Moving $$ from Vanguard to Bank

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ResNullius
Posts: 2091
Joined: Wed Oct 24, 2007 3:22 pm

Moving $$ from Vanguard to Bank

Post by ResNullius » Sun Mar 03, 2013 4:23 pm

Is it possible to have distributions from bond funds or stock funds transferred directly from the underlying accout to your personal bank account? Vanguard has a procedure for setting up a transfer for money from Vanguard to your bank, but I'm not sure whether it only works for money being transferred from Prime MM or whether Vanguard will transfer distributions directly. Thanks.

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BolderBoy
Posts: 3984
Joined: Wed Apr 07, 2010 12:16 pm
Location: Colorado

Re: Moving $$ from Vanguard to Bank

Post by BolderBoy » Sun Mar 03, 2013 4:27 pm

You can do it directly. I set my mom's TBM fund to send her monthly dividends direct to her local bank account.

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