no fees. Sending in OCPs may cost a tad more in postage (for U.S. residents), since it goes to Montreal, but there's a dual stock listing (Symbol BMO on both the NYSE and the TSE).

dave fish/moneypaper

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