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Anyone Have Experience With Them?
July 23, 2016
11:48 am
Loonie
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Bill, can you clarify, was this from the HISA or from chequing? Thx.

July 23, 2016
5:25 pm
threeoakwest
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I don't have any problems with them at all. I also transferred from Alterna to one of the big 5 an it went through the next day.

July 23, 2016
5:38 pm
Bill
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Initiated me-2-me from my Alterna HISA morning of July 22, appeared in my TD account today dated July 22 (maybe it was already there last night, didn't check until today).

July 23, 2016
8:01 pm
Loonie
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Sounds very good. thanks.

January 11, 2019
11:33 am
picassocat
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Norman1 said

Keith1 said

Created a joint account on-line, easy process. However I have just learned that me to me transfers will not be available till May. As I have no branch near me the option of push and pull from another institution is a must. I will keep the account open and see what happens in May.

That is a significant limitation! sf-surprised

According to their Personal Service Fee Listing, cheques and point-of-sale debits are not permitted on the High Interest eSavings Account (with the 1.85% rate).

Sounds like one also needs to open an eChequing account for moving money in and out by direct deposit and pre-authorized debits (pushes and pulls) initiated from an external account.  

I just opened an e-savings account with Alterna Bank and I asked them for a debit card that I should receive soon, I guess the debit card must be linked to e-savings account, so I expect to be able to withdraw/deposit to/from e-savings. That POS are not allowed with e-savings, it's ok with me, I never use it, but if you do, you may want to go for a checking account. By far, I prefer linking e-savings with an ATM, that way I leave next to nothing in my checking account, an account that receives hardly any interest. That ATM is handy for emergency funds.

January 17, 2019
5:20 pm
Briguy
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picassocat said
I just opened an e-savings account with Alterna Bank and I asked them for a debit card that I should receive soon, I guess the debit card must be linked to e-savings account, so I expect to be able to withdraw/deposit to/from e-savings. That POS are not allowed with e-savings, it's ok with me, I never use it, but if you do, you may want to go for a checking account. By far, I prefer linking e-savings with an ATM, that way I leave next to nothing in my checking account, an account that receives hardly any interest. That ATM is handy for emergency funds.  

I think they might allow automatic transfer from their esavings to chequing account, so you could write cheques from your chequing account and Alterna would transfer the money from your esavings, allowing you to earn high interest rates. I read that on another post, but haven't personally verified this.

January 18, 2019
5:41 pm
Norman1
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Briguy said

I think they might allow automatic transfer from their esavings to chequing account, so you could write cheques from your chequing account and Alterna would transfer the money from your esavings, allowing you to earn high interest rates. I read that on another post, but haven't personally verified this.

I don't think that's guaranteed to be the case with Alterna Bank. The cheque could be returned as NSF if one hasn't previously arranged for overdraft protection on the chequing account.

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