Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this8:10 pm
February 1, 2016
Offline
I initiated an online push of $60K from Wealth One Bank HISA on Sept 13 and it arrived overnight at my CIBC account recorded as Sept 14. No special handling, no phone contact, no problem. Excellent service.
9:20 pm
October 21, 2013
Offline
Bill said
Posts 14 & 16 say the same to me, i.e. per day you can make as many transactions as you like, total withdrawals can't exceed $100K. Is my read of it.
Yes, but you missed the earlier version of #14. Before being updated, it said 100K per week. I re-read it several times as I tried to make sense of it, so I know I'm not mistaken. I should have "quoted" it to make that crystal clear but I try to minimize quotes to reduce clutter.
8:20 am
February 20, 2013
Offline
Loonie said
And thank to frugal lady for updating post #14.
Loonie I need to clarify that I DID NOT update or amend my post #14 and that you indeed did read it wrong when you posted #15. My post #16 in response to yours was my attempt to draw your attention that I said "per day" not "per week".
9:33 am
October 21, 2013
Offline
OK; our memories differ. I'm not saying you're misleading us, but, at the same time, I can't get my own clear memory out of my head.
Let's move on to a more useful discussion.
2:46 pm
December 26, 2018
Offline
Should I go with these guys or with Motusbank for 5 yearsGIC?
3:18 pm
October 17, 2022
Offline
Canadianbull said
Should I go with these guys or with Motusbank for 5 yearsGIC?
I would just go with motusbank since it is backed by meridian credit union. I read a post by (I believe doug) who went into wealth one banks financials and it was not good so I would not want to put any money there unless it was the last option I had for CDIC coverage after exhausting all the other banks / credit unions.
4:58 pm
October 21, 2013
Offline
if you need to do it now, I'd go with motus too.
W1 will likely have some rate specials during Chinese New Year, coming up in about 3 weeks, but they might not include five year term , which is not too popular with banks right now.
Just stay within CDIC limits.
2:25 pm
December 26, 2018
Offline
Loonie, tfsa gic and non registered gic has 2 separate coverages for 100K. am I right?
Or both GIC has 100K coverage?
10:47 am
October 21, 2013
Offline
Yes. TFSA and non-registered each have 100K including any accumulating interest.
The interst is particularly importat with TFSAs as you are likely to be leaving the interest in the TFSA with annual compounding. At 5% for 5 years with annual compounding, you should only put in about 78K. You'd have to do the calculation for your particular investment.
Please write your comments in the forum.