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January 4, 2020
2:32 pm
Norman1
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picassocat said

… It’s fun to pay your bills directly from the savings account and not go thru the checking account like tangerine.

Update : So I did pay my first bill (hydro) with this bank and yes it’s a great feature to being able to pay with the quick transfer option directly from the HISA account, but my balance wasn’t immediately updated (I paid the bill past midnight).…

I think you've found a way around one of their HISA restrictions!

Bill payments are not supposed to a feature of the B2B Bank HISA, according to 2.3 of the account terms and conditions:

2.3. If your Account is the B2B Bank High Interest Savings Account, the following features and services do not come with your Account:

a. no Debit Card or ATM privileges;
b. no cheque-writing privileges;
c. you cannot send or recieve an Interac e-Transfer®†
d. no bill payment privileges.

Withdrawal of funds from the B2B Bank Hight Interest Savings Account, is limited to electronic funds transfers to another account in your name with us or with another financial institution to which you have created a link in Online Services.

January 4, 2020
7:53 pm
picassocat
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Thanks for the info Norman1 ! I wasn't looking for a work around, I just went to the quick transfer option and transferring to a bill payee was/is available. If they do not want us to do it that way they will need to change it, but it does making paying bills much easier than going thru the checking account, and my transfer was registered in the transaction history: «bill payment Hydro Québec»!

I usually pay my bills with Alterna, and with them, it’s strait out of their HISA (not like Tangerine) and their debit card is also linked with that account ! (in fact, I don't even have a checking account with Alterna !).

B2b have so many updates to worry about; this feature should be low on their priority.

Note: When I called them about accounts not updating immediately, I told them how I had paid my bill (with quick transfer) and there was no reaction on their part.

January 23, 2020
10:12 am
picassocat
Québec
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Just tried to quick transfer money from HISA to checking and quick transfer is «out of order» and the CS can’t do it for me neither, system is being updated and it’s afternoon. I can’t access my money nor can I pay my bills. What a great bank.

January 23, 2020
10:31 am
hwyc
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I was there this morning experiencing the same at the Quick Transfer tab. However, I managed to do the transfer by clicking into the account and initial the transfer. Just checked again and the transaction seems to have happened.

January 23, 2020
7:27 pm
Briguy
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I read on RFD someone was bill paying from their HISA as well using quick transfer side bar. First you need to test with a small amount and make sure it goes through. I personally don't see the point, since it takes one minute to transfer from HISA to chequing and bill pay from chequing.

So far I haven't hear of anyone adding B2B/LBC HISA or Chequing to their PayTm account, and using PayTM to pay bills. There wouldn't be much gain, just 0.1% in PayTM points that you would use to buy gift cards. For example, if you paid 4000.00 municipal taxes that would only be 4.00, not worth the hassle of potentially getting your HISA account banned at B2B/LBC if you linked to that, or having to first transfer from your HISA to your chequing account before paying the bill if you linked to your chequing.

January 24, 2020
12:42 pm
Londonguy
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Briguy said
I read on RFD someone was bill paying from their HISA as well using quick transfer side bar. First you need to test with a small amount and make sure it goes through. I personally don't see the point, since it takes one minute to transfer from HISA to chequing and bill pay from chequing.  

I've paid bills directly from both my B2B HISA and LBC HISA using the Quick Transfer sidebar. The first time I did it, it was unintentional on my part, because it says under their TOS you're not supposed to be able to pay bills directly from the HISA. However, when you're on their site, your registered payees still populate using the Quick Transfer function so I can see why people do it. You would think their software wouldn't allow it, yet it works. But you're right, purposely taking the risk of getting your account closed over an extra click or two seems silly, and I don't do it anymore.

As for the property tax thing, I'm not a PayTM person and can't really comment, but I do use my CT Triangle World Elite MasterCard to pay my property tax bills to earn the 1% on the way by. Over the course of a year that's $50 in free money since the card has no fee. I also pay my natgas and hydro bills the same way, which yields about another $40 for making payments I have to make anyway

January 24, 2020
5:46 pm
John H
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I have used the Tangerine credit card for paying preauthorized bill payments for companies that allow credit card payments. The card is free and the cash back is 2%. I pay Rogers, Bell, car insurance, and house insurance - just under $700 a month for $14 cash back. And the Triangle card is good for another four payments a month totaling about $800 for another $8 cash back. Not a lot, but as Londonguy said the bills have to be paid in any case.

January 24, 2020
10:30 pm
smayer97
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Londonguy said

...

As for the property tax thing, I'm not a PayTM person and can't really comment, but I do use my CT Triangle World Elite MasterCard to pay my property tax bills to earn the 1% on the way by. Over the course of a year that's $50 in free money since the card has no fee. I also pay my natgas and hydro bills the same way, which yields about another $40 for making payments I have to make anyway  

What city are you in that allows paying property tax by credit card? Toronto does not allow this. What natgas and hydro are you with also? Enbridge and Toronto Hydro do not allow this either.

January 24, 2020
10:32 pm
smayer97
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John H said
... I pay Rogers, Bell, car insurance, and house insurance - just under $700 a month for $14 cash back. ... 

What insurance are you with that allows you to pay by credit card?

January 25, 2020
3:59 am
John H
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Re two messages above:

I have a condo in Mississauga and a house in Blue Mountains. My car & house insurance is with Aviva.

Some companies and utilities do not allow payments from a credit card but accept payments where the payment is defined for the Triangle card and the payment is a "push" from the Triangle account. I have done this for Blue Mountains Utilities, Blue Mountains Taxes, Mississauga Taxes, and Hydro One.

