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Email this4:39 pm
January 10, 2017
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savemoresaveoften said
U don’t need permission if u open the new account online yourself and it will prompt you for initial deposit, which you can transfer from the ‘old’ promo account. I among others on RFD are living proof it works.
That’s why I described it as ‘maybe a loophole’
Well it is still today. When trying to open the 2024 promo account the 2023-2024 account does not appear as an account from which one can take funds for the new account....so loophole already closed? Maybe, you have a special account 😉
4:52 pm
January 10, 2017
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This is the Duca rudderless "Leadership" team. With a President/CEO by the name of "CON"-ick, it now explains why they treat existing customers to badly.
Time to cast your vote before March 27th and vote for anyone NOT endorsed by the Duca board.
5:14 pm
March 30, 2017
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Lodown said
Well it is still today. When trying to open the 2024 promo account the 2023-2024 account does not appear as an account from which one can take funds for the new account....so loophole already closed? Maybe, you have a special account 😉
maybe, I was able to do it around noon time today.
But technically banks are closed for the day now, so today is not today :0
5:20 pm
March 30, 2017
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AR said
Londonguy, I intend to put the money back into Duca. It's paying the most for now. It will take only a few days. Coast uses flinks for transfers on the app (seen in video in t&c). I do not like flinks. Figuring out Coast Capital is too complicated.
I have other offers as well.savemoresaveoften, Yes, I believe you and the great people at rfd. Duca may be okay with it but I think it was Manulife(?) who returned deposits for trying a get around procedure.
It was described as a 1 day good will gesture for those that have money in the 5.25% promo (some people called in and the rep moved the money per request).
They are swamped with calls today with wait time well over an hour (from angry people who wants to transfer out, and those who call in to open new account), so maybe at some time this afternoon, management put a pause if still alow existing money to get to the new account or not.
Most of my money were out of DUCA before the new offer anyway, so net impact to me is insignificant whether they allow it or not.
9:08 pm
September 29, 2017
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GR said
According to a CSR at the branch, the new promo will be a savings account, but on NEW MONEY ONLY. The existing balance will not be eligible for the new promo! Move your money now!
Much ado about nothing.... Old money can easily become new money at DUCA... Simply move it out then back in, since they DO NOT use a waterline like some other banks, e.g. Tangerine. This has been the case for the few years I have been with them.
Of course, the $50K limit can be a constraint if you try to use Me2Me.
2 Alternatives:
- use a joint account to push money out from each login
- do pull from non-promo Duca account via an external bank.
2:08 pm
April 15, 2023
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I posted in the other 6% thread, but just FYI here.
I only noticed the old promo account rate reduction today, and I called my branch to see if I could get the new 6% promo. Within an hr they'd transferred the money in my old promo to the new one as a "New Account Deposit". I was told the entire amount would earn 6% (but I'll probably call tomorrow just to confirm).
Maybe worth a try at other branches as well so that no interest is lost transferring money out and in.
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