Initiating transfers from Tangerine to CT Bank | Page 2 | Canadian Tire | Discussion forum

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Initiating transfers from Tangerine to CT Bank
April 4, 2021
11:19 am
JimmyM
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annie said

CT=Canadian Tire Bank?  

Yes, CT= Canadian Tire Bank. I used your same abbreviation for clarity (or at least so I thought, lol).

Once you are logged in to Canadian Tire Bank, Click on Account Services and Click on Direct Deposit Request.

Fill out the form. The Deposit Type, Company Name and Company Address can all be fictitious, they are just required to generate the rest of the information. Once you click Continue, the Institution, Transit Number and Account Number are displayed with the digits required for Electronic Fund Deposits/Withdrawals.

Note: There may be extra digits on your bank account that you don't normally see. These extra digits are required when setting up Electronic Funds Deposits/Withdrawals.

I have found that if you get the Direct Deposit Form, you then have all of the digits required. This has worked for me with 10 Financial Institutions, I have yet to have one fail. Using this method, I have not had the microdeposits bounce even once.

Hope this information helps you and perhaps a few others who are struggling to find success with setting up Electronic Funds Deposits/ Withdrawals.

April 4, 2021
1:20 pm
topgun
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Rick said

Guess it depends on the FI. I regularly pay all my bills from my Motive regular savings and do pulls from my Tang, Hubert and EQ savings...no fees on any of them  

I tried paying bills from Tang ,Simplii ,and CIBC. I have checking and savings accounts with them. The only option is from my checking account.

My Ontario CU has checking and savings account. I have the option of paying from either my checking account or savings account. Maximum of TWO payments per month without a fee.

My Manitoba CU has only a savings account. Maximum of ONE payment a month without a fee.

Never able to do PULL from savings account since ALL external links are checking accounts.

Have a Great Day

April 4, 2021
1:33 pm
Rick
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topgun said
Never able to do PULL from savings account since ALL external links are checking accounts.  

EQ was the easiest to set up. Did both my Tang checking and savings accounts at the same time from the EQ site. Now I can yank any promo funds directly from the savings account into EQ. Can only do from Tang checking the other way though. 3 FI link limit at Tang is a bit onerous.

April 4, 2021
2:21 pm
topgun
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Three FI limit at Tang. I have ONE USD link. I have TWO CND links. One is connected to a main CND hub.

Have a Great Day

April 4, 2021
2:33 pm
greyowl
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This is great information--thanks for the discussion.

Now, I am wondering about PAD (Pre-Authorized Debits) with Canadian Tire Bank.
I want to pay my taxes to Canada Revenue Agency and set up a PAD with CRA so they will take the money directly from my back account on the due date. Will this work with Canadian Tire Bank?

Has anyone had any experience with PAD and Canadian Tire Bank?

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