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Email this5:46 pm
January 10, 2017
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Has anyone successfully linked to their Oaken (Home Bank) Savings account at another bank site? If so, what Bank and Transit numbers did you use?
An old post seemed to indicate that for Oaken "Home Bank" the numbers are:
Bank no: 361
Transit no: 02332
Can anyone confirm this or something else actually worked?
6:03 pm
January 12, 2019
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.
Lodown said
Has anyone successfully linked to their Oaken (Home Bank) Savings account at another bank site?
. . .
Sorry ... it can't be done.
You can't push (or pull) to Oaken from another FI. You have to do all your transfers from the Oaken site only.
It's one of Oaken's many Warts. 
- Dean
" Live Long, Healthy ... And Prosper! "
7:45 am
January 10, 2017
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You are right...."cannot be done". All my searches are exhausted without success. Would really like to know how they do it ......given every other FI I know allows it.
7:56 am
January 10, 2017
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A word about FLinks that many FIs now use to link to your external accounts...I would stay away from using it given points given points 3, 4 and 5 at this link:
Instead of Flinks, mail or email in your cheques/PADS to link your accounts.
Seems the credit gatekeepers (equifax and transunion) want to know, keep, sell EVERTHING about your purchases....now FLINKS wants to know, keep, sell EVERYTHING about your Income frequency and income sources.
We should all call our MPs and demand Canada ban this practice or at least make it super clear and explicit in their Terms of Use as to what data they take from individuals and how they use it....especially in this era of identity theft!
As an aside, FLINKS has been purchased by National Bank.
9:04 am
October 21, 2013
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For convenience, here are the points to which Lodown refers:
"3. Transaction History: Flinks’ product allows businesses to pull up to 12 months of transaction history from all of their customer’s accounts. For lenders, this allows for enhanced risk assessment through reliable and comprehensive data. For personal finance managers, increased data will assist in identifying tailored financial products. As well, sources of income can be determined to reduce fraudulent lending applications.
4. Income Detection: Flinks' API allows businesses to understand where users' income is really coming from and gain access to a breakdown of their income sources: salary, government, pension and more. The goal is to gain a holistic view of a user's profile and reduce fraud.
5. Score: Flinks' Score is an AI that transforms a client's real-life financial behavior into intelligible predictive information in order to better a business credit offer. Score is built on a state of the art machine-learning model that feeds of financial data in order to assess behaviours pattern."
10:18 am
January 12, 2019
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Lodown said
You are right...."cannot be done". All my searches are exhausted without success. Would really like to know how they do it ......given every other FI I know allows it.
They do it because they Can (get away with it). Apparently it doesn't bother enough of Oaken's customers, to force them to change their ways.
It's the same with Oaken Not offering 'Registered' Savings Accounts, to go along with their Registered GIC's. It pisses some people off enough, that they refuse to have registered money with Oaken (like me, and several others here), but apparently they/we are in the minority.
Go Figure
- Dean
" Live Long, Healthy ... And Prosper! "
11:07 am
April 6, 2013
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It is easy for Oaken to do.
Institution #627 for Home Trust Company has no assigned clearing agent. Any pre-authorized debits and direct deposits destined for that institution number will be rejected by the originating institution.
Institution #361 for Home Bank has Bank of Montreal (Institution 001) as the clearing agent. Oaken can instruct Bank of Montreal to bounce any cheques, pre-authorized debits, and direct deposits as INA (Invalid account number), except those for its few corporate accounts.
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