Outlook Financial fees | Outlook Financial | Discussion forum

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.

Cheers,
Doug