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Email this5:44 am
February 14, 2023
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decent if real.
6:48 am
April 6, 2013
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Wealth One Bank does offer a 180-day GIC in their Account Application page:
But, their GIC page doesn't show the rate for their 180-day GIC's:
8:00 am
May 20, 2016
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The problem with Wealth One is that they hold the fund for way too long. I want to purchase the GIC right after I move the fund to Wealth One and don't want to wait for 10 days or longer.
8:27 am
April 14, 2021
Online
I always found them pretty reasonable, if you call them to release funds for a GIC purchase.
10:35 am
April 6, 2013
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If the funds are at another online-only bank, one can push the funds from the other online-only bank into the Wealth One savings account. That will involve a direct deposit to the Wealth One savings account and should have no hold.
EQ Bank has a similar issue. I try to push funds into the EQ Bank savings account for a GIC purchase instead of pulling funds in using EQ Bank. Can't always do that though.
If the other financial institution is RBC Royal Bank, for example, then there is no ability to push funds in from the other financial institution.
10:53 am
January 12, 2019
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Best to keep this in mind ➡ https://www.highinterestsavings.ca/forum/wealth-one/fintrac-imposes-676500-administrative-penalty-on-wealth-one-bank-of-canada/
- Dean
" Live Long, Healthy ... And Prosper! "
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