Integration weekend: Sep 22-24, we've been warned! | Page 21 | Hubert Financial | Discussion forum

everhopeful said
I predict that they won't bring Hubert back to its former glory. I would bet that within 2 years the quarterly redeemable GIC will be gone, replaced with standard GIC's with competitive rates. The savings account will disappear, and will be converted to Access' savings account, maybe with a slight rate bump, but not competitive.
I hope I am wrong, but the days of online self-service for external transfers and opening/closing GIC's are over. The quarterly GIC is the only thing keeping some of my funds with them. If that goes, so do I.  

I have three GIC's with them, first one maturing in 2027. They pay interest out annually so hoping that in January 2024 the earned interest will be put into my savings account with them. I take it that I will then be required to phone Hubert's number and ask for the funds to be transferred into my "used to be linked" CIBC account? Anybody?

For now.....all *cash is gone. All cash TFSAs are in process of being transferred out (was the plan before the merger was announced), **all non registered GICs will be moved out (was the plan before the merger was announced), all TFSA GICs will be transferred out (was the plan before the merger was announced) and a chunk of RRIF GICs will be transferred out (was the plan before the merger was announced).

*Some might return based on the return of push pull.
**Will continue to take advantage of quarterly GICs.

My end all decision will be based on my furthest out GIC maturity date, competitive rates, the ability to update a GIC online to be joint, pay interest annually and pay out at maturity to savings account, quarterly GICs, return of push pull, GICs to be identified, online showing joint names and names of successors. I want to see the latter in black and white....not a “say so” on the phone that can later be denied.

Alexandra said

I have three GIC's with them, first one maturing in 2027. They pay interest out annually so hoping that in January 2024 the earned interest will be put into my savings account with them. I take it that I will then be required to phone Hubert's number and ask for the funds to be transferred into my "used to be linked" CIBC account? Anybody?   

Do you have any other accounts that have both push and pull to use as a HUB? That way you can avoid calling them.
Ie. People’s Trust or Oaken. <= Set up your accounts.
Log onto either, pull funds from Hubert. Wait till you see at Oaken or PT. Often overnight. Then push to your CIBC account. <= make sure there are no holds on the funds before you push.

Or you can use the free interac eTransfer that Hubert offered. I dislike eTransfer, especially if you err in the send to email address or mobile number. And I have erred twice....but avoided the loss. Hubert sets up a “contacts list like” option for your “sends”.

Okay, so I'm thinking of setting up Hubert as a linked account with Tangerine as advised here. In order to do that is the Financial Institution Name Hubert Financial or Access Credit Union? Also is the Transit 44857-879 or the old 45967-879?

I only have a HISA with Hubert as well as GIC's. No chequing or accounts previously with Access.

Thanks.

Alexandra said
Okay, so I'm thinking of setting up Hubert as a linked account with Tangerine as advised here. In order to do that is the Financial Institution Name Hubert Financial or Access Credit Union? Also is the Transit 44857-879 or the old 45967-879?

I only have a HISA with Hubert as well as GIC's. No chequing or accounts previously with Access.

Thanks.  

The old Hubert site used to give you a printable page that gave your banking transit etc. I would go with the Hubert info and NOT the Accelerate info. They both work, apparently but I was advised that since you have 2 HISA accounts (if you were an Accelerate customer as well) to use the right link if possible. So see if the new Hubert site has it still.

I would tend to set up new links with the new transit number, as they may phase out the old transit number at some point (hopefully giving us ample notice beforehand).

Just downloaded my Sept statement, they have it dated Sept30 statement, it doesnt say it it only goes from Sept. 1 -23. I dont have any interest posted in my RRIF variable accounts , so is it correct that we will be getting another statement that goes from Sept. 23-30? Are any of the bloggers getting month end interest showing in their RRIF variables on the statement?

GR said
The online statement dated September 30, 2023 no longer shows the names of the secondary owners on joint GICs and joint savings accounts. Previously, their online statements did show the names of BOTH joint owners. This is a serious omission.  

I agree. And nothing is better. Including no show of successor.

You have to match GIC numbers on both statements for proof of joint.

I do have all my paper copies of original input that show, though.

Pathetic, I know.

I just looked at the Hubert Statements again. We (Spouse and I) each have 2 Sep 30 Statements.

The first Sep 30 on the list is a 16 page black & white one account per page summary stating coverage for Sep 01-22. This is statement we all reacted to earlier this month. There are statements for prior months in the same format.

The second Sep 30 on the list is a 6 page colour version beginning with ...

Pages 1-2 - top level one line per account month-end view of all accounts in 3 sections:

Daily Banking: non-Reg HISA's and perhaps Checking.
Investments: TFSA HISA's, TFSA GIC's and non-Reg GIC's.
Shares: Common & Surplus.

Pages 3-6: transaction level summary by account but not one account per page so, a much better condensed summary.

Yours may differ depending on the number of accounts and the number of transactions.

Not a bad looking statement at all. Our accounts are all nicknamed in a way that shows ownership and each account reference is headed with a combined Nickname and account number. A different look vs all other prior statements so I assume this to be the new look.

The interest corrections for Sep 22-30 that were made after Sep 30 are not reflected in these statements. I assume they'll be part of the Oct statements.