I have multiple attempts over the weekend up to Monday morning … even talked to Scotiabank customer service to no avail. After sending screenshots to Chexy to proof that my billing name and address entered matched the same on my CC statements, Chexy told me to turn on diagnostic steps on a Chrome browser and send them new screenshots. I did that Monday afternoon and it succeeded this time.

I know it's not the network. I tried thru their app on mobile data. I tried Firefox on Windows 10 from home ISP.

In hindsight, I don't really know the cause. It may be that the browser has to be Chrome. It may be simply the timing. But then I also added the EQ bank card over the weekend.

BTW, I think Momentum VI also has a name change over the weekend to VI plus

Hope this helps.

hwyc said
Onboarding with mobile was smooth but I had a glitch on adding my Scotia Momentum. Chexy support is fair but only chat-basis.

Hope this helps.  

May I ask how you resolved the issue with the Scotia momentum? I can't seem to add it.

This may change since Rogers has introduced a new credit card with a fee, so they may downgrade their free cards in the future, so hop on the Chexy bandwagon with Rogers before it's too late !

They have a nice reward calculator here which shows the breakeven point based on your monthly spend and credit card charged.

I found out there is also an app launch promo on referrals … only in hindsight. It's enough to offset their transaction charge for someone who wants a tryout.

Limited-time offer until May 15, 2026: Refer a friend and earn $20 with the Chexy mobile app launch. To qualify, your friend must complete their payment by May 15, 2026.

Onboarding with mobile was smooth but I had a glitch on adding my Scotia Momentum. Chexy support is fair but only chat-basis.

Hope this helps.

https://www.highinterestsaving.....arch-2026/

https://mywfcu.ca/personal/inv.....t-special/

They have a branch here in Kingston, so that will make it easier if I decide to investigate further.

COIN said
Am I reading this correctly?

EQ is funding the purchase of PC entirely with debt?  

Actually, it doesn't look like there is any debt issuance at all, it is mainly equity in EQB:

EQB will acquire PC Financial for 1.15x book value at closing, excluding excess capital above a 13% CET1 ratio, for consideration estimated at $800 million, subject to adjustment pursuant to the terms of the Transaction Agreement. The consideration will be satisfied by the issuance to one or more subsidiaries of Loblaw of 7.2 million common shares of EQB, representing approximately 16% of EQB's issued and outstanding common shares as at the date hereof on a pro-forma basis, and the remainder in cash. In addition, prior to the closing of the transaction and subject to regulatory approval, Loblaw will release and receive approximately $500 million of excess capital and other value from PC Bank, for estimated total value of $1.3 billion to Loblaw. Pursuant to and subject to the terms of the Transaction Agreement, Loblaw will own a minimum of 17% of EQB's issued and outstanding common shares on closing of the Acquisition. Closing is expected to occur within calendar 2026, subject to customary closing conditions and regulatory approvals.

They are issuing a bunch of new EQB stock, and will pay whatever cash is necessary to top that up to the set price (that 1.15x book value of PCF at closing). Loblaws also gets to keep about $500 million of "excess capital" from PCF, above regulatory minimums. At the current price of $112.70, 7.2 million shares would actually be about $811 million, so there may not be any cash shipped over from EQB, depending on the share price at closing and however they calculate the PCF book value. It was $86.85 before the deal was announced, jumped to $98 that day, and has been as high as $126 briefly before retreating a bit.

Aside from that $500M in retained cash, Loblaw will wind up with around a 17% stake in EQB - they have to hold that for 4 years, and are prohibited from going over a 25% stake.

COIN said
Am I reading this correctly?

EQ is funding the purchase of PC entirely with debt?  

Isn't that a common practice, no different than folks using funds from their line of credit to invest? Just another form of leverage with the associated risks.

EQ is funding the purchase of PC entirely with debt?

COIN said

What will Equitable do with $300mm?  

December 3, 2025 - EQB Inc. (the parent company of EQ Bank) has entered into a definitive agreement to acquire President's Choice Financial (PC Financial) from Loblaw Companies Limited for $800 million.

Clients can self-serve. No paperwork. No cheques (unless they want to). Everything is client-name and not in nominee.

I wont be giving up on this. It already received validation from FI'S and Dealers. Its live soon.

Your biggest obstacle is trying to get past the convenience of the FundSERV platform that investment and mutual fund dealers use to serve mutual funds and Investment Savings Accounts to their clients and, to a lesser extent, the convenience of the HISA ETFs. Difficult to get both the dealer member firms and, by extension, their clients to use yet another platform.

Since it's not in production yet, my best advice would be just to abandon the idea. You'll thank me in 5 years.

Cheers,
Doug

Over the past 6 years I’ve spoken with major brokers, financial institutions, and software vendors to better understand the GIC landscape. Over the last year, I built a platform that connects clients directly with financial institutions (either advisor-led or self-directed).

The goal is simple: create a place where clients can renew or move GICs between institutions without the usual friction of transfers, paperwork, and starting new applications every time.

I’d really appreciate the community’s thoughts:

1️⃣ General reactions to this idea
2️⃣ Would any serious GIC investors be open to seeing a demo and sharing user feedback? (Its not in production yet)
3️⃣ What are the biggest pain points you’re currently facing with GIC investing or renewals?

Thanks in advance — I’m here to listen and learn