6:16 pm
December 20, 2016
ottawa said
Does PT/PB have a limit on mobile deposits......
I wasn't aware Peoples Trust has a mobile app, and they don't have a link for it on their website. The Android app is on Google Play Store which i installed out of curiosity.
Their Android app is clearly deficient and does not accommodate mobile deposits as you asked about. All you can do is transfer between your Peoples Trust accounts.
Regarding EFT's on the other hand, I have not encountered any limitations, but Peoples Trust does have a "Hold Policy" which is described HERE
The hold policy is overridden when the deposit is intended to fund a GIC but you have to speak to a CSR to make the transfer to the GIC account.
Stephen
7:04 pm
April 26, 2019
If you have money at PT “on hold” and you want to purchase a GIC just give them a call and they will lift the hold and put it back on the remaining funds. They will stay on the phone if you want, while you do the GIC....it takes seconds to do! Also you have to contact them after you do a GIC if you want to have it pay out interest annually or if you don’t want it to auto renew at maturity.
7:42 pm
July 7, 2020
Thanks, the account is brand new so doesn't have much in it ($1.01). I guess was skimming the app in Play Store too fast, this is the reference that I misread:
• Access to pictures and videos – allows your device to download the app and when it is launched enable use of Deposit Anywhere, a function that allows you to deposit cheques on your phone.
key phrase "when it is launched" which I missed. When we set up the account, my relative only had a cheque for one account handy, and that's not the one we'd want to fund from. We're going to fax in the external account form now that she has cheques for her main account handy, but I'm trying to figure out how to get her money into PT a little faster (it's some of her savings so don't care if there's a hold).
Thanks and sorry for the false alarm.
10:37 pm
October 21, 2013
5:56 am
July 7, 2020
For sure stay within CDIC limits. The challenge is the only place she can stage her money is bank A, for which she didn't have cheques at the time, so her PT account is linked to bank B because that was the cheque she had.
Now she has cheques for account A, so we're going to fax the form to link account A to PT but who knows how long that takes. We can't mobile deposit, no ATM (or no debit card), right now the only solution I see is to write herself a cheque on A, deposit to B (possibly by ATM if they have a mobile limit), wait for the hold to clear, then pull into PT.
If anyone sees an easier/faster way, please let me know. Thanks.
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