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Email this10:03 am
January 10, 2017
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That is good to know. Does the PDF direct deposit form need to be signed?
10:38 am
April 21, 2022
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Lodown said
That is good to know. Does the PDF direct deposit form need to be signed?
No, with that being said, they can be a bit finicky with accepting uploaded void cheques and direct deposit forms, just depends on the person reviewing the request.
10:59 am
January 10, 2017
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That is why I asked. I once signed a PAD form and was told not to by the accepting bank. There seems to be no consistency with these banks.
So for Manulife, I uploaded a Pre-Authorised Payment (PAP) form, which my other bank claimed is like a Void Cheque. I filled it out myself with needed details, but did not sign it. Will see what happens.
11:14 am
April 21, 2022
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Lodown said
That is why I asked. I once signed a PAD form and was told not to by the accepting bank. There seems to be no consistency with these banks.So for Manulife, I uploaded a Pre-Authorised Payment (PAP) form, which my other bank claimed is like a Void Cheque. I filled it out myself with needed details, but did not sign it. Will see what happens.
If they reject it, they'll usually let you know and why.
10:30 am
April 21, 2022
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The total interest rate on this promotion has dropped to 5.5% as the base rate was reduced, likely a result of last week's BoC announcement.
10:54 am
October 4, 2018
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JohnnyCash said
The total interest rate on this promotion has dropped to 5.5% as the base rate was reduced, likely a result of last week's BoC announcement.
That sucks but we knew this could happen. It's all just a part of 'the game'.
11:17 am
December 22, 2022
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JohnnyCash said
The total interest rate on this promotion has dropped to 5.5% as the base rate was reduced, likely a result of last week's BoC announcement.
We knew it was coming. Was just a matter of when.
11:52 am
January 10, 2017
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Peter, we need a title change to 5.5%
11:54 am
May 15, 2007
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Lodown said
Peter, we need a title change to 5.5%
Thanks; done!
2:22 pm
June 15, 2024
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Interesting how this bank and others quickly come out to the gate to lower rates, when bank of Canada raised the rates, many banks were slow in increasing their rates.
8:01 am
January 10, 2017
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JohnnyCash said
No, with that being said, they can be a bit finicky with accepting uploaded void cheques and direct deposit forms, just depends on the person reviewing the request.
Yes, very finnicky! I sent them a stamped form from my external bank and they still did not accept it. They emailed me a Manulife form that they wanted filled out and signed and stamped by my external bank ! I ended up using FLINKS - linked in under 10 minutes, but changed my password before and after the link.
1:36 am
April 21, 2022
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Unsurprisingly, another reduction in the APR tied to the recent BoC announcement. The good news, it was only 0.15%, for an effective rate of 5.35%.
8:34 am
January 10, 2017
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Good to see. Seems some banks are having a hard time raising funds despite the BoC lowering rates.
7:50 am
January 10, 2017
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I pulled my funds in August and only left Interest that had accrued in the account. Lo and behold, no "Bonus Interest" was paid on October 1st. Seems a number of banks are doing this these days.
9:29 am
January 12, 2019
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.
It's too bad Manulife's GIC Rates (scroll down to 'Investment Rates') and regular SA rates are so ... 'Uninspiring'. 
In spite of their special short-term SA offers, I just can't be bothered with them.
- Dean
" Live Long, Healthy ... And Prosper! "
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