smayer97 said
Peter, please post on the promo page.

Added!

smayer97 said
Ok, after some digging, I eventually found it, here:
https://scu.mb.ca/offers/promo.....gsa-fall26

Available until Nov 2, 2026.

Peter, please post on the promo page.

Also, if there is a place for it, they have another account opening promo:
https://scu.mb.ca/offers/direc.....fall26  

I may be mistaken, but wasn't the previous offer that expired on August 31st limited to $250,000 whereas this one is $500,000 ? They seem to be getting a little hard up for cash.

Max $500,000. Available until Nov 2, 2026.

Peter, please post on the promo page.

Also, if there is a place for it, they have another account opening promo:
https://scu.mb.ca/offers/direc.....sit-fall26

Edit by admin: new thread created Earn 4.60% for 4 months; expires November 2, 2026

Moneyman2 said
Received message that they accepted my etransfer and then subsequent email. I was then told to call so they could switch from opening account to the 4.60% account. The lady said, please give me a few moments for me to open account. Then she said, log out and then log back in and original account won't be visible any longer. I have yet to be able to log back in. She said she needed to escalate to an IT tech and call me back. This laughable. Like, I mentioned earlier, not sure I have the confidence in them to send a large amount $$  

Well, providing nothing goes wrong during the promotional interest period, you have nothing to worry about.

cgouimet said

Personally, I expect funds to appear at the destination FI the banking day after disappearing from the source FI. Longer elapsed times make me nervous. And I never transfer funds the day before a non banking day.

So, SCU would definitely not be on my preferred list.  

Achieva takes 5 days.

Aviso is taking over 3 days.

Just a few recent examples.

It just seems that, over time, these transfers are taking longer and longer—to the point where Canada Post can deliver it faster.

But I agree, a few years ago I transferred money from Wealth One to BMO. I made the transfer in the morning, and it was there in the afternoon.

What is the future of electronic banking like this when the old method of mailing a cheque is faster?

Moneyman2 said
You're definitely not getting 4.60% at a big bank. It's definitely worth it to me, just a little frustrating I guess why it takes so long. I guess nowadays, everybody wants things to happen instantaneous, me included. Maybe I just need to relax a bit  

Personally, I expect funds to appear at the destination FI the banking day after disappearing from the source FI. Longer elapsed times make me nervous. And I never transfer funds the day before a non banking day.

So, SCU would definitely not be on my preferred list.

Moneyman2 said
I am waiting for them to do whatever kind of background check, credit check, etc. to accept me as a member of their credit union. I have received 0 information from them. No acknowledgement whatsoever that I even applied, that they received my $$, nothing. The process seems kind of Mickey mouse to me. Not sure if I want to hand of $250k if this is how it's going to be. My credit score is 820+, shouldn't be much to check out but whatever they need to do. I'll be calling by the end of the day today to return my $105 if I haven't heard back from them.  

I get where you're coming from — I've had similar experiences with online-only credit unions.
With Achieva, it took 5 days just to move money into their account from another Manitoba credit union. I've since started mailing paper cheques instead (they arrive in about 3 days), just to work around their slow transfers.
With Oaken — which, like SCU, has no local branches — I called to ask about RRSP withdrawals and was told I couldn't withdraw without giving them a "suitable excuse," even at rollover time. That's arguably worse than just not sending an acknowledgement email.
My point is: this kind of friction seems to come standard with far-flung, branchless institutions. In my experience, it's not unusual for 5 days to pass without them even cashing your deposit yet.
So the real question is whether the rate is high enough to justify putting up with that level of service. If you can get a comparable rate from a bricks-and-mortar bank down the street, that might be the better trade-off.

Moneyman2 said
Still haven't heard anything back from them. Today is a week. To long for me. Transfered $105 to them, didn't so much as received am email saying that we received your application and $105. Nothing. If I don't hear back from them by days end tomorrow I will call to get my $$ back.  

I don't quite understand — does the money not show in your account? Or are you expecting an email confirming that you opened the account and deposited the money?"