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Simplii Financial is a Canadian direct bank and the digital banking division of the Canadian Imperial Bank of Commerce (CIBC). It offers no-fee chequing and savings accounts , a VISA credit card , Guaranteed Investment Certificates (GICs), mortgages and mutual funds.
A limit order will not shift the market the way a market order might. The downsides to limit orders can be relatively modest: You may have to wait and wait for your price.
Bank-to-bank transfers are a way to transfer funds from one account to another. When speaking of bank-to-bank transfers, most people mean transfers that use the automated clearing house network.
A central limit order book (CLOB) [1] is a trading method used by most exchanges globally using the order book and a matching engine to execute limit orders.It is a transparent system that matches customer orders (e.g. bids and offers) on a 'price time priority' basis.
A standing order (or a standing instruction) is an instruction a bank account holder ("the payer") gives to their bank to pay a set amount at regular intervals to another's ("the payee's") account. The instruction is sometimes known as a banker's order. They are typically used to pay rent, mortgage or any other fixed regular payments.
For example, if you have a card with a $5,000 balance transfer limit and a 3 percent balance transfer fee, the most you’ll be able to transfer is about $4,850.
The bid–ask spread (also bid–offer or bid/ask and buy/sell in the case of a market maker) is the difference between the prices quoted (either by a single market maker or in a limit order book) for an immediate sale and an immediate purchase for stocks, futures contracts, options, or currency pairs in some auction scenario.
This removes the need to verify transfers via one-time password or other verification methods, but it varies by bank, and there may be limits on the amount of money you can transfer this way.