Linked transfer wait time: 3 biz days +… | Meridian Credit Union | Discussion forum

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Linked transfer wait time: 3 biz days +…
December 1, 2022
2:41 pm
savemoresaveoften
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March 30, 2017
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Have not done much transfer out from Meridian until now. When they say it will take 3 biz days, it is more like it will take at least 3 biz days as oppose to ‘at most 3 biz days’ like other CUs. Initiate a transfer out on the weekend and it is still in limbo. My account balance vs what is available is exactly the amount I am trying to transfer out. Other CUs can do it much faster than Meridian….

December 1, 2022
4:06 pm
Loonie
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October 21, 2013
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This has long been one of Meridian's biggest weaknesses.
From experience, I can say 4 days is normal for them and occasionally even 5.
The time has long past when they should have updated this.
Plan accordingly.

December 1, 2022
8:29 pm
GR
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September 15, 2017
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Open a chequing account at Meridian, move funds from savings to chequing and write a cheque to move funds same day. Too bad that this process is needed instead of transfers out that are quick and for any amount.

December 1, 2022
11:38 pm
Loonie
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October 21, 2013
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Yes, cheques are a good alternative. I always get a chequing account if it's free, to facilitate transfers, especially large ones.

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