Outlook financial 4.1% is basically the same product as Achieva financial 4.1%
Both are virtual accounts .. with no branches ( I have both of them by the way )
Outlook is a division of Assinaboine Credit Union, where Achieva is a division of Cambrian Credit Union..
With both you are allowed one Free withdraw / check / debit per month…
Each additional withdrawal is $1
with Achieva – bill payments (regardless of amount) – .50 cents a bill payment
With achieva .. – 1 Free debit a month is in a form of a Check.. (you write check to yourself say in any amount .. or write a check to anyone else)
With Outlook – 1 Free debit is more flexible i think – either a check, or atm withdrawal, or maybe even a bill payment – qualifies as a 1 Free debit transaction..
With Achieva – i am pretty sure – you get more initial checks which are FREE.. .. with Outlook you get way less initial Free checks (but enough to get you started – like 25 i think)
With Achieva – if need more checks in the future – pretty sure you can order additional checks for FREE
Where with Outlook – if will need more checks in the future – will need to pay for them when ordering them..
Other than that.. they are the same product.. and Savings account rate is ALWAYS basically identical..
The GIC rates might vary a bit.. but more or less are the same…
Here are links to both:
Latest posts in the Achieva Financial forum
I want to open an account 100% electronically (i.e., without snail-mailing anything). Is this possible?
4 thoughts on “Achieva Financial — review by Darkman”
Yes, Outlook gives 25 initial Free checks. Now, the 3rd Manitoba-based virtual branch is http://www.maxafinancial.com and is a division of Westoba Credit Union. The rates are the same. The fees are same as Outlook and you get 12 initial Free checks.
I have an $18K RRIF with BMO. Can I transfer this to you easily without cost? You are currently offering 2%/yr. Is this correct? Will my money be secure? Is it covered by Fereral Deposit Insurrance?
Hi W. Hatt,
This site does not represent Achieva, so I would suggest you contact them directly to confirm any details. However, you can discuss the bank with other users in the forum and check the latest rates in the comparison chart.
Too bad you have Canadian bank accounts, but still can’t spell “cheque” properly.