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Email this5:19 pm
November 16, 2018
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Kyle said
Part of my earlier post from November 27:
I am testing to see if the PAD at Simplii for my Motive (CWB) account still works - just logged into Simplii today and attempted to transfer (pull) $2.00 from that Motive (CWB) chequing account. If things go as usual, it will take about 2 business days before I find out if the $2 was successfully transferred OUT of the corresponding $CDN Progress Account at National Bank and into my account at Simplii.Has anyone else initiated a transfer (either a push or pull) from an external FI having a pre-existing PAD for a migrated Motive account (now a CDN$ Progress Account). Did the funds transfer successfully?
Thanks!
Good news - the $2.00 test transfer I initiated from Simplii on Thursday, November 27 to pull funds out of my migrated Motive account (now a CDN$ Progress Account at National Bank) was successful. The $2.00 showed up in my Simplii account this morning (Mon, Dec 1), and the $2.00 was debited from the CDN$ Progress Account that corresponded to the Motive account with the PAD (I had two CDN$ Progress accounts migrated from Motive and only one of them was set-up with a PAD at Simplii, so it was good to see the debit occurred on the correct Progress account). The $2.00 debit transaction on the Progress account at NB was not listed/posted until a bit later the same day (sometime in the afternoon).
Based on this, it appears that existing PAD's set up for Motive accounts at other Financial Institutions are working as promised (for a period of 12 months after the migration).
5:33 pm
November 16, 2018
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grits_to said
Haven't tried this with the Motive to NBC migrated accounts yet, but an alternative way of transferring money out is linking an investing or LOC account (in my case TD Investing trading account) as bill pay. I make the payment to send money, when it arrives at TD I can transfer it to right away to various TD investing or chequing accounts.
Good idea - Add a line of credit (LOC) or discount broker/investment trading account as a bill payee at National Bank (and transfer funds OUT as a bill payment). I have a discount broker account at a different FI, so that is a possible option for me as well at some future point.
Thanks!
9:03 am
March 12, 2016
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11:03 am
November 16, 2019
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I had a PAD set up to send money from Motive to Simplii. This is no longer available 
11:43 am
April 21, 2022
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dell15454 said
I had a PAD set up to send money from Motive to Simplii. This is no longer available
Set up a new one at Simplii to pull funds from NBC.
12:46 pm
January 12, 2019
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.
Update on NBoC . . .
We may not like their general rates & fees, but at least our old Motive GICs & SAs are in Good Hands.
- Dean
" Live Long, Healthy ... And Prosper! "
12:48 pm
September 29, 2017
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dell15454 said
I had a PAD set up to send money from Motive to Simplii. This is no longer available
JohnnyCash said
Set up a new one at Simplii to pull funds from NBC.
Meanwhile, if the PAD is from the Simplii side, it will be honoured and processed by NBC for 12 more months.
3:22 pm
December 1, 2025
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Kyle said
Good idea - Add a line of credit (LOC) or discount broker/investment trading account as a bill payee at National Bank (and transfer funds OUT as a bill payment). I have a discount broker account at a different FI, so that is a possible option for me as well at some future point.
Thanks!
I can confirm this just worked for me, did a bill pay from the NBC account to TD Investing account yesterday, and showed up today at TD. From there I could transfer to any of my TD accounts.
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