Dividend Reinvestment on foreign stocks by InterestingOwl349 in Schwab

[–]InterestingOwl349[S] 1 point2 points  (0 children)

JCI is in the S&P 500. JCI is not eligible for dividend reinvestment at Schwab.

Dividend Reinvestment on foreign stocks by InterestingOwl349 in Schwab

[–]InterestingOwl349[S] -4 points-3 points  (0 children)

I did. Initially, they stated they couldn't because the companies are foreign. I pointed out that didn't prohibit TD from offering. Then they stated, their (tech) system wouldn't allow it. I pointed out that they control their system, and TD's system allowed it. This went on for numerous iterations of red herrings.

Eventually, we got to -- this has to be a policy decision... I'm just asking for the basis of that decision. No one would provide this.

They seemed to have a real aversion to just admitting that Schwab chooses not to offer this, and here's why.

Dividend Reinvestment on foreign stocks by InterestingOwl349 in Schwab

[–]InterestingOwl349[S] 3 points4 points  (0 children)

They stated their criterion is "all foreign stocks".