... current version dated Dec 16, 2024

At a glance in the TFSA column, the $75 per transfer out transaction and the $100 closing fee would be a consideration to me. Also not sure about any fee(s) around their TFSA GICs.

KamWest said
Wealthsimple does everything you are asking for and would be (and is) my choice.  

Wealthsimple does not sell GICs.

gicbits said
I recently closed my Motive bank account since they decreased their rates and it's unlikely they will go back up after being sold to National Bank so I'm looking for an alternative.

Does Wealth One have the same type of online banking options as Motive and EQ Bank?

Would I be able to buy GICs online?

Can I link a bank account by sending them a void cheque?  

Wealthsimple does everything you are asking for and would be (and is) my choice.

leahpoli said
It looks like local network is blocking everything, including NordVpn. Will have to adjust firewall settings. I disconnected my phone from the local network, and had no problem connecting to the app.
I have another question - how do I buy GIC - I already have HISA account.
Could not figure it out on the app.  

I've not tried on an App before but you can do it from a laptop using a browser, just need to log into your account and go to Account Services. Just opened a 5 year GIC as their new rate today is 3.8, quite good for me.

leahpoli said
Thank for the advice. I have tried using an app on IPad, safari and Google browsers on IPad, and the phone.
I get a message that the web site is not available.

I am outside of Canada. Could this be the problem?  

Yes, use a VPN. There are apps you can download that will make it appear to their banking site that you are in Canada. IP blocking is not unheard of, LBC Digital and B2B ( Laurentian Bank ) were one of the culprits.

I am outside of Canada. Could this be the problem?

leahpoli said
I opened a HISA account at WealthOne,but every time I try to login, their site is not available. Tried to call, left a message, but no one is calling me back. Money from my bank were transferred to WealthOne bank, but I cannot access the account for a few days already.
Anyone has the same experience?  

I have had no issues logging in & have logged in every day for the last week (including today) or so because I am hoping/expecting a transaction from another FI to be completed.

Dean said

What does W1BoC use to create links to accounts at other FIs ... Flinks ?

Dean

A very good question, Dean, as I linked my accts when W1 first came online. Their interface does not give information as to how its done, so here is what W1 customer service email says:

Option 1:
Deposit a personal cheque (e.g., $1.00) into your WealthONE savings account via the WealthONE mobile app. Once the cheque has cleared, your external account will automatically be linked, and you may transfer funds between your external account and your WealthONEsavings account.

Option 2:
Provide the following documents for manual verification:
•A direct deposit form or a void cheque
•A recent bank statement for the external account
•A copy of government-issued identification

Thanks for bringing that up, because I did not know their current practice.

Another one of their idiosyncrasies

Stephen

What does W1BoC use to create links to accounts at other FIs ... Flinks ?

.
Thanks,

Dean

cgouimet said

How about Pulling from or Pushing to WOne from other FI's?  

I've never pushed to W1 from an external FI. All my transactions have been from W1 to external linked accounts, which has always worked as expected...except in the situation described earlier.

It should be noted I just realized in mis- wrote my report in the original post:

When initiating an EFT pull, if left on its own, won't be processed until 24 hours later, leaving W1 24 to 36 hours following the pull and will therefore arrive at the destination FI three days later.

Should say:

When initiating an EFT PUSH, if left on its own, won't be processed until 24 hours later, leaving W1 24 to 36 hours following the PUSH and will therefore arrive at the destination FI three days later.

Sorry for the error

Bottom line is if you want your EFT to go out today, call the W1 CSR to do it for you.

Stephen