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Crazy hold policy.
June 21, 2024
6:13 am
dommm
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November 15, 2018
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On June 15th I logged into my Meridian account & using their so called money mover option pulled money out from a linked account at another FI. The amount showed in my Meridian account on June 19th but the amount showed as not available. I need to have access to that money to pay a scheduled Visa payment that is set to come out of the account on June 24th. I called Meridian just to make sure the hold would be gone by June 24th & to my shock was told the hold would be on until July 2nd. So from start to finish it will be more than one month.

June 21, 2024
10:15 am
AR
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August 20, 2019
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Just wait until you want to get money out of meridian. Just wait...

June 21, 2024
11:08 am
semi-retired
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I signed up at a Meridian branch in Ottawa many years ago for a great GIC promo. I dealt with a young kid to sign up. I remember that he knew less than me regarding finances. I actually showed him this website in his office & he was simply amazed at the available information. Once the promo GIC expired I transferred out the entire amount & closed my account. Haven't been back since.

June 21, 2024
11:59 am
canadian.100
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AR said
Just wait until you want to get money out of meridian. Just wait...  

You really need to have cheques with Meridian to move your money out - their "Money Mover" system is abysmal - perhaps the slowest around. I found Meridian to be behind the times - not progressive - wonder if they will start to close any of their many branches.

June 21, 2024
5:49 pm
dommm
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canadian.100 said

You really need to have cheques with Meridian to move your money out - their "Money Mover" system is abysmal - perhaps the slowest around. I found Meridian to be behind the times - not progressive - wonder if they will start to close any of their many branches.  

In this case I was trying to move money in from a savings account at the other FI.

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