There is a long list of companies and utilities that accept payments from Triangle using the "push" process.

Hope this helps.

January 25, 2020
4:29 am
smayer97
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Thanks for the tip. I have read that before but forgot about it.

I have a CT WE Triangle card too. Just looked into this. I can see that my gas and hydro are accepted; likewise for City of Toronto property taxes bit not water.

Also, how do you make the payments, manually every month? I do not see a way to create a recurring transaction where the amount varies month to month or the date varies. Are you on equal billing?

January 25, 2020
5:36 am
John H
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smayer97 said
Thanks for the tip. I have read that before but forgot about it.

I have a CT WE Triangle card too. Just looked into this. I can see that my gas and hydro are accepted; likewise for City of Toronto property taxes bit not water.

Also, how do you make the payments, manually every month? I do not see a way to create a recurring transaction where the amount varies month to month or the date varies. Are you on equal billing?  

For the Triangle payments I pay manually every month. I am not on any equal billing plans.

January 25, 2020
6:05 am
smayer97
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John H said

For the Triangle payments I pay manually every month. I am not on any equal billing plans.  

So for property taxes, does that mean you pay something like twice or 4 times a year (or however they break it up)?

January 25, 2020
7:35 am
Londonguy
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smayer97 said

So for property taxes, does that mean you pay something like twice or 4 times a year (or however they break it up)?  

My taxes happen to be due in 5 installment payments per year, but yeah, you get the idea. Hydro and gas payments are obviously monthly.

This all works because CT also operates a bank, and CT Triangle card holders are able to access the CT payments system to pay suppliers who ordinarily don't accept credit cards as a form of payment (or charge a fee if they do) e.g. typically municipalities and utilities.

Using the CT payments system works exactly as your online bank account. The recipient of your funds has no idea that the payment is being booked against a CC account, nor should they care because they receive 100% of their bill. CT eats their internal cost of processing these payments as a perk for CT cardholders.

This strategy is only required where a recipient still doesn't accept credit card payments, or charges a fee if they do (e.g. municipalities, utilities, university tuition). Not every municipality and utility is listed as an eligible payee but it's still a very comprehensive list.

Basic CT Triangle cardholders earn 0.8% and CT World Elite 1% on these payments. As someone else noted with their Tangerine example, by all means people should pay their bills that do accept card payments with the highest reward card they've got, as long as there's no processing fee (e.g. cable, phone, water heater, car & home insurance, etc.)

January 25, 2020
7:51 am
smayer97
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Thx kindly. BTW, you might want to consider the Laurentian Bank Dollar Visa card for your recurring expenses. It offers 3% on all recurring expenses plus 2% on gas and groceries (1% for all else). It does have a $65 annual fee but based on your spending you would still net an additional $19/yr.

Not much BUT since it already covers 3 categories, that frees up your Tangerine card for 3 more categories for you to collect 2% on for more earnings.

Just a thought.

January 25, 2020
7:52 am
John H
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smayer97 said

So for property taxes, does that mean you pay something like twice or 4 times a year (or however they break it up)?  

Yes - I pay as they break it up.

January 25, 2020
7:55 am
John H
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smayer97 said
Thx kindly. BTW, you might want to consider the Laurentian Bank Dollar Visa card for your recurring expenses. It offers 3% on all recurring expenses plus 2% on gas and groceries (1% for all else). It does have a $65 annual fee but based on your spending you would still net an additional $19/yr.

Not much BUT since it already covers 3 categories, that frees up your Tangerine card for 3 more categories for you to collect 2% on for more earnings.

Just a thought.  

Interesting idea! I have never considered the Laurentian Visa card. Thanks

January 25, 2020
9:13 pm
picassocat
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Briguy said
I read on RFD someone was bill paying from their HISA as well using quick transfer side bar. First you need to test with a small amount and make sure it goes through. I personally don't see the point, since it takes one minute to transfer from HISA to chequing and bill pay from chequing.   

I pay my bills via the quick transfer tab (at least twice so far). Their own system allows me to do it, and I don’t see the point of transfer in to checking then paying from there, it’s just a pain in the derrière. I even mentioned this to CS and they had no reaction. With Alterna, I always pay my bills via my HISA, always (I don’t even have a checking account with them!!). If they suspend me, I will take my business elsewhere. If they don’t want me to do it that way, well take the means away. I never read the fine print, I just use their platform.

I just read the fine print

«2.3. If your Account is the B2B Bank High Interest Savings Account, the following features and services do not come with your Account:

a. no Debit Card or ATM privileges;
b. no cheque-writing privileges;
c. you cannot send or recieve an Interac e-Transfer®†
d. no bill payment privileges.»

Well, the bill payment feature comes with the account, it’s built in.

January 25, 2020
9:38 pm
smayer97
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@londonguy & @john h

how do you pay your car and home insurance? I looked into this today and my insurance companies say that if I do not use pre-authorized debits from my bank account then I can only pay the FULL ANNUAL amount using the "full invoice"... no other option. They even accept credit card payment but only for the FULL ANNUAL amount.

Is that what you do or do your insurance companies offer more choice?

January 25, 2020
9:43 pm
John H
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smayer97 said
@londonguy & @john h

how do you pay your car and home insurance? I looked into this today and my insurance companies say that if I do not use pre-authorized debits from my bank account then I can only pay the FULL ANNUAL amount using the "full invoice"... no other option. They even accept credit card payment but only for the FULL ANNUAL amount.

Is that what you do or do your insurance companies offer more choice?  

Aviva charge a monthly amount to my credit card.

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