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Paying bills from a savings account
September 16, 2019
11:22 am
Adam1
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Forum Posts: 4
Member Since:
August 28, 2019
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Loonie said
I don't understand how Adam reliably gets the money into Tangerine to cover his overdraft by 9pm same day if it's all at Motive. The penalty is too high for me to take that risk.

Never join a fitness club and you'll never have to worry about unauthorized withdrawals. If you want to get fit, get moving! You were born with the necessary equipment.
As the nice fellow at ING used to say, "save your money".sf-smile  

I transfer the amount of the overdraft from motive savvy savings to cha-ching chequing, and then e-Transfer to myself and accept it into tangerine chequing account. The payment usually gets withdrawn from my tangerine account in the morning so I have time to clear the negative balance. The overdraft alert gets sent by email.

Adam

September 16, 2019
11:48 am
Peter
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May 15, 2007
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Thanks for the great tip, Adam. I will benefit from that now!

September 27, 2019
8:29 am
Peter
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Forum Posts: 1061
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May 15, 2007
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Update: I've published a short article explaining how to set up Tangerine's overdraft feature, including a mention of Adam's tip of doing an Interac e-Transfer the day your account is overdrawn.

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