When it comes to Registered Education Savings Plans (RESPs), we often think of them as the superhero sidekicks to our children's educational dreams. But what happens when you need to access those funds, and the process feels more like waiting for a sequel to your favorite movie? If you've filled out the forms, sent in proof of enrollment, and still find yourself staring at your bank account waiting for funds to appear, you're not alone. It can feel like a scene from a suspense thriller where the hero just can’t catch a break.

You mentioned your experience with iTrade, which has left you waiting two weeks for funds. This is a common scenario that many parents face, and it can be incredibly frustrating. RESP withdrawal processes can vary significantly between brokers. Some may have more streamlined operations, while others might still be operating like it’s 1999—paper forms, faxes, and all.

The delay often comes down to a few key factors. First, not all brokers have the same level of efficiency. Some may have a backlog of applications or less experienced staff handling withdrawals. It’s like comparing a high-speed internet connection to dial-up; some brokers are quick and nimble, while others seem to need a motivational speech just to get started.

Another reason for these frustrating delays can be the documentation requirements. While you’ve dutifully forwarded proof of enrollment, some brokers might have stricter guidelines or additional paperwork that could further slow down the process. Think of it as a video game where you need to collect all the right items before you can unlock the next level. If you miss one, you’re stuck grinding for that elusive piece of paperwork.

So, are there brokers that are better at processing RESP withdrawals? The short answer is yes! It’s a good idea to do some research and read reviews from other parents. Some brokers are notorious for their speedy service, while others might be infamous for their delays. Ask around in your community, check online forums, or see if there are social media groups where parents share their experiences. You might find that some brokers operate with all the efficiency of a well-oiled machine, leaving you free to focus on what really matters: your child’s education.

In the end, choosing the right broker can make a world of difference when it comes to accessing your RESP funds. If you’re consistently facing delays with one provider, it might be worth exploring other options. Just like switching from a bad sitcom to a gripping drama, the right broker can change the whole experience. So, while waiting for those funds might feel like waiting for the next big blockbuster, remember that there are better paths out there—just waiting for you to discover them.