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Rather pathetic from EQ - 3% HISA offer
October 14, 2023
11:08 am
Doug
British Columbia, Canada
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Norman1 said
Doesn't have to be deposits. Recurring $500+ per month of pre-authorized debits will also qualify for the 3% offer.  

Good point. I forgot about that, as long as that's not $500 per PAD but, rather, $500 in cumulative PADs per month.

Recurring investment deposits from a brokerage account may also qualify, too.

October 14, 2023
1:24 pm
Norman1
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Only the direct direct deposits and pre-authorized debits listed in EQ Bank Bonus Interest Offer Terms and Conditions are eligible to be considered for the offer.

Scotia iTRADE codes their bank account pre-authorized debits and direct deposits as 260 for "Investment (INV)" which does not qualify.

October 14, 2023
1:39 pm
Doug
British Columbia, Canada
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Norman1 said
Only the direct direct deposits and pre-authorized debits listed in EQ Bank Bonus Interest Offer Terms and Conditions are eligible to be considered for the offer.

Scotia iTRADE codes their bank account pre-authorized debits and direct deposits as 260 for "Investment (INV)" which does not qualify.  

That's unfortunate, since people who have RRIFs and RRSPs with Scotia iTRADE would be excluded.

Curiously, they have permitted health & dental insurance company reimbursement direct deposits and charitable donation pre-authorized debits as qualifying debits and credits.

Cheers,
Doug

January 12, 2024
3:27 pm
Bill
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Got email today with 4% HISA offer from EQ if you use them for paycheque direct deposit. Some details, if anyone's interested:

Here’s how to get your bonus interest:
• Set up $500/month or more in direct deposit for your pay
• Applies to your Savings Plus Account, Joint Savings Plus Account and EQ Bank Card1 balance
• Once you set it up, you’ll be eligible for the increased rate of 4.00%* for 12 months!
• If you’ve already set up the above, no need to take any action—you automatically qualify for bonus interest!
• Once your bonus interest is in effect, we’ll send you an email to let you know.
If you’d like to learn more, you can visit our FAQ for more information.

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