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Email this10:48 am
October 4, 2018
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I moved some funds over to Meridian for the 4.80% promotional interest rate offer for 4 months and I have to say from my experience so far, the external transfers to/from Meridian have been super fast (at times the same day). I just wanted to point that out and if anyone else is experiences the same kind of speeds?
Kind regards,
TD
11:28 am
December 20, 2016
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Clearly a departure from their usual practice of multi day delays for incoming and outgoing transfers!
Stephen
2:48 pm
March 30, 2017
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Meridian taking in ur money is same day. Transfer out is AlwaYS 3 biz days.
5:01 pm
April 15, 2015
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I take a check in & interest starts same day.You get a receipt with your total account sum including your check.Was told by teller that int. starts that day on total.
5:15 pm
February 6, 2019
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In my experience even transfer ins take 3 biz days - when initiated from Meridian (pull).
If initiated from the other FI (push) is usually next day.
I have not tried transfer outs, yet.
6:45 pm
January 7, 2020
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I have also avoided transfers initiated at the Meridian end like the proverbial plague
They seem to disappear deep down some dark hole
4:01 am
September 29, 2017
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Transfer in via their site is limited to $10K. To do more, you have to call in. Either way, it takes 3 bus. days to apply. If you call in, they post the pending transaction so you can see it BUT if you initiate it yourself, for some reason it does not show up as pending. It just shows up in the account 3 bus. days later.
So check deposit or push from outside seems to be fastest options.
11:53 pm
May 26, 2022
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I transferred money into Meridian several times via Merdian pull; half by myself & half by call in. All these transfers took 3 days
6:49 pm
September 18, 2020
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Why can't I set up links to other banks through online banking...? Do I need to fill out a paper form manually?
3:12 am
April 21, 2022
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annie said
Why can't I set up links to other banks through online banking...? Do I need to fill out a paper form manually?
Meridian has the worst online external bank linking process, often requiring having to resort to doing it manually. To make matters worse, once an external account is linked, the process is slow. That's why, if possible, it's best to initiate EFT transfers using another online bank linked to Meridian.
5:03 am
February 6, 2019
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In my experience, all transfers initiated from Meridian are slow. At least 3 business days (sometimes longer than that). I try to always initiate transfers involving Meridian from the other FI.
5:13 am
January 1, 2018
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IF you have a Meridian branch within a reasonable drive, I highly recommend using a personal cheque (to yourself) to move money In and Out of Meridian.
Promo interest starts accruing instantly when you deposit a cheque from say, your TD account; for funds coming out, present your Meridian cheque (to yourself) at TD branch, for example, and if you have a relationship with them, a Mgr can waive the hold, and funds can go directly into a branch acct, or your TDDI account.
On more than one occasion, I've had funds in Mer. HISA in the morning, and those funds are available soon after in my TDDI acct, and by early p.m. had purchased GICs, or ISAs, or securities, whatever.
7:39 am
September 18, 2020
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Thank you all for your answers. I've given up on auto-connection. But it's strange that EQ & Tangerine initiate connections to Meridian incredibly quickly.
8:42 am
December 20, 2019
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Hmm, I have a business and a personal account and I can set up connections to other banks very fast for personal but business is restricted like at most banks.
https://banking.meridiancu.ca/MoneyMover_SetupHome
The link above allows me to link to other institution quite fast.
You will probably have to be logged in to use that link
9:21 am
April 6, 2013
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Meridian: Transfer money between banks with Money Mover describes their Money Mover feature.
There are accounts at certain financial institutions that cannot be linked online. There is a manual form for such accounts:
What if I can’t find my Financial Institution in the drop down list within Online Banking?
Not all Financial Institutions are eligible for digital signup. If you cannot find your chosen FI, we recommend you signing up for Money Mover manually by downloading the form (PDF, 252 KB).
9:26 am
December 20, 2019
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Yeah I get your point, there is a drop down too and I guess others have to be manual but that is the same at most banks they only link automatically to some of the other big banks.
I find the list at Meridian bigger than most for auto connect.
9:31 am
September 18, 2020
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KamWest said
Yeah I get your point, there is a drop down too and I guess others have to be manual but that is the same at most banks they only link automatically to some of the other big banks.
I find the list at Meridian bigger than most for auto connect.
I'm trying to connect to other banks like this... but I haven't been able to connect successfully for two days... Is it because I only opened the account two days ago?
1:50 pm
January 7, 2020
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I have set up a link -- manually, just not comfortable with the auto link route-- from my Manulife account to my new Meridian account.
I guess I goofed somewhere along the way, as when I did my first transfer, it landed -- next day evening, since it was a push-- in checking account, not the desired savings account
I was concerned that in then moving it from checking to savings, it would not be eligible for 4.7& rate
However, I have queried them-- via secure message-- and they have assured me that it is indeed eligible.
So, that's a plus for me
2:19 pm
August 4, 2010
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Meridian's Money Mover linkage appears not to use either Flinks or Plaid, but "MX", which presumably hasn't got interaction interfaces with as many banks as the big two. Big6 banks, the three big no-fee chequing banks (EQ, Tangerine, Simplii), and a sprinkling of large credit unions and a couple other federal banks. No Wealthsimple, PeoplesTrust or Manulife, no Manitoba credit unions, etc.
MX is out of Utah, and looks like they claim their data storage is in the US. I think Flinks/Plaid claim their Canadian data is stored in Canada, although you'd want to check that if it made a difference to you.
Unless your FI is on the list and you need the linkage fast, doing the manual form upload with a void cheque avoids possible issues with third-party linking companies. Some places have removed this option, or made it harder, and when forced to use e-linkage I always first change my password, and change back right after the linking is done, although that is a pain. You may still have your data at the linkage company for whatever research or other use they are allowed to put it to, but at least that way your permanent passwords have never been out there.
3:20 pm
March 19, 2019
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We tried for 2 days to set up a link to our joint Meridian account that we just opened. Finally decided to visit the branch and bring form and void cheque in. Asked the teller why we were having a problem linking the account to an outside bank and he said "It never works" lol
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