Direct deposits to PC Financial savings account | Simplii Financial | Discussion forum

Miron said
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Let's put it differently... you can not transfer money from a savings account at Bank A to a savings account at Bank B... you must have a chequing account at one of the banks! You have it a TD and I have it at PC. PC is your external account and PC is my daily banking account so we are in different situations.
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PC Financial savings accounts can receive Direct Deposit transfers.

Some financial institutions, like Hubert Financial, can link subsequent accounts without a void cheque. They do it by sending a small Direct Deposit to the account. They then ask what the amount of the deposit was to activate the link to account.