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Email this8:48 pm
July 4, 2024
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I decided to give Haventree Bank a try...
Everything seemed good at first, great app, great UI. But...
Sent myself an e-Transfer of ($2.01) just as a means to fund the account.
eTransfer arrives instantly, followed prompt to deposit at Haventree Bank, immediately after depositing into the Savings account funds did NOT post.
BMO sent me a confirmation eTransfer has been deposited.
Haventree Bank sent me a text/email that my balance is below the typical $100 range.
Yet, balance still shows as $0.00 when in fact supposed to be $2.01.
I'm a little worried if this is an ongoing issue or deposit delay for Haventree that's a major turnoff.
8:57 pm
April 6, 2013
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Was the deposit at Haventree done around midnight?
Some online banking systems show unexpected behaviour for transactions done around midnight! Everything will straighten themselves out by next morning.
9:12 pm
July 4, 2024
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@Norman1.
Deposit was made at 10:51PM EST. It's now 12:12AM and still not posting.
Regarding it occurring around midnight, well I never had this happen before with any other online bank / online CU around this time range.
9:21 pm
July 4, 2024
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@Norman1,
You were right. ($2.01) transaction posted as of 12:15AM.
This means if e-Transfer was deposited at 10:51PM EST and posted to Haventree Savings at 12:15AM EST: IT TOOK 1HR and 24MINS for the eTransfer deposit to post.
We will see again tomorrow afternoon if its the same issue or only a concern around midnight hours. Further testing needed.
I won't get out like a bat from hell, but Haventree is not as good as I originally thought. For example, Saven Financial might not have a great app but their eTransfers post instantly anytime throughout the day.
At least the topic has been partially solved.
9:52 pm
July 4, 2024
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12:48AM EST
Did another e-Transfer test, this time ($1.00) test:
eTransfer posted instantly. This is good news!
7:41 am
July 4, 2024
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10/08/2026 Update:
So I just got off the phone with Haventree Bank, the representative told me that apparently the e-transfer deposit delay was because it was the first time ever I was initiating an e-transfer into the account, since it was a brand new opening.
And based on the second e-transfer test, deposit instantly posted.
Seems all good.
I still recommend Haventree Bank for anyone thinking to give them a go.
