DUCA 2.5% HISA Promo 2020 04 02 | Page 2 | DUCA Credit Union | Discussion forum

But with DUCA it is a 2 step process...move money into basic acct then call or write to have them move the $ into the promo acct, as you cannot pushed directly into the promo acct. Are you saying that they were still willing to move your pushed $ from July 14 into the promo acct?

That would be an interesting surprise.

That's good news. Is this new? I have been repeatedly told that was not possible and I have not seen them announce that ability.

Ebiv said
I'm not exactly sure when they introduced this feature, but I have been transferring funds via EFT push from EQ Bank and Tangerine since Sept 2018.

Each type of account has a different account number.
Chequing account: XXXXXX1001
Basic savings account: XXXXXX0001
Earn more savings account: XXXXXX6001
Earn more park savings account: XXXXXX9001

XXXXXX is your six digit member number. Transit number is still 21962 and institution number is still 828.

Please note I'm not sure if this is still valid after August 11 DUCA's banking system upgrade. They mentioned we will be issued new member numbers.  

Hmm... all I can say at this juncture is that you have bigger cajones than I do for trying this. Congratulations on the win.

I always knew that one could set up a direct EFT link to the 9000 series Park accounts, but since I'd already been denied access by a DUCA rep over the phone I didn't want to make an incoming transfer anyway and then see it rejected (with a resultant fee charge), or worse, find out a month later that my deposit was only earning 0.75% or something even less.

Kudos to you for exploiting the loophole, and I hope it continues for you. However, that's an interesting piece of insight on your part about the system possibly catching it during the current system upgrade, especially if that upgrade includes revamping the Park concept. I've always found the whole Park subaccount arrangement a little peculiar myself

This is just an update that I was still able to deposit into the Park account using an existing old external link (ending 9001). I only test transferred $0.01 into the Park account using the old external link (ending 9001).

Furthermore, I managed to successfully externally link my new 12 digit account number shown in DUCA. The 21962 transit number and 828 institution number remain unchanged. Two deposits from EQ Bank to verify the external link were deposited into the new Park account as well.

It seems both external link works. However, I think it is safer externally link the new account.

Any update on whether interest is being credited (at the higher rate) in the newly-upgraded Earn More Park account?

emax1234 said
Any update on whether interest is being credited (at the higher rate) in the newly-upgraded Earn More Park account?  

I made a deposit near the last week of August and the August interest deposited was calculated correctly to the cents so I believe it still works. I will also report back in a couple days once the September interest is deposited.

I can also confirm the September 2.5% interest paid out was correct to the penny.

If you call to move funds into it, they most likely will not. You have to push the money from outside. Not sure what the max is but DUCA is covered by Credit Union insurance to only $250K, so trying to go beyond that is at your own risk (we currently have over $200K).

smayer97 said
If you call to move funds into it, they most likely will not. You have to push the money from outside. Not sure what the max is but DUCA is covered by Credit Union insurance to only $250K, so trying to go beyond that is at your own risk (we currently have over $200K).  

@smayer97. You led me to check out Duca account and back to this thread. I left Duca for Tang GIC and surprisingly my Earn more Park account is still earning 2.5% as it was when I left.

The member ship number remains the same, however my Earn more Park account number had been changed slightly to xxxxx009010 (it has 2 leading 0's before the 9 and ending with 10) (no longer xxxxx9001). My Earn more Savings account number also changed to xxxxx006016 (no longer xxxxx6001). I noticed smayer96 and ebiv accounts number have not changed. Also notice that the account numbers are all visible now as opposed to hidden before. (maybe changed after the August update)

Regardless of the account numbers had changed, the posted interest rate is there anyone could link it externally and move the money in at one's own risk. All other accounts (including a new one Feel free savings account, not opened by me) have the interest rates in line with market rate, except the Park account. 2.5% is tempting but I probably won't risk it as i have the Simplii 2.3% till end of Mar (until something changes significantly....)

mustang said
I am sorely tempted to do this trickery to transfer into the 2.5 account-- but I also have misgivings
My Manulife offer expires on Monday-- trying to open up a new account with Simpli to get 2.0 promo
They tell me my card is "in the mail"
Seems odd for a "digital" bank  

Some digital banks are set up to issue you a client card for ATM purposes, e.g. Manulife, LBC and Simplii all do this, as you've discovered.

Since I have no real use for these cards I keep mine in a Ziploc bag in a desk drawer rather than carry them around