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Email this12:07 pm
September 24, 2019
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I finally got to open my on-line HISA with C.T. today!!. The entire process took 48 days!! On line application on the 13th Nov., sent cheque with paperwork 27th November. Opened my on-line account 30 Dec 2020.
Sure hope the 1.8% lasts for awhile at least.
Happy NEW YEAR everyone.
This is a great Forum. Thanks to many of you for your interesting and informative contributions!
12:26 pm
January 12, 2018
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Wow....You've made my day...
Completed online application Dec 12th....Still awaiting the "instruction package" so that I can mail my cheque and wait another month to open the account online. 
1:46 pm
May 27, 2016
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Hubble said
Wow....You've made my day...Completed online application Dec 12th....Still awaiting the "instruction package" so that I can mail my cheque and wait another month to open the account online.
OTOH look at the bright side -- you get to enjoy a trip down memory lane and bask in the retro experience of how long it took to open online accounts circa 2005, in those halcyon days when the Red Wings were in first place and St. Louis was in last place instead of the other way around
1:57 pm
September 6, 2020
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I sent a secure message to my bank on December 11th. I received a response today. They have high demand for service. It took a long time for a response.
Have a Great Day
11:41 am
January 12, 2018
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Update: CTC High Interest Savings
Dec 12th ...Filled out the online application
Dec 30th ...mailed Identity verification by mail with mandatory attestation by my accountant.
Jan 21st ...Rec'd package back from CTC asking to mail a cheque filled out to myself with initial deposit amount.... as well as CRA form "Declaration of Tax Residence"
They have the nerve to note in the mailing...."Completing the application is as easy as 1,2,3" , and close by saying "Once your account is opened, you will be sent a Welcome Package with all your account details"
I am too far along in the process to quit now....Hopefully up and running by Feb 12th
12:05 pm
September 6, 2020
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You are almost there. I have sent checks a few times to make initial deposit on new accounts. I show 3-7 business days after mailing date depending on FI. Have fun.
Have a Great Day
12:53 pm
September 24, 2019
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Keep checking your bank account. Once the funds are released and out of your bank, you can phone C.T. and they will set you up with their on-line banking right away. It saves a few days.
1:10 pm
January 12, 2018
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Thanks Alexandra...
I am not really in a hurry ...I just find it most odd that the process is so antiquated. I am so used to setting up an account in a few minutes...not months.
1:26 pm
February 20, 2013
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Had the same problem with long delays in EVERYTHING they do when I applied for an account.
Getting a joint account will take yet more time. First set up individual accounts and then get them to join them. Amateur hour. Finally gave up and told them to cancel the account. Isn't worth the hassle.
2:36 pm
October 14, 2014
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Frugal said
Had the same problem with long delays in EVERYTHING they do when I applied for an account.
Getting a joint account will take yet more time. First set up individual accounts and then get them to join them. Amateur hour. Finally gave up and told them to cancel the account. Isn't worth the hassle.
Actually, you have the option to open a joint account in one application. On the first page of the online application process, check 'Yes' to 'Is there a co-applicant?'.
2:47 pm
December 20, 2016
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techno said
Actually, you have the option to open a joint account in one application. On the first page of the online application process, check 'Yes' to 'Is there a co-applicant?'.
Not recommended, from first hand experience. For some unexplained reason, the option appears to be available on the online application process, but according to CSR's only serves to delay Joint application.
Better for each applicant to submit individual application, then when approved, telephone CSR to merge the applications to create a joint account.
Stephen
9:48 pm
September 29, 2017
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Once individual accounts are open, process to create joint account is trivial with a single phone call... instantaneous.
But I agree...the ramp on process is VERY slow and antiquated. But patience pays off.
5:26 pm
February 9, 2021
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Once the account is setup with CT, does it get easier to withdraw and deposit or is it a brutal process even then?
6:32 am
December 20, 2016
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supernun said
Once the account is setup with CT, does it get easier to withdraw and deposit or is it a brutal process even then?
Extremely easy! Similar to other online platforms, such as Me2Me. Incoming pull transfers are posted immediately subject to a hold of about 5 days.
What are your concerns?
Stephen
7:24 am
May 22, 2015
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CT Savings account online How much allow transfer in , transfer out, any daily limit ?
Thanks information.
11:50 am
December 20, 2016
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mw said
CT Savings account online How much allow transfer in , transfer out, any daily limit
I asked the same questions of the CSR: there are no limits on incoming or outgoing transfers.
Stephen
3:01 pm
January 7, 2020
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Just completed my account creation-- on Day 25
Somewhat faster than I had anticipated-- given other members experiences here
3:34 pm
September 24, 2019
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mustang said
Just completed my account creation-- on Day 25
Somewhat faster than I had anticipated-- given other members experiences here
Congratulations Mustang!! I put almost the max with them under CDIC and then each month after interest paid, I will transfer that ($150) per month out.
7:02 pm
January 12, 2018
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Hubble said
Update: CTC High Interest SavingsDec 12th ...Filled out the online application
Dec 30th ...mailed Identity verification by mail with mandatory attestation by my accountant.
Jan 21st ...Rec'd package back from CTC asking to mail a cheque filled out to myself with initial deposit amount.... as well as CRA form "Declaration of Tax Residence"They have the nerve to note in the mailing...."Completing the application is as easy as 1,2,3" , and close by saying "Once your account is opened, you will be sent a Welcome Package with all your account details"
I am too far along in the process to quit now....Hopefully up and running by Feb 12th
Finally completed the process Feb 17th........9.5 weeks from initial application.
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