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Email this7:53 pm
October 2, 2025
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This 4.60% rate seems to be the highest as of November 2025. Chequing options are available, ability to deposit without any limitations/restrictions and likewise withdraw from the savings account without any limitations/restrictions, apart from waiting for cheques to clear. Useful for large sum transactions.
Is it a bad idea for people from other provinces to open an account at a Manitoba CU?
Available for a limited time on new deposits up to $250,000 when you open a promotional Daily Growth Savings Account. Balances over $250,000 will earn the posted base rate of 1.50%.*
• Earn 4.60% for the first 4 months on deposits up to $250,000 when you open a personal promotional Daily Growth Savings Account
• Any balance greater than $250,000 will earn the standard Daily Growth Savings Account posted base rate
• Interest is calculated daily and paid on the last day of the month
• Enjoy one free monthly withdrawal, then pay fees as you go
• Available to both members and non-members who are at the age of majority in their province or territory of residence across Canada
• Limit one promotional account per member; not eligible on joint accounts
• After the 4-month promotional period ends, the promotional account will automatically be converted to a standard personal Daily Growth Savings Account
7:36 am
August 9, 2014
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No chequing account required, transfer from external account can start on SCU end.
4:31 pm
December 27, 2021
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As I understand it I need to contact SCU To do a pull into the account. Is this a wire transfer? Is there a fee?
I believe I need to do the same to retrieve my funds by contacting my inbound bank and having them do the same? Potentially with a fee?
It’s too bad they don’t have a way to link your external account as so many others do.
7:11 am
August 9, 2014
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MAC99 said
As I understand it I need to contact SCU To do a pull into the account. Is this a wire transfer? Is there a fee?I believe I need to do the same to retrieve my funds by contacting my inbound bank and having them do the same? Potentially with a fee?
It’s too bad they don’t have a way to link your external account as so many others do.
That is not what the CSR told me, she say they can link to externally account and transfer fund in and out on their end that can be done online or conducted by CSR.
8:30 am
December 27, 2021
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I've called again and received the same response.
You call Steinbach and they move funds in via a Pre-authorized Debit Instruction.
To return the funds you call your receiving bank to move the funds via a Pre-authorized Debit Instruction.
Steinbach only manages moving funds in.
9:52 am
December 27, 2021
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And now TD indicates they cannot do this and that SCU needs to send the funds back. The TD agent has 30 years experience and spoke with his senior agent - no change to their response. SCU needs to push it back.
SCU is adamant they cannot do so and TD must do so.
SCU could wire it to me for $32 or send me a cheque in the mail for $10 (Via Canada Post so timeline unkown), once I provide them with my banking information. The same information I provided them to initiate the pull in from TD!
Given this I'm trying to cancel the transfer from TD to SCU.
10:53 am
April 6, 2013
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TD can originate pre-authorized debits and direct deposits. Those are called Customer Automated Funds Transfers (CAFT).
The catch is that TD, like many traditional banks, only offers CAFT's to business banking clients and not to their personal banking clients.
SCU is giving wrong information about what TD personal banking clients can do.
11:15 am
November 18, 2017
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The traditional banks don't do direct debits. If Steinbach won't send the cash back, you'll have to route the transfer through another institution that does direct deposit and debit. That's how it's always been with the Big Five.
RetirEd
11:49 am
April 21, 2022
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RetirEd said
The traditional banks don't do direct debits. If Steinbach won't send the cash back, you'll have to route the transfer through another institution that does direct deposit and debit. That's how it's always been with the Big Five.
If I understand it correctly, to move funds in and out of Steinbach, it helps to have an account at financial institution that offers the linking of external accounts for EFT transactions in order to push and pull funds?
5:16 pm
October 17, 2018
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JohnnyCash said
If I understand it correctly, to move funds in and out of Steinbach, it helps to have an account at financial institution that offers the linking of external accounts for EFT transactions in order to push and pull funds?
Simplii and Alterna Bank are 2 online banks that are well suited for this purpose.
5:42 pm
April 21, 2022
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Oscar said
Simplii and Alterna Bank are 2 online banks that are well suited for this purpose.
Good to know, thank you!
9:14 am
October 2, 2025
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MAC99 said
As I understand it I need to contact SCU To do a pull into the account. Is this a wire transfer? Is there a fee?I believe I need to do the same to retrieve my funds by contacting my inbound bank and having them do the same? Potentially with a fee?
It’s too bad they don’t have a way to link your external account as so many others do.
Options when external accounts pull/push don't worked well: SCU has chequing accounts, just write yourself a cheque to retrieve your funds. They are free chequing accounts, where not qualified, take the 'pay-per-use', the fee for the cheque withdrawal is $0.75.
6:02 am
March 15, 2019
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4.6% is a really good rate in to-day's low interest rate environment.
9:44 am
June 28, 2022
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Does anyone know when this promotion will be discontinued? I'm currently enjoying 4.7% from Meridian, and I would like to utilize that as long as possible and then jump into SCU's 4.6% promotion.
10:23 am
April 21, 2022
Online
Nirvana7734 said
Does anyone know when this promotion will be discontinued? I'm currently enjoying 4.7% from Meridian, and I would like to utilize that as long as possible and then jump into SCU's 4.6% promotion.
We are always looking for volunteers to take one for the team. How about giving them a call to see if they'll share any office scuttlebutt, then come back and tell us what you found out.
12:00 pm
April 9, 2019
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JohnnyCash said
We are always looking for volunteers to take one for the team. How about giving them a call to see if they'll share any office scuttlebutt, then come back and tell us what you found out.
I spoke with [front desk?] today she said there is no fixed date set: it can be ended tomorrow or stay another 3 months.
Asked how to transfer money in/out. She said 'wire transfer'. How much transfer will cost have to ask accounting. I left phone message. If they reply and I get the answer I will post.
12:47 pm
December 27, 2021
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If you look back up the thread the best advice for push/pull of funds is by linking to another bank that allows you to link SCU to them. One example would be Saven.
To send funds to SCU your bank is linked during account creation. In my case it was TD bank and I can’t directly return the money from SCU to TD. I presume there may be an external bank you could link that would allow push/pull.
Wire transfer fee out of SCU is $32.
1:44 pm
April 21, 2022
Online
AndreyG said
I spoke with [front desk?] today she said there is no fixed date set: it can be ended tomorrow or stay another 3 months.
Asked how to transfer money in/out. She said 'wire transfer'. How much transfer will cost have to ask accounting. I left phone message. If they reply and I get the answer I will post.
Hmm, your source didn't seem to be on the in. Otherwise, the response you got seemed scripted and boilerplate. Thanks for the effort, still a useful tidbit of insight though.
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