February 20, 2018
Just thought I'd share this. My questions (via email) were:
1) Is there any limit to the amount of money which can be transferred in (from Simplii)?
2) Is there any limit of how much money can be transferred out at a time?
3) Can I link both my savings, and chequing accounts to Hubert?
4) What would be the procedure for paying off a mortgage - would I need to transfer the money to an institution with a chequing account first?
And they answers I received (and in 20m, not too bad):
1 - no, we do not have any transfer limits
2 - no, we do not have any transfer limist
3 - yes, you can link both chequing and savings accounts
4 - yes, it would need to go to a chequing account first, unless your FI would allow and external transfer in to pay out the mortgage.
I subsequently asked my mortgage broker if they would accept payment from Hubert, but no reply yet.