Debit card | Motive Financial | Discussion forum

Save2Retire@55 said
I am just wondering if there is any benefit in using them over PC or Tangerine? I am just curious 🙂 Thanks  

Their rates and the fact that they are Western Canada based (Ontario gets enough of my money) were the main reasons I went with them as my core FI to handle day to day banking. Their rates are neither the best or the worst, and have lost a little of their shine since they sold Cdn Direct Ins and we lost the bonus rates. CSR's are friendly and knowledgeable, actually based at the bank and can usually take care of the few issues I have without having to check with a supervisor. Don't offer RIF's, which will be an issue for me in the next year or two, but keep saying they are coming. RSP savings only pay interest once a year instead of monthly (WHY!!!), but TFSA, regular savings and checking all pay monthly. Currently have too many of our eggs in their basket. Everything I hold there is coming due in the next 18 months, when I will evaluate the best option for my needs.They have had their teething problems and their web site leave a bit to be desired, but if they were more competitive on rates I would have no reservations about maxing my accounts out to CDIC limits. Other than that, good banking package with better rates than Tang. Not sure about PC, but surprised to see they aren't listed in the Comparison Chart.

Save2Retire@55 said
I don't really keep more than $4K in Chequing account so the interest on daily usage accounts doesn't really matter. Since I joined Tangerine (and I was one of the first after they switched from ING) I only had $20 interests but about $250 in referral bonuses. And I have their free cheque and unlimited transactions plus the great benefit of using NS ATMs around the world with no extra fees.
The other benefit is their free email transfer which comes very handy for small amount of transfers.  

You keep more in checking than I do. The meager interest usually covers the interest I pay when I dip into the LoC for a few days. My referral bonus is 13.00 (from ING days). I can't in good conscience refer anyone I know to Tang. Have never, and don't imagine I will ever, use ATMs anywhere in the world other than my local Exchange machines. Other than that, all the other benefits you state are available with almost every other competitor. Don't get me wrong... if Tang works well for you, go with it and best wishes. I have no loyalty them to whatsoever.