Rate Changes March 27, 2024 | Page 2 | Hubert Financial | Discussion forum

Dean said
'Oaken Financial'.

I do not see any benefit of switching to Oaken. CDIC only up to 100K.
Interest rate is very similar, no quarterly GIC interest benefit. Maybe they have better on-line banking and ability to open GIC on-line...
Hubert staff is very helpful and I do not know of better one.
If any error is made it is corrected very fast to your benefit.

If you are moving money left and right chasing better interest maybe some other FI will work for you. I am sick and tired opening accounts all over the country to get 0.1% better rate.

As for Peoples - they will NEVER see my money again! After fiasco when they had a breach and put a flag on my credit file without asking me on both agencies I do not trust them anymore.

But anybody can have its favorite FI to suit his/her needs and this is not a reason to spit on and blame Hubert for what it become after the merge.

Alexandre said

If we are talking specifically convenience of online banking and not interest rates, my favorite is Tangerine.
The only FI from those I have accounts with that allows online transfer of funds from RRSP to non-registered Savings and Checking, and during that process will deduct the required amount of withholding tax.  

That’s a nice and very convenient feature.

CAD said

Dean said
'Oaken Financial'.

I do not see any benefit of switching to Oaken.

You might if you live in the area of Vancouver, Toronto, Calgary or Halifax.

CDIC only up to 100K.

100K at Home Trust
PLUS
100K at Home Bank
EQUALS 200K

But anybody can have its favorite FI to suit his/her needs and this is not a reason to spit on and blame Hubert for what it become after the merge. 

Right, everyone has various reasons (possibly compounded) as to where they invest and as to why they leave and why they will never return. Promises and known but unpublished changes will impact upon loyalty.

 

HermanH said

Alexandre said
If we are talking specifically convenience of online banking and not interest rates, my favorite is Tangerine.

I'll have to disagree, about Tang. Their silly security 'features' (failures) often trap me for doing the most innocuous things and then force me to wait hours or days for their Sec dept to open and resolve the issue. I use them, but reluctantly and with trepidation.  

Could you say more Herman? Our accounts date way back to ING days with never security issues ...

cgouimet said
Could you say more Herman? Our accounts date way back to ING days with never security issues ...  

Nothing to do with 2FA.

The security issues created by Tang are when their idiotic AI triggers on the slightest abnormality. We once tried to create/switch a few eLinks and soon got locked out. We did nothing wrong, except to create, use, then delete a link, in order to create a new one. Another time, we tried to move a large sum by breaking it up between other accounts and move $25K at a time from the same user. Another time I just logged in and found myself secure-locked-out. And the list goes on. Nothing illegal. Just moves that may not be commonly used. Every time, we are locked out and have to await almighty SECURITY for HOURS to unlock our accounts.

HermanH said
We did nothing wrong, except to create, use, then delete a link, in order to create a new one. Another time, we tried to move a large sum by breaking it up between other accounts and move $25K at a time from the same user. Another time I just logged in and found myself secure-locked-out. And the list goes on. Nothing illegal. Just moves that may not be commonly used. Every time, we are locked out and have to await almighty SECURITY for HOURS to unlock our accounts.  

If I happened to monitor activity and saw what you did (open, use, delete, ...) I would definitely flag your account for investigation.
Because it DOES look suspicious to open whatever, use it and close immediately.
Same as opening aliexpress (or whatever) account, purchase something, provide whatever address and close account when item is shipped.
Don't you think it is suspicious activity???

CAD said

If I happened to monitor activity and saw what you did (open, use, delete, ...) I would definitely flag your account for investigation.
Because it DOES look suspicious to open whatever, use it and close immediately.
Same as opening aliexpress (or whatever) account, purchase something, provide whatever address and close account when item is shipped.
Don't you think it is suspicious activity???  

No, I would not consider it suspicious, because Tang creates the problem with only allowing 3 eLinks, thereby forcing customers to do such things. Also, I only use forms and functions offered by the company. I did not try to introduce options not freely available to all. Also, Tang creates the problem of hyper-sensitive security (not a problem, in and of itself). However, their lack of access to the Sec dept means that any victims 'caught' by their stupid AI must wait until Sec dept decides to open only during regular banking hours and then sit on hold for HOURS as they take their time to re-set. I would agree with the additional security, if they also took the time to properly staff the Sec dept to fix problems Tang created.

Tangerine motto: All your time is ours to waste.

HermanH said

Tangerine motto: All your time is ours to waste.  

Then, why do you continue to choose Tangerine? It seems clear they are not interested in your patronage.

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Off-topic, but as I was writing a reply, a Copilot suggestion popped up to rewrite it. I accepted, so if it doesn't sound like my usual writing, that's why.
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Note that off-topic comment was also rewritten by Copilot.

HermanH said

Alexandre said
Then, why do you continue to choose Tangerine? It seems clear they are not interested in your patronage.

They get my bare minimum patronage possible and only if no other options are available. When they work, their eLinks with 2 test deposits are some of the quickest to create. However, I will not rely upon Tang. Any transactions I conduct through them is purely for convenience. I have back-up procedures, should I run into the usual Tang security stupidity.  

I suspect they flagged you once for some reason and have since been wary.

Tangerine is my main financial institution. I conduct all my banking effortlessly. I have savings, registered accounts, GICs, their Mastercard, and I frequently transfer funds. I add and remove links as needed. I handle everything online, which is what I appreciate about Tangerine.
I've never been locked out. I've been with them since 2012, back when they were ING Direct.

I thought someone mentioned fees. Can someone clarify the fees access is adding?