Well, if you did it, it must be "possible"... But I think you are asking if it's "allowed", AFAIK - it's not.
If you are trying to lock in a specific rate, then recommend you contact their support and see what they can do. Presumably they can cancel/refund the bond as it was done in error, and then you can purchase what was intended.
If this isn't an "urgent" thing and/or you are OK if this gets "fixed" in the future, you can simply wait and see what happens. People have reported accidentally buying and/or delivering > $10k /person /year - with no impact. So maybe nothing happens...
Personally, spouse made the mistake of buying an extra $10k within spouses account instead of a $10k gift for me within spouses account, putting them over the $10k / year limit. IIRC they got a "nasty gram" within a month or so saying this wasn't "allowed", and the transaction would be reversed. Took many more months for them to finally do so. IIRC when they did reverse it, they paid the accrued interest (amount shown on TD - which reflects the 3-month penalty). But other than the inconvenience of having to re-purchase what they had intended to buy, no downside to waiting for us (IIRC this was back when "fixed" rate was near 0% - so didn't feel like we lost anything).
If you are trying to lock in a specific rate, then recommend you contact their support and see what they can do. Presumably they can cancel/refund the bond as it was done in error, and then you can purchase what was intended.
If this isn't an "urgent" thing and/or you are OK if this gets "fixed" in the future, you can simply wait and see what happens. People have reported accidentally buying and/or delivering > $10k /person /year - with no impact. So maybe nothing happens...
Personally, spouse made the mistake of buying an extra $10k within spouses account instead of a $10k gift for me within spouses account, putting them over the $10k / year limit. IIRC they got a "nasty gram" within a month or so saying this wasn't "allowed", and the transaction would be reversed. Took many more months for them to finally do so. IIRC when they did reverse it, they paid the accrued interest (amount shown on TD - which reflects the 3-month penalty). But other than the inconvenience of having to re-purchase what they had intended to buy, no downside to waiting for us (IIRC this was back when "fixed" rate was near 0% - so didn't feel like we lost anything).
Statistics: Posted by SnowBog — Tue Aug 20, 2024 9:02 pm — Replies 1 — Views 121