Integration weekend: Sep 22-24, we've been warned! | Page 28 | Hubert Financial | Discussion forum

Nov 13 2023 7:05 am

System is down!!

SIGH...ME IS IN FOR MUCH LONGER...BUT NOTHING WILL RENEW
I'LL HAVE A BAD TASTE IN MY MOUTH FOR QUITE A FEW YEARS!!!
BUT I HAVE CHOSEN MY REPLACEMENT BANK.

So the system is back up. I was reviewing all of my alerts and they have the option to put on an alert for every GIC you have. But appears the "lerts" are for a savings account and not a GIC.

I wonder why they would not add to be "alerted" for:
New GIC
GIC Maturing in 10 days
GIC matured funds have been deposited to your savings account.
AND be set as mandatory alerts by Access

Lots of additions. But useless!!! And do not suffice for the take aways.

cgouimet said

serendipity said
BUT I HAVE CHOSEN MY REPLACEMENT BANK.

And that would be?  

At this point. CWB

Because:
GIC Rates are decent and apparently negotiable
And I know HISA rates aren’t.
Local for me.
Have to verify quite a few things to say I am firm on the change.

But I can be swayed.

@norman1

That’s interesting. My plan for CWB was for GIC only. But if there are other options of good value....would definitely consider.

Doug said

Interestingly, I've long been critical of Canadian Tire Bank for its antiquated, largely paper-based customer onboarding and external bank account linking processes, not to mention uncompetitive HISA rates, but that's actually their strength now, on both fronts. While I don't bank with them yet, I'm seriously considering them as a HISA alternative when not eligible for a Tangerine HISA promotional interest rate (my calculations estimate Tangerine targets their best promotions to substantially all existing clients at least 6-7 months of the year, meaning for about 5-6 months, you'll need an alternative). Together with the ISA alternatives available in Scotia iTRADE (Scotiabank Group-affiliated Series F ISAs, plus Manulife Bank and Equitable Bank Series A ISAs), I'm comfortable with fully exiting the credit union deposit ecosystem.

EQ Bank Savings Plus Account is a solid day-to-day banking and smaller, most liquid balance HISA option (i.e., under $10,000 balances), too.

Cheers,
Doug  

I thought you were considering Achieva Credit Union, they have good rates, good customer service and have no fee transfers. Plus a sweet 12.00 a year for opting out of mailing statements

Wealthsimple Cash with Wealthsimple Trade is a good alternative as a back up bank account too

serendipity said
At this point. CWB

CWB isnt a bad choice, just beware that if you have funds with Motive Financial, CDIC coverage limits apply to both the CWB and Motive balances combined.

serendipity said
Yesterday I did a pull from "FI A". <= November 11
Today I see the funds are now in "FI A" and they are still in my Hubert Account.
And yes I used the most current version of the Hubert account #.

Wow...the funds are still in Hubert.

The amount that I transferred, has been there for days.

I'll wait another day I guess. Hubert must be very busy.

Lol maybe.

So does any one know.

Does the relinquishing FI have verify the amount and trigger the release? Or is it all automatic?

serendipity said

serendipity said
Yesterday I did a pull from "FI A". <= November 11
Today I see the funds are now in "FI A" and they are still in my Hubert Account.
And yes I used the most current version of the Hubert account #.

Wow...the funds are still in Hubert.  

cgouimet said

Hmm. Perhaps earning interest at both...  

Very normal behaviour to see the pulled amount showing at both FIs for a while until the transaction clears. You will definitely earn double the interest. I think that the transaction is automatic.