Motive Savvy Savings account changes effective 14 July, 2024 | Page 2 | Motive Financial | Discussion forum

JohnnyCash said
Hmm...just had a look at their website, the Savvy Savings account details have yet to be updated with the changes. What struck me was the Cha Ching Chequing account seems to have disappeared, perhaps all part of the master plan?  

Savvy account details: https://www.motivefinancial.com/en/savvy-savings-account

Checking accounts shown on Rates Page: https://www.motivefinancial.com/en/rates

Stephen

JohnnyCash said

Looks like the Cha Ching chequing account has been grandfathered too along with the regular Savings account. Anyone know what happens to the existing debit cards that are defaulted to the Cha Ching chequing account, will they be automatically reprogrammed to default to the Savvy Savings account?  

My Cha Ching checking account is still there, which should mean my existing Motive debit card is still linked to it.

mustang said

My snail mail letter just arrived today. It is dated July 1  

Dean said

Ditto ⬆

I wonder if this is all leading up to a 'New & Improved' Motive Savvy Savings Account ... with a Much Lower interest rate.

I wouldn't be surprised.

Dean

  

I received that Same notice via email 2day. Apparently, their Marketing Dept. felt a Duplicate notice was necessary ... LOL

Now if they'd only clean up their Mess of a HickBilly Website. Especially those *&^%$# parts dealing with their GICs. They've been promising that for over a Year now, but so far ... NADA ❗

Dean

Got this in my email today:

Great news!
Now, when you use your Motive Savvy Savings® account as your everyday account, you'll notice some exciting new enhancements designed to improve your banking experience, including free unlimited transactions, free e-transfers and no ATM fees!*

Here’s how the best savings account just got better:
[image of chart in post #1]

Find all the ways to transfer funds easily to your Savvy Savings® account here. Connect your pay cheque to your Savvy account to earn more on every dollar, pay your bills through Savvy and send e-transfers whenever you need to for free.

Thank you for being a valued client at Motive Financial. We look forward to helping you grow your money faster.

Sincerely,

Tal Zisu
Head of Motive Financial

Gee, you could have saved some trees and postage by just sending us this rather than the letter

With that wording, there is no doubt that they are in the boxing ring with the WS cash account now. Which is awesome, neither one can introduce fees or limitations without fear of folks churning over to the other.

Going to be really interesting to see what happens when National Bank gets approval and takes over CWB and Motive. They are a traditional fee-loving institution and they might look at us Savvy freeloaders as fee potential or unwanted baggage.