Moving Large Sums Of $$$ In & Out Of Hubert | Hubert Financial | Discussion forum

Need to call in to push funds out to or pull funds in from a linked account.

The transit, institution, and account number of the Hubert Happy High-Interest Savings account are available in online banking for pulling the funds out at another financial institution:

Accounts -> Download Void Cheque

I pull my money using People’s from Hubert then push from People’s to another FI. Takes a few days and you have to watch for any holds. I avoid calling Hubert in fear of asking why I am moving funds out. And I hear you get questioned about the details of the receiving FI account information if using the old link vs e-transfer. Would be nice if they would allow the links to work online so you can do any time of the day/evening.

I have no issues with Hubert customer service have but huge issues of being compelled by Access to use their crippled system.

Like Norm said, if your TD acc't is already linked @ Hubert, you can call & request the pull & the GIC purchase @ the same time. They'll pull the funds within a couple of days & issue the GIC the day the funds get transfered + the GIC rate is locked as of when you called.

If you insist on doing it the other way, a) you will lose 1 day's int when you push to Hubert because the day you do the push, your acc't gets debited instantly & they won't send the funds until the next day no matter what time you setup the push, but b) there's no hold on the funds you push to Hubert, so the funds are available for your GIC as soon as they post @ Hubert.

Evidently, things have deteriorated @ Hubert. I haven't done any transaction with them in almost a year, but what Winnie said doesn't bode well.

My only suggestion is, try anyway & if the outcome is as Winnie said, take your business elsewhere.

Well, that pretty much confirms what I 1st wrote. Maybe it depends on who you deal with or maybe Winnie had some previous antecedents that negated that service??

I've also previously had a GIC dated the day requested, but I suspect that's just pure luck because I believe the norm is as I 1st described.

As recent as last month, there was no issue with funds on hold when purchasing a Hubert one-year quarterly term with funds from a linked external account.

I called in and told them the funds would be from a linked account. No problem. A request would be submitted. It was late in the afternoon. So, request would likely be actioned next day instead of that afternoon.

I logged into Hubert next day and saw a fund transfer from the linked external account into my Hubert savings account. That was followed by a transfer the same day from the savings account to a new one-year quarterly term.

Opening date of the new one-year quarterly term was the day of the fund transfer.