NorthernRaven said

You gave Access an Ontario mailing address when you joined? Their signup stuff has this wording: "I am a Canadian resident who resides in Manitoba. If you reside outside of Manitoba, please visit https://happysavings.ca/open-an-account to open an account."  

Yes, I gave my Ontario address when I joined Access credit union. But I joined Access and Hubert separately years ago before the merger.

cgouimet said
I "joined" Hubert in 2019. …

I call Hubert customer service for GIC openings/renewals.

All my HISA's have Account Title "Hubert Savings" and all my GIC's have Account Title "Hubert GIC xx Months".

Silly question ... What am I? Access customer? Hubert Customer?

You're a Hubert channel customer of Access CU. You're not an Access channel customer of Access CU.

Access CU has not done as clean of a separation between their two channels as CIBC did between its CIBC-branded channel and its Simplii-branded channel.

Since then I have received Access notifications when I move funds around and interest rate change notifications from Access and Hubert.

I call Hubert customer service for GIC openings/renewals.

All my HISA's have Account Title "Hubert Savings" and all my GIC's have Account Title "Hubert GIC xx Months".

Silly question ... What am I? Access customer? Hubert Customer?

P.S. Ontario resident

Briguy said

NorthernRaven said
You have to be a resident of Manitoba to join Access proper. It is only their Hubert online division that allows non-Manitobans to enroll - Hubert accounts don't have access to in-branch services.  

I'm a member of both Access and Hubert and I'm a resident of Ontario.  

You gave Access an Ontario mailing address when you joined? Their signup stuff has this wording: "I am a Canadian resident who resides in Manitoba. If you reside outside of Manitoba, please visit https://happysavings.ca/open-an-account to open an account."

NorthernRaven said
You have to be a resident of Manitoba to join Access proper. It is only their Hubert online division that allows non-Manitobans to enroll - Hubert accounts don't have access to in-branch services.  

I'm a member of both Access and Hubert and I'm a resident of Ontario.

Dean said
.
Still though ... having to call in to Hubert to do almost Anything (including blowing our nose ) reminds me of the 'Flintstone Age'. The only Saving
Grace at Hubert is their Much-better-than-average CSRs.

As for any hope of a new, fully-functional, modern, standalone Hubert
Website ... that Old Dream appears to be All-But-Lost now.

Dean

Thankfully, I can still Pull from and Push to Hubert via OAK, EQB and TNG. That'll have to do until my last GIC matures ...

As for any hope of a new, fully-functional, modern, standalone Hubert
Website ... that Old Dream appears to be All-But-Lost now.

Dean

Hubert doesn't offer loans against its term deposits, non-registered or TFSA. I've seen no sign that Hubert term deposits are assignable or transferable. So, no other lender is going to either.

One has already agreed to pay any fees Hubert may charge from time to time against any accounts, including TFSA's. Doesn't matter if the trustee takes a fee out of a TFSA directly or the trustee bills Hubert and then Hubert takes it out of the TFSA.

Nothing wrong with a trusteed TFSA instead of a depositary TFSA.

Black text on a white page it is. Sheesh. Am done churning time on this fact.

Most term deposits are non-assignable and non-transferable anyways. Can't pledge them as collateral even if they aren't in a TFSA or RRSP.

Norman1 said

someusername7 said

#1 being the clear winner. Least desirable is #3, in this example being a third party entity holding the funds as trustee that prevents those funds being used as security and can withdraw or sell-withdraw the assets to pay for fees/expenses they solely deem. Very favourable terms/stipulations for that party.

No, it isn't. That's completely false.

Questrade allows one to link a TFSA account to one's margin account and use the securities in the TFSA as collateral.

The trust company is not going collect its agreed trustee fees against the trust unless the bank/credit union renegs on their agreement.  

This is posted under the Hubert Financial section, referring to Hubert and Concentra Trust.

someusername7 said

#1 being the clear winner. Least desirable is #3, in this example being a third party entity holding the funds as trustee that prevents those funds being used as security and can withdraw or sell-withdraw the assets to pay for fees/expenses they solely deem. Very favourable terms/stipulations for that party.

No, it isn't. That's completely false.

Questrade allows one to link a TFSA account to one's margin account and use the securities in the TFSA as collateral.

The trust company is not going collect its agreed trustee fees against the trust unless the bank/credit union renegs on their agreement.

BTW, when EQ bought Concentra Bank/Concentra Trust, a big part of that acquisition was stated as:

Synergy with credit unions: Concentra's existing role as the largest wholesale banking and trust provider for Canadian credit unions created a strong philosophical bond and provided Equitable with a larger role in serving these institutions.