LBC Digital: Another online-only offering from Laurentian Bank group | Page 12 | LBC Digital | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
LBC Digital: Another online-only offering from Laurentian Bank group
January 13, 2020
4:52 pm
bubbasweet
Member
Members
Forum Posts: 7
Member Since:
July 24, 2009
sp_UserOfflineSmall Offline
221sp_Permalink sp_Print

This Bank is a bunch of Morons. I also have the same problem upon sign up I get an Equifax error every time and neither side can explain why? I finally just gave up. I would think twice about trusting these idiots with your money if they cannot fix a simple sign up problem. I have many other Hi Interest savings accounts so it is nothing to do with my credit. But the fact that no one there can figure it out tells me somthing.

January 13, 2020
9:24 pm
implode
Member
Members
Forum Posts: 98
Member Since:
April 2, 2015
sp_UserOfflineSmall Offline
222sp_Permalink sp_Print

I called up Customer Service and I was told my account did get created, except there was no online service attached. CS added that for me. I couldn't log in. They reset my password and I still couldn't log in. CS tried too and failed as well. CS fired off a ticket for support to investigate and will get back to me. So far, not a good start with LBCD.

January 25, 2020
9:59 pm
picassocat
Québec
Member
Members
Forum Posts: 162
Member Since:
December 29, 2018
sp_UserOfflineSmall Offline
223sp_Permalink sp_Print

Just noticed that Québec residents can now officially open an account with LBC digital.

February 13, 2020
12:59 pm
Bill
Member
Members
Forum Posts: 1832
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline
224sp_Permalink sp_Print

Wife tried to open account online today, all the credit check questions were incorrect re her (you have a mortgage, you have a car loan, your middle name is, etc), at end it said didn't work, call the number, she did and within a few minutes the guy had it open. So still account opening problems but if you call in they are not surprised and get it open pronto, it seems.

February 13, 2020
3:01 pm
Briguy
Member
Members
Forum Posts: 440
Member Since:
March 17, 2018
sp_UserOfflineSmall Offline
225sp_Permalink sp_Print

Bill said
Wife tried to open account online today, all the credit check questions were incorrect re her (you have a mortgage, you have a car loan, your middle name is, etc), at end it said didn't work, call the number, she did and within a few minutes the guy had it open. So still account opening problems but if you call in they are not surprised and get it open pronto, it seems.  

There's no incentive of LBC over Motive anymore- why bother with LBC and their unreliable web site at this point?

February 13, 2020
3:22 pm
Bill
Member
Members
Forum Posts: 1832
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline
226sp_Permalink sp_Print

Can't put more into Motive without exceeding CDIC limits, can move more from lower-rate institutions.

March 4, 2020
5:59 pm
picassocat
Québec
Member
Members
Forum Posts: 162
Member Since:
December 29, 2018
sp_UserOfflineSmall Offline
227sp_Permalink sp_Print

Does anyone know if LBC digital has a hold period when receiving funds via an EFT? The money is being pushed in. Thanks.

March 4, 2020
8:06 pm
smayer97
Member
Members
Forum Posts: 134
Member Since:
September 29, 2017
sp_UserOfflineSmall Offline

Typically when $ is pushed in there is no holding period. It is only when $ is pulled that there is a holding period. But I'll have to double check.

In LBC & Digital, it seems like they make no distinction...it is 5 business days after the initial deposit.

March 5, 2020
6:31 am
Londonguy
Member
Members
Forum Posts: 372
Member Since:
May 27, 2016
sp_UserOfflineSmall Offline
229sp_Permalink sp_Print

smayer97 said
Typically when $ is pushed in there is no holding period. It is only when $ is pulled that there is a holding period. But I'll have to double check.

That is correct. Pushed funds are immediately available upon receipt because the transaction is non-reversible

March 5, 2020
5:40 pm
Norman1
Member
Members
Forum Posts: 3074
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
230sp_Permalink sp_Print

I can confirm first-hand that there are no holds on funds received by the LBC Digital chequing account through an Interac e-Transfer.

There are also no holds on funds pushed at another financial institution to the LBC Digital chequing account.

That's expected. As Londonguy said, such fund transfers are final and cannot be reversed by the sending financial institution.

March 5, 2020
6:53 pm
picassocat
Québec
Member
Members
Forum Posts: 162
Member Since:
December 29, 2018
sp_UserOfflineSmall Offline
231sp_Permalink sp_Print

Thanks for your answers! Finally, there was no hold time on money that was pushed in via an electronic fund transfer.

Please write your comments in the forum.