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Saven is "Ontario only". What happens if a non-Ontarion tries to register anyway?
August 11, 2021
12:33 pm
piggybank
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Saven is "Ontario only". What happens if a non-Ontarian tries to register anyway?

If you have a mailing address (e.g. a PO Box) would that work?

August 11, 2021
1:01 pm
gicjunkie
Ontario
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In many cases you either have to reside or have a business address in the province in question in order to sign up. At some time during the application process you will be denied membership if you fail the requirements. This denial could be in the form of the actual programme denying progress towards membership or, ultimately, a call from a representative to clarify your status. A P.O. Box number is recognized as a "red flag" in the process and will definitely be questioned. These are financial institutions we are dealing with and they have regulatory bodies to answer to. You have to demonstrate clear proof of where you live.

August 15, 2021
3:53 pm
Doug
British Columbia, Canada
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piggybank said
Saven is "Ontario only". What happens if a non-Ontarian tries to register anyway?

If you have a mailing address (e.g. a PO Box) would that work?  

P.O. box, almost certainly not, as even Ontarians have to provide a residential address if providing a P.O. box as a mailing address. A better strategy would be to be a "guinea pig" for us and try using a non-Ontario address and ticking the box to declare yourself as an Ontario resident. If it's anything like Windsor Family Credit Union and OmniaDirect, which are both notionally restricted to Ontario residents, non-Ontario residents can probably, unofficially, sign up, as there have been reports of Alberta residents signing up for OmniaDirect and, possibly, parent WFCU.

Cheers,
Doug

August 16, 2021
3:52 pm
AltaRed
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The question is why would anyone want to try and skirt the terms and conditions? It is not like there are not 10 other choices. Pushing on a rope is not my idea of productive use of time.

August 17, 2021
7:50 am
Norman1
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As well, Saven will try to validate identity by "comparing your personal information with a credit bureau, credit reporting agency or other parties such as telecommunications and utility providers."

There will be issues when the info does match what is reported by Equifax and TransUnion.

Please write your comments in the forum.