Purium has now partnered with one of the largest banks in Canada to provide you a faster and easier way to get your commissions. For a very low monthly fee, Canadian Members can now start an account with TD Bank Ameritrade and have their payouts directly deposited right away. With 1100 branches and 2600 ATMs, TD Bank Ameritrade (www.tdbank.com) is the 2nd largest bank in all of Canada and will provide your commission to you in Canadian dollars.
For a nominal monthly fee of approximately $5.99 USD, TD Bank Ameritrade allows Canadians to open a US Dollar Cross Border TD Simple Checking Account in the US through an online signup process. They will also issue a debit card to any Canadian who opens a checking account with them. With this USD account, Purium will be able to pay commissions via ACH as opposed to sending them via check. Your funds will be available within 24hrs. Upon receiving the funds, you have two ways in which you can access them: you can simply use your debit card which is tied to the checking account, or you can elect to transfer the funds to a CAD account at another banking institution. In order to transfer funds to another banking institution, you will have to call in to TD Bank Ameritrade’s customer service. If you are interested in this option, you can read more about it and enroll online today by accessing information on this page:
Once you’ve created your TD Bank Ameritrade checking account, simply login to your Back Office and choose “Direct Deposit” from the “Account” tab. Enter the requested information, and within 2 weeks you will begin to receive commissions via ACH instead of having to wait for a check.