Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this2:27 pm
Just called Maxa to get some more information before I opened an account and here are the answers in case someone is thinking of opening an account. I'll be calling Ally next because so far I don't like what I heard from Maxa:
Q: Do you offer downloads of account activity for Quicken or Money:
A: She wasn't too sure but said yes.
Q: What are hold times for funds?
A: 10 days for ATM deposits.
Q: Do you offer EFT (Electronic Funds Transfer)?
A: Yes. $5 setup fee. Must be a continuous amount (e.g. $100 every month)
Q: Do you allow linking of accounts with other institutions so I can transfer money back-and-forth online?
A: No.
I was going to ask more about fees which seems to be $1/month for withdrawals with 1 free a month, but the above was enough to make my decision and look elsewhere.
3:42 pm
I'll be calling Ally next because so far I don't like what I heard from Maxa:
Can you call Canadian Direct Financial as well?
1:35 am
So that's why they charged me $5. Guess I have to learn how to read 🙂
I just signed up for an ally account. Just like ctfs you can link external accounts. Unless maxa has the best rate (so far all this year I believe they consistently beat ctfs rates), I think that I'll just keep auto transferring a few bucks every paycheque and that's it. Then eventually when I figure out my long term goals, financial situation, job security then move on to the stock market. Knock down the auto transfers to a few dollars just to keep it active. Or could I just sign up for a tfsa and the interest would count as activity?
I assume that one free debit per month would include an eft from maxa to another institution? To their credit, they seem to respond to emails quickly. I had emailed them back and forth a few times on the same day about some debits shortly after opening an account.
1:42 am
Ronnie said:
I'll be calling Ally next because so far I don't like what I heard from Maxa:
Can you call Canadian Direct Financial as well?
Canadian Direct is not an option for me because they don't offer TFSA.
1:44 am
jacks said:
So that's why they charged me $5. Guess I have to learn how to read 🙂
I just signed up for an ally account. Just like ctfs you can link external accounts. Unless maxa has the best rate (so far all this year I believe they consistently beat ctfs rates), I think that I'll just keep auto transferring a few bucks every paycheque and that's it. Then eventually when I figure out my long term goals, financial situation, job security then move on to the stock market. Knock down the auto transfers to a few dollars just to keep it active. Or could I just sign up for a tfsa and the interest would count as activity?
I assume that one free debit per month would include an eft from maxa to another institution? To their credit, they seem to respond to emails quickly. I had emailed them back and forth a few times on the same day about some debits shortly after opening an account.
I signed up for Ally as well. Sent a cheque in and had the money deposited within a few business days. Search for Ally for the call I made and questions I asked. Hopefully Ally will be added to the comparison chart soon and it will get it's own forum.
4:12 am
Made a few posts so far, finally figured would register for an account. .
Go to copy and paste the password and apparently incorrect. Anyway...
I emailed maxa for history of rates and they send me all the way back from Oct 08 (who knew they have been around for that long?) Also mentioned that they pretty much are the same as any other virtual bank, but they try to keepep their rates competitive. If the "chart admin" wants to email me:
---- e-mail removed ----
Offline
Please write your comments in the forum.