Mobile app is "in the works" | Hubert Financial | Discussion forum

So what is the point of a mobile app? Hubert does not have cheques, allow bill payment or have ATM cards. So there is no need to advise me of purchases or account activity. Hubert is really investment based for GICs, isn't it? I have accounts there for % only.

Would be more of a benefit to have push/pull set up for US dollar accounts or a receipt (certificate) summary of GIC entry.

They should "perfect" on what they have before a new advent.

Yes, maybe. And they also put out feelers in their last survey for a credit card.

Good point. Being the old fart that I am...I must admit taking a pic of a cheque to deposit saves one going to an ATM.

In hind sight Hubert already has push pull. So the only need to take a pic of a cheque for deposit is rare for my wife and I. Nice but in thinking about it, I would rarely use. And no doubt cheques will be a thing of the past. While I don't know how to do it.....can you not send money from your bank account by email using interac? Perhaps not every bank or CU offers?

Loonie said

I hope these updates aren't the reason they just dropped their rate 5 basis points.
I'd rather have the better rate, and this is a niche they no longer occupy. The Bank of Canada may have have huffed and puffed but they haven't blown down interest rates since last Spring, so what's the problem?
As RicksBank suggests, you only need one account where you can deposit cheques through an app. I mean, how many cheques do people get these days? I only get a small handful per year.

I would be quite content if there was one bank/CU whose niche was to always have the best rates, by at least 25 basis points. Tang is actually doing better at that at the moment, and still offering the frills and spending a ton on advertising. Hubert does neither of the latter, so why can't they offer a better rate?

Good point. It appears to me that Hubert has developed a decent product that is most cost effective to run and manage. So why the rate decrease? Will others follow next week? It would now, be interesting to see who runs the most cost effecient operation.....Hubert, Accelerate, Oaken, Outlook, Tang...etc.

Accelerate still holding at 1.8%
I notice, however, that various FIs are starting to promote their 5yr rates.
This is not to say that those rates are exemplary - they're not.
However, it may be a sign that they think rates will rise sometime over the next few years. They want to lock in our money at a good price - for them.