Tandia Wonderfulrate - new money in new HISA account earn 3% until March 31st 2022 | Page 6 | General comparisons | Discussion forum

savemoresaveoften said
is Me2Me transfer free for all accounts including the wonderful rate account ? Cant seem to find that info on their site at all. For their savings account fee page, it does not specify if Me2Me is free nor the wonderful rate account...

Just have Me2Me setup so want to test it, obv not at the expense of paying fee 🙂  

The Tandia site is very unclear to determine fees for me-to-me transfers out - hard to match the fees to names of the accounts. But there does seem to be a fee for most transfers $1.50 for some, and $5 for others. Did not see where it says the first transfer-out is free. Wonder if that is the idea, not to be upfront about their fees. I am sure those who took the "wonderful" offer will need to do some questioning of the Tandia staff to avoid paying big fees to get their funds out.

Norman1 said
I think the "Debit transactions included" for the savings account indicates the number of free debit transactions.

The Wonderfulrate account will be closed out on April 1. If one doesn't have another savings account on April 1, a Tiered Interest Savings account will be opened to receive the funds from the Wonderfulrate account. The Tiered Interest Savings account includes one debit transaction.  

For reference, wonderful is my first account with them and they automatically open a tiered savings acct with me at the same time,

canadian.100 said

The Tandia site is very unclear to determine fees for me-to-me transfers out - hard to match the fees to names of the accounts. But there does seem to be a fee for most transfers $1.50 for some, and $5 for others. Did not see where it says the first transfer-out is free. Wonder if that is the idea, not to be upfront about their fees. I am sure those who took the "wonderful" offer will need to do some questioning of the Tandia staff to avoid paying big fees to get their funds out.  

Tandia fees are very upfront on this page:
https://www.tandia.com/fees

And account fees can be found here:
https://online.tandia.com/SharedContent/documents/ServiceFees/DEC%202020/SFB_AccountRelated_Dec1_2020.pdf

There is no fee for Me2Me transfers.

Here are the fees for Savings accounts:
https://online.tandia.com/SharedContent/documents/ServiceFees/DEC%202020/SFB_Savings_Dec1_2020.pdf

There is one withdrawal/month allowed for Tiered savings @ $1.50; $5 each transfer from eVest accts, yet account transfers are free.

So, I see the conflict with the previous set of account related fees where Me2Me transfers are free. I will inquire to get clarity.

anita555 said
Has anyone had to withdraw all or a large sum of money from their Wonderfulrate account...

Anita,
When you are ready to withdraw funds, because Tandia has very low limits on EFT's, you need to deal directly with one of the CSR's on the phone, who would set up a one time pre-authorized debit from your Tandia account and transfer those funds to the FI of your choice, using a blank check as the ID of the destination account...from the way it was explained to me when I first set up my Tandia account.

Stephen

First package of cheques is still free, but perhaps only to seniors - not sure.
That package has four books of cheques, enough for a lifetime!

Norman1 said
According to their Dec 2020 chequing accounts fee schedule, cheques are only free now for those age 60+ who have the Limitless 60 Plan.

Cheques are $40+ per order for everyone else.  

Some may not be aware but there are tons of cheques printing companies out there that one can order cheques for cheaper than what the FI charges. Think min is 100 but starts at $24.99 only. 100 is plenty these days. I ordered mine from chequesplus and no bounce at all using their cheques vs the "genuine" bank printed ones.

I would expect that to be free. Both the Wonderfulrate account and the Tiered Interest Saving account allow one free debit each month.

HISAhopper said
I withdrew a chunk of money from this wonderful rate account which earns 3% till end of Mar, now 1 week later I put back X money into this account, would the X amount qualify for 3% still to end Mar?  

I dont think so

HISAhopper said
I withdrew a chunk of money from this wonderful rate account which earns 3% till end of Mar, now 1 week later I put back X money into this account, would the X amount qualify for 3% still to end Mar?  

The cut-off for deposits to qualify for the 3% promo rate was in December 2021. Unlikely that later deposits would qualify, unless they make an exception. Phone them.