Bye Bye Green for Green, And Service Fees Changing | Achieva Financial | Discussion forum

Since they are no longer paying me for eStatements, I changed back to paper. I checked beforehand to make sure that there is no charge for paper statements.

Also found out that they hold funds pushed into them from other banks for 10 days. I set up a link from Tang to Achieva and the test deposits were held, even though there should have been no hold. I did transfer funds that were immediately allowed for GIC purchase.

CAD said

HermanH said
Also found out that they hold funds pushed into them from other banks for 10 days. 

WHAT?!?!?

I would NEVER hold any cent in such bank. Money coming to any bank are REAL money and there is no need to 'confirm' or 'verify' anything.  

They transfer system most of the credit unions use requires at least a 5 day + 5 day hold.

I always get that with Meridian, Motus, Saven, Hubert/Access

The main thing for me is that the interest pays out but yes it sucks.

I use Simplii as a flow through because they never hold my funds so whenever possible I push and pull using them. That said a push is initiated next day whereas for most Credit Unions it takes 3-5 days to process a push.

I don't think it's actually the credit union doing it but more so the underlying software. I guess one has to put up with inconveniences to earn more interest than what the big banks offer.