PC FINANCIAL IS AN ABSOLUTE JOKE!! | Page 2 | PC Financial | Discussion forum

Actually the PC Money acct is a nice little side-account, if you already use the PC MC and points.
If you need to keep 5-10K handy, you are making that 3.1% interest, and it's instantly available up to the Interac limit.

WestCoastPiglet said
@Rail Baron (and others that tried TD) what payee name did you use to set up bill payment from TD to PC Money?
When I select "PC FINANCIAL MASTERCARD" as a payee, enter my 16-digit PC Money card number, I get this response: "There seems to be an issue with your account number entry".
I think, TD is intentionally blocking PC Money card numbers.

I would like to hear from other people experiences making bill payments from TD to PC Money.  

Sorry it's been a while since I checked this thread.

My TD bill payment is set to "PC Financial Mastercard" and the bill payment works like a charm.

I tried the same linkage with Tangerine, but it was blocked. So it seems that different banks have different permissions on which types of bills they will allow for payment in this fashion. It might even be that TD bank has different permissions for different types of accounts. Mine is an "All Inclusive" account with TD, fwiw.

Rail Baron said
I got around the 5 day hold by using the bill payment feature to move money into my PC Money account. My traditional bank (TD) treats PC Money as a credit card for bill payment purposes, and when the funds arrive into PC Money account, I can instantly transfer them into the savings segment.

Similarly, PC Financial treats my Q Trade cash account as an eligible bill payee, so I can move money out of PC much more easily and fluidly than using their bank transfer mechanism. I even get 1,000 Optimum points for one bill payment from PC Financial per month (a minimum of $50).

So far, this scheme is working well for me.  

Yes, moving money in through bill payment can work.
And if a person is already in the PC financial economy, you can pay the PC Financial MC and others, and get the 1000 points for each bill payment. If you already use that for groceries, better than nothing.

PJW said
Found one more method to transfer funds directly to your PC Financial account with minimal waiting. Create an Interac e-transfer presence in your PC Financial account. Then go into "Transactions" and then the PC Financial Interac e-transfer and request funds from your bank. Use the e-transfer notification message to open your bank account and agree to the funds transfer request.  

What was the maximum amount you were able to request?

Yes have done the Interac pull request, but is it Interac limits of 3K or 10K?

Interac e-Transfer Request Money is a convenience. It saves the person receiving the request from having to fill in contact information (e-mail address or SMS phone number) and the amount.

Person receiving the request is still doing an Interac e-Transfer and is subject to the same limit as an Interac e-Transfer they start on their own.

InterestThis said
Bill payment bonus works, pay a bill over $50 get that 1000 points. Of course it all benefits loblaws, but if you are using it anyway.
This is in fact one of the best sideline accounts.  

The 1000 points arrive with a bill payment of exactly $50. Since I am paying myself through this function (from Rogers Bank to my Q Trade cash account), I can set the amount to exactly $50 and it works for points.

Yes, the points mean buying groceries through Loblaws, but my No Frills has some of the better prices on groceries in downtown Vancouver.

I agree that this account is an appealing sideline account.