April 27, 2020
December 12, 2009
Yeah, there were some changes to the fees as the Implicity HISA was merged with the Outlook Financial HISA. Outlook Financial never used to offer unlimited, free Me-to-Me Transfers, but one thing they did add with the merger with the Implicity HISA is allow unlimited, sporadic/ad hoc Me-to-Me Transfers. Scheduled Me-to-Me Transfers are still subject to the 1 free debit per month limitation. As well, pre-authorized debits are no longer unlimited, but you still can use them up to 1 time per month for free.
For me, it's okay, but you just won't want to use it as a "hub" account. Just use it for parking savings, and you'd be fine with 1 free debit per month. As well, they do offer free cheque orders, which Implicity didn't have.
Achieva is slightly better, though, as they will rebate you $1.00 for signing up for e-Statements, so you can effectively have two free debits per month, one of which would incur a $1.00 fee but be offset by the $1.00 e-Statement monthly incentive/rebate. Of course, Achieva does not have the free, sporadic Me-to-Me Transfers, but do have free cheque orders.