TFSA fund transfer from Hubert to EQ | Page 3 | EQ Bank | Discussion forum

davidgeorge said
Finally, my fund arrived and was posted to my EQ account today.  

3 weeks....that's actually pretty good time.

As my Hubert TFSA GICs matured Jan 01, 2021, I, too, was trapped in the had-to-transfer-instead-of-Dec-withrawal club. When I initiated transfer, on Jan 02, and saw that it was sent via snail-mail-cheque, I did a smelled-the-fart face. That said, it arrived Jan 27, in EQ TFSA...to which I immediately moved it to 3m GIC; even though they are the same rate (2.30%) as savings, we all know where that rate is going. Note: In EQ alerts - they are separated by investment, so add alerts to your TFSA for deposits, and you should get notified, by email, when that cheque is deposited. I lost x # of days of interest, from when cheque was mailed, to delivery and input into EQ, but Hubert has gotten out of the "competitive club", so the 2.30% should get me back to black shortly enough. And I do really like the 3m GIC thing, so I can 3x3 for a year, and then decide where I'm going from there, so that a Dec withdrawal is possible, so don't have to deal with transfer crap, though, this was relatively painless, despite being stuck in the 1920s snail-mail slowness.