Newbie questions about PC Financial | Simplii Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Newbie questions about PC Financial
March 23, 2009
12:59 pm
JT
Newbie
Members
Forum Posts: 2
Member Since:
March 23, 2009
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

Hi everyone. I just opened a PC Financial Interest Plus account and Chequing account, and I have a couple of questions.

(1) Can I withdraw cash directly from my Interest Plus account from an ABM, or do I have to first transfer the amount I wish to withdraw from the Interest Plus account to the Chequing account?

(2) In order to use my PC Financial bank card to make Interac payments, can I withdraw the payment amount directly from the Interest Plus account, or again, do I first have to transfer the amount from the Interest Plus account to the Chequing account, and pay from the Chequing account?

I'd really appreciate any response you can provide.

March 23, 2009
5:54 pm
Shawguy
Member
Members
Forum Posts: 277
Member Since:
December 18, 2008
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

For both of your questions...you must first transfer from Interest Plus to No Fee Chequing. You cannot withdraw directly from Savings at ATM or Debit from Savings (Interest Plus) with PC.

Note: That transfers from Savings to Chequing take one day to process. Ex. Today (Mar 23) transfer from Interest Plus to Chequing, it will not be in your chequing account till tomorrow (Mar 24). Transfers can only be initiated through telephone banking or online.

Transfers from Chequing to Savings are instant and can be done at the ATM, online, or by telephone banking.

Hope that helps
SG

March 24, 2009
1:00 pm
JT
Newbie
Members
Forum Posts: 2
Member Since:
March 23, 2009
sp_UserOfflineSmall Offline
Go to Top
3sp_Permalink sp_Print

Thanks for the explanation, SG. 🙂

JT

March 24, 2009
4:21 pm
djino
Ottawa (Gatineau, Qc Area)
Member
Members
Forum Posts: 310
Member Since:
December 12, 2008
sp_UserOfflineSmall Offline
Go to Top
4sp_Permalink sp_Print

Thats the very thing I hate about PCF. The 1 day delay when moving money from Savings to Checking. (note: the other way around is Instant)

djino
"with the rate now at 1.65%, finding less reason to keep PCF"

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.