Comments on: Peoples Trust review: feature overview and opening an account – By James

By: Bob

Bob — Fri, 14 May 2010 21:34:45 +0000

As of this date you write cheques made payable to yourself and not People’s Trust when opening an account as stated in the article. Here’s the modified line from the email compared to the above:

“If you have chosen to pay by Personal Cheque, please make it payable to yourself and mail it with your confirmation number written on the front to:”

Reply from Peter (site admin): many thanks for the correction!

By: Jen

Jen — Sat, 24 Apr 2010 10:00:59 +0000

I confirm that about 2 month ago I have linked my HSBC advance (formerly direct) account to my Peoples Trust saving account as described by James. At that time I was not aware of this web site and this review. I have just figured out by myself. Congratulation to James, he presented a very accurate picture of their offer.

It is comprehensible that some financial institutions make the linking process to external accounts more difficult. They are competitors!

By: RoachX

RoachX — Mon, 19 Apr 2010 02:37:20 +0000

I’m interested in the peoples trust savings account but would like to clarify EFT.

The peoples trust website ways to setup EFT you need to send them a cheque. However i would like to link my HSBC advance (formerly direct) account so that i can use its web interface. Do i still have to send any info to peoples trust or can i just go through HSBC’s linking procedure (send cheque or statement).

Thanks

By: James

James — Sun, 28 Mar 2010 22:33:24 +0000

At the time of writing the above article, linking the accounts via the letter from Peoples Trust was possible. In fact, according to Peoples Trust, it was done routinely up until PC Financial started rejecting their letters.

A representative from PC Financial confirmed that, although this may have been done previously, it is no longer an accepted method of linking the accounts. Furthermore, only a personalized cheque (with your name pre-printed on it) will suffice.

Hope this helps clear things up.

By: michael

michael — Wed, 27 Jan 2010 11:25:50 +0000

Contrary to the article, I was not able to link my People’s Trust account with my PC Financial account.

I followed the directions above. People’s Trust sent a letter to PC Financial, requesting that they link the account with the information I gave them. PC Financial sent me a letter saying that the document does not meet their requirements, and reiterated, “A void cheque must be provided” (personalized, pre-printed).

Has anyone had a different experience? (I have linked with HSBC by sending a bank statement, which is nice, but HSBC’s hold periods are too long.)