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Email this12:14 pm
February 17, 2016
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Made my first transfer from an external account link. It said processing time would be 5 business days, but I received an email within minutes that that acknowledged the deposit. Does anyone know if the deposit will start earning interest immediately or after 5 days?
Thanks
12:29 pm
August 4, 2010
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It should be eligible for interest immediately. They are simply "pretending" the ETF has been done right away, even though it won't get inserted until tonight, and the money won't arrive for another day or two after that, at least. The five day hold prevents you from sending the money out again, but you get the interest. Not that different from other online banks, except I think they usually don't post the amount to the balance until overnight at the earliest, once the ETF has been batched out.
6:36 am
September 17, 2014
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Last week I performed 2 transfers to EQ from the same bank
EQ Shows the transferred amounts immediately
1st Feb 11 cleared my bank on Feb 15 (Family Day)
2nd Feb 12 still has not cleared
Waiting to see how this will affect the EQ's hold period
