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Email this5:55 am
May 20, 2016
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1 year GIC @5.15% is the best. I'd like to transfer TFSA fund into W1 from Hubert, but can't find out how from W1's online banking. Anybody knows? Thanks.
8:42 am
September 16, 2022
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davidgeorge said
1 year GIC @5.15% is the best. I'd like to transfer TFSA fund into W1 from Hubert, but can't find out how from W1's online banking. Anybody knows? Thanks.
I think you need to contact them to open a registered account, I did it through booking an appointment so they will call you, it went pretty smoothly. This is the link: https://wealthonebankofcanada.coconutcalendar.com/service
11:53 pm
November 18, 2017
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Check the terms and conditions carefully. More and more institutions are raising their transfer-out fees lately, with many going to $100 or more. Study the "end-of-year" method of de-registering funds near the end of the year and then depositing them into the new institution in the new year, when there's no penalty for withdrawing.
Note that either paying a transfer-out penalty or losing up to a month's interest (as it can take that long to de-register or transfer registered funds) may render the transfer not worth your while. Check the policies of both former and new institution, the fee schedules and other details. In some cases, the new institution will cover the transfer-out cost, but I don't think Wealth One is doing that on the new, higher transfer-out fees. Good luck.
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