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Ease of Transfer between Tangerine and HSBC?
April 11, 2022
9:42 pm
SavingsQs
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Hi all,
Does anyone have actual experience transferring funds between HSBC (like from their High Rate Savings Account) to Tangerine? Is it easy to transfer large amounts online without fees if the money is "pulled" into the Tangerine account on the Tangerine side (provided the HSBC HRSA is successfully linked)?

I did try posting within a thread at the HSBC subforum, but I think that forum is much less active than the Tangerine forum, so I thought I would try asking directly here.

Thanks for any help/insight. I'm trying to see if it is even worth the hassle of opening the HSBC HRSA if it ends up being hard accessing the money later.

April 11, 2022
9:53 pm
HermanH
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I have tried the HSBC ==> Tang transfer with Tang links and found them to be of no problem. They had the usual limitations (i.e. 100K max), but that could be changed with a phone call to Tang.

However, I will urge caution in starting accounts with HSBC.
https://www.highinterestsavings.ca/forum/hsbc/hsbc-hrsa-account-new-promo-225-240-apr-4-jun-24/#p71107

https://www.highinterestsavings.ca/forum/hsbc/hsbc-hrsa-account-new-promo-225-240-apr-4-jun-24/#p71118

April 12, 2022
8:07 am
savemoresaveoften
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HermanH said
I have tried the HSBC ==> Tang transfer with Tang links and found them to be of no problem. They had the usual limitations (i.e. 100K max), but that could be changed with a phone call to Tang.

However, I will urge caution in starting accounts with HSBC.
https://www.highinterestsavings.ca/forum/hsbc/hsbc-hrsa-account-new-promo-225-240-apr-4-jun-24/#p71107

https://www.highinterestsavings.ca/forum/hsbc/hsbc-hrsa-account-new-promo-225-240-apr-4-jun-24/#p71118  

There is also a $100k limit if I initiate a pull from Tangerine to move the money from HSBC over to Tang ? Or u mean thats a HSBC limit ? Havent tried that but it may be a better solution than writing a check and edeposit...

April 12, 2022
11:35 am
HermanH
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The $100K limit is for Tangerine / online transaction. A phone call to Tang can get the teller to raise it.

April 12, 2022
1:44 pm
cgouimet
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Personally, I would never click a button on any online banking website to transfer anything over $25k in a single transaction. Regardless of the cause of any failure, I'd feel more stress than any of the parties involved and I'm sure I'd be held responsible for more of the legwork to resolve...

I did 6 figures recently to my daughter. Both of us sat at our respective TD branches to ensure that when my Teller sent, her Teller received.

CGO
April 21, 2022
5:12 pm
SavingsQs
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April 11, 2022
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Just a quick note to thank HermanH and savemoresaveoften for your replies.

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