Pull Funds out of Hubert? | Page 3 | Hubert Financial | Discussion forum

RetirEd said
KamWest said:

I can't remember what accounts I have linked and I have to call in to find out!

You need a spreadsheet, or at least a big chart!  

You're actually right, so many accounts, chequing and savings. Some companies allow savings account linking and I prefer that so I get interest right away. So not knowing what I have linked until I call is a drawback. It really should be in the interface.

Nehpets said
Has anyone succeeded in pulling funds out of Hubert by creating a link to Hubert at another FI or is the only option to push out of Hubert?

If push, what is the typical time it now takes for Hubert to actually process the transfer. A couple of years ago I had to wait 5 days before Hubert actually initiated the transfer to my external FI.

Stephen  

Yes I use Oaken as a hub. But always be aware of any “holds” that you may create. Using Oaken, I “pull” large amounts out of Hubert. For small amounts I use the free e-transfer option to move funds out of Hubert.

I avoid calling Hubert (but do when there is no other option) and have refrained from using them for new funds or reinvesting.

But just to be aware, my last “push” out of Oaken took 5 days.

GIC-Fanatic said

Yes I use Oaken as a hub. But always be aware of any “holds” that you may create. Using Oaken, I “pull” large amounts out of Hubert. For small amounts I use the free e-transfer option to move funds out of Hubert.

I avoid calling Hubert (but do when there is no other option) and have refrained from using them for new funds or reinvesting.

But just to be aware, my last “push” out of Oaken took 5 days.  

I setup our TNG, OAK and EQB accounts to have access to Hubert HISA's. We don't use EQB much due to lack of joint GIC's there. But I have used both TNG and OAK to pull funds from maturing HUB GIC's; TNG as recently as Sep 2024, OAK Jan 2024.

Even though we lost Internet Banking at Hubert, I find their staff, particularly original Hubert staff extremely helpful and friendly. Some even remember dealing with me in the past, so they claim...
What they do now is they note your request and either they do it a little bit later or somebody else does it. It used to be they would do your request (open/close GIC, etc.) on the spot while you were on the line. Now it is done 'a little bit later' which requires you to log in in a few hours to confirm your instructions have been followed to the letter.

To follow up my post of Friday, Jan 10, when at noon PST I asked Hubert to push funds to a BC credit union, I report that the funds left Hubert within hours, and did not appear in BC on Sat or Sun, but this morning, 7 am, Monday, Jan 13, they do appear in my BC account.

Bank computers are often at the mercy of legislation that limits the hours and days when some actions can be taken.

And would you want all those lightning-fast computers left without any humans watching the store over weekends and holidays?

cgouimet said

ATM's, Debit cards and Credit cards run 24x7. Some branches run 6 days/week.

Doesn't matter. They are not fully processed until the next business day. In some cases, the transactions aren't even fully accepted until the next business day because required staff aren't in on the weekend.

I deposited a large cheque into a BMO account one Saturday. Teller informed me that the cheque is above her transaction limit. She could accept the cheque for deposit but could only release the hold up to her limit and not up to the full amount of the cheque. No one in the branch that day had the required transaction limit! So, there would be a hold on some of the funds until Monday morning. I said that was okay as I wasn't planning to withdraw any of the cheque that weekend.