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Author: Northwind100 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 181  
Subject: Re: American DRIPS in Canada Date: 1/9/2002 1:26 PM
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Thank you for your posting. I am just getting back into the Fool and DRIPS themselves.

You made mention about automatic bank withdrawals. Are these available to us as Canadians or more specifically Canadian residents? For example, do you have automatical withdraws going through your account at the Bank of Montreal? If this is the case, is the key having a cheque that clears through BMO's branch in NY?

(About a year ago, I tried to invest directly with Pfizer. I provided an RBC cheque that clears through through a branch in NY, but Pfizer rejected it saying that the cheque wasn't drawn from a US bank and thus couldn't be cleared through the Fed Reserve system. I think Pfizer was wrong. It may be a case where I have to educate the company. Perhaps an explanatory letter from the RBC might be useful.)

I would greatly appreciate your comments.


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