Vancity 4.50% High Interest Savings Promotion (BC only) | Page 2 | General comparisons | Discussion forum

Newvanman said
Called Vancity today, regarding setting up a Jumpstart account. Important points to note:

1. To set up online access to your account, including transfer in of funds, they require a HARD credit check. My credit score is perfect, but to me this was a dealbreaker; not worth taking the hit considering I have no plan on BORROWING from them.

2. When trying to get your funds out of the account, there is a maximum of $3000 per E transfer, at $.90 each. Max $10,000 per day.
To transfer a larger amount out, must take wire transfer form to branch, cost of wire transfer $20.

3. As others have mentioned, to set up initial account, need to go to branch in person.  

1. Yes, during account opening, they did a hard credit check. Then, offered various VISA cards and personal line of credit, which I was not interested in.

2. It is possible to move funds out via a Vancity checking account. There is a $300 bonus for becoming a member and opening a checking account.