New client deposit earn 5.75% for 120 days | Motive Financial | Discussion forum

Anyone care to speculate on whether one's spouse would qualify as a new account for this promo?
(Assuming she is your friend, of course)

smayer97 said
No need to speculate. They are treated like any other person. If he/she never had an account, they are treated as a new client.  

Merci!

These pre-paid gift cards from particular merchants are a sleaze. They get them for free (or in some cases for next to nothing) from the merchant to force you to buy from them. I constantly run into outfits trying to "pay" me for surveys, subscriptions, parking rebates and the like with cards I have no use for. Most often Amazon and Starbucks.

Dean: Perhaps, but that was what the issuers called them - for example, "A pre-paid credit card from Amazon."

They may be actual pre-paid credit cards, but if so why would Motive be issuing "gift cards" when any client might be able to the non-bespoke cards wherever they wanted to? The affiliate discount/freebie is what likely what makes Motive want to use them.

I'm not a Motive member and I would never load a bank's smartphone app (and don't have one) - anyone else want to check up on this? I will admit to being cynical about this due to past experience.

Merchant-specific cards are usually called gift cards and not prepaid credit cards.

Prepaid credit cards are those prepaid MasterCards, prepaid Visa cards, or prepaid AMEX cards that can be used at different merchants.

Tango Card has three prepaid credit cards in its catalog: US$ prepaid MasterCard, US$ prepaid Visa, and C$ prepaid MasterCard.

Aha - another clue! If one has to log into the Tango website, they get the benefit of collecting and selling your information.

No free lunch on the web.

Dean said
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And there's also this email from Motive 2day . . .
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"Show your friends why a Motive Savvy Savings® account is the (gift) that keeps on giving.
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Refer a friend to Motive and you'll both receive a $100 e-gift card!
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Until October 31, 2024, when you refer a new-to-Motive friend – and they open a Motive Savvy Savings® Account – you'll each receive a $100 e-gift card¹ of your choice. Choose your gift card from a variety of businesses including Air Canada, Amazon, Lululemon, and pre-paid credit cards!
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Click here to start referring!"

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Now that ain't shabby, either !

Dean

  

Are there any conditions to be met when opening an account via a referral? ie. minimum deposit, minimum maintained balance for X days, account must remain open X days, etc.

Thanks

hwyc said
Make a friend first. Then ask your friend. What I don't know is if only a targeted group of Motive clients were vested with that power (via email) ... I can't find the detail openly on Motive site.

Hope that helps.  

Hi hwyc,

Thanks for the reply. What do you mean by "Make a friend first. Then ask your friend."? I was going to call them today to find out if I would qualify for the $100 E-Gift Card promotional offer if I signed up for a Motive Savvy Savings Account today or if it's just exclusive for existing Motive members/clients.

cchou said
Just curious if Motive has cleaned up its slower customer service and somewhat antiquated account open/mgmt processes? I was reading the prior posts from Fall 2023 but wanted to get insight of how things may be (hopefully better) now.

Definitely looking for a smooth open and eventual withdrawal process on the HISA!   

Hi cchou,

Thanks for the heads up. I called them yesterday and got through immediately to a CSR. I also called in the afternoon. I'm most likely gonna sign up for a Savvy Savings Account next week. I'll keep you posted on the process.

Thanks,
TD