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Email this6:50 pm
October 21, 2013
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I have been with Hubert for at least a couple of years now and haven't had any problems with them. For my purposes at least, they are the best of the MB credit unions.
I don't have a USD account with them but have considered it. I think it doesn't offer chequing, if that is important to you.
6:57 pm
December 23, 2011
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Well the "best" I would not agree with. One of the top runners, absolutely.
Keep in mind you need to ask yourself how do you get your US money in and out...how quickly....and at what cost?
Hubert is good, don't get me wrong. Their system takes a bit of getting used to. And their GIC online ordering does not offer every option for interest payments and "at maturity" direction. Oaken has the best online entry options.
7:40 pm
December 1, 2016
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Just curious if anyone has any recent experience with Hubert with US accounts? I just recently opened one with my RBC bank, only offering 0.15%. Was going to open it with Tangerine but as of December 1st, 2016 they reduced the rate down to the same as RBC, so I just opened a US account there to park my US dividends proceeds.
I am aware that Hubest offers 0.75%, so much better, but only if I know I can access my funds and transfer them from Hubert over to my RBC US account easily, and is it free?
Also, does anyone know if Hubert allows incoming international wire transfers? If so, what is the cost?
8:25 pm
May 28, 2013
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moneyhelp, I've had a US$ account with Hubert for about a year. Since they do not yet have their EFT system in place for doing transfers yourself, they will transfer funds on your behalf at no cost - just give them (over the phone) the details (transit number, institution number, acct number) of the external account you wish to transfer from, and they will look after it. Much cheaper (zero) than doing wire transfers. So far I have only transferred US$ to Hubert (from ICICI), not out of Hubert.
Hubert keeps promising to have their US$ EFT system in place soon, but they have been saying this since April 2015. I'm still hoping for early 2017.
In any case, phone them, ask them what options you have, and they will likely be happy to let you know. Hope this helps.
9:02 pm
December 1, 2016
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rhvic said
moneyhelp, I've had a US$ account with Hubert for about a year. Since they do not yet have their EFT system in place for doing transfers yourself, they will transfer funds on your behalf at no cost - just give them (over the phone) the details (transit number, institution number, acct number) of the external account you wish to transfer from, and they will look after it. Much cheaper (zero) than doing wire transfers. So far I have only transferred US$ to Hubert (from ICICI), not out of Hubert.
Hubert keeps promising to have their US$ EFT system in place soon, but they have been saying this since April 2015. I'm still hoping for early 2017.
In any case, phone them, ask them what options you have, and they will likely be happy to let you know. Hope this helps.
Well, until Hubert makes it easily available, I'll likely have to stay at RBC for now, but I'll drop them a line, see what they say and see if I can get any details as far as an ETA on the ETF status. Thanks!
9:18 pm
December 1, 2016
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rhvic said
moneyhelp, I've had a US$ account with Hubert for about a year. Since they do not yet have their EFT system in place for doing transfers yourself, they will transfer funds on your behalf at no cost - just give them (over the phone) the details (transit number, institution number, acct number) of the external account you wish to transfer from, and they will look after it. Much cheaper (zero) than doing wire transfers. So far I have only transferred US$ to Hubert (from ICICI), not out of Hubert.
Hubert keeps promising to have their US$ EFT system in place soon, but they have been saying this since April 2015. I'm still hoping for early 2017.
In any case, phone them, ask them what options you have, and they will likely be happy to let you know. Hope this helps.
Just noticed on their website, they do allow wire transfer out of Hubert for $22.50, doesn't say if its in CAD or USD, but I suspect the former.
10:17 am
June 4, 2015
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Hubert is now doing US dollar EFT (fund transfers) at no cost.
Received this in my inbox this afternoon:
You told us what you wanted, and we listened: US dollar electronic fund transfers are officially available at happysavings.ca.
Hubert members are now able to transfer US dollars to and from external financial institutions (located in Canada) at no cost. Now go ahead and link your external account by selecting ‘manage transfer accounts’ from the left hand menu. We’ll send a small verification deposit to your US external account to confirm the account. Once you receive the small deposit log back into Hubert and confirm the deposit and viola you’re ready to transfer in US dollars!
We’re here to help if you have any questions!
Sincerely,
Hubert
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