Depositing cheques in Alterna Bank ATM Exchange Network | Your stories | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Depositing cheques in Alterna Bank ATM Exchange Network
November 8, 2019
12:24 pm
zhong
Member
Members
Forum Posts: 13
Member Since:
March 30, 2019
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

If one has a Motive or B2B debit card and you deposit cheques to an Alterna Bank ATM Exchange Network with it. How long does it take before the deposit will be posted in your account ? Is it right away? Or does it take a few days ?

Thanks

Zhong

November 8, 2019
1:31 pm
Doug
British Columbia, Canada
Member
Members
Forum Posts: 4223
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline
sp_UserWebsite sp_Twitter sp_Facebook sp_LinkedIn sp_YouTube
Go to Top
2sp_Permalink sp_Print

As far as I know, Motive Financial (Canadian Western Bank) does have the capability of assigning access to funds/cashback/access to deposited funds limits to one's debit card—the limits for which depend on your creditworthiness (often including your credit score), other business you have with Motive Financial, and your length of time being a customer. It would be best to ask them what their specific criteria are, though.

If you do not have access to funds limits, whereby a portion of your deposit is immediately available, then the entire deposit will be available no later than 5-6 business days (7-8 calendar days) after the date of the deposit according to Access to Funds Regulations.

Fortunately, Canada's clearing and payments system is undergoing a radical overhaul, so we could see further consumer-friendly regulatory changes on this front within a few years.

Cheers,
Doug

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.