Savers Roundup March 2026: Building a financial foundation, and Easter giveaways!

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Pre-Authorized Debit Agreement Transfer of Funds
March 24, 2026
2:22 am
golftime
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January 29, 2015
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Through Simplii Financial, I have linked accounts to Coast Capital Savings so that I can do a bank to bank transfer of funds using (PAD) Pre-Authoried Debit Agreement. Can push money either way from the Simplii site. Recently $20 000 transfer. There is also no hold on funds. How safe is this process?

March 24, 2026
11:14 am
Norman1
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Direct deposits are widely used for payroll and pension payments instead of issuing paper cheques. Pre-authorized debits have been used by billers to collect payments automatically instead of requiring customers to send in cheques.

Direct deposits and pre-authorized debits have been around for decades and are safe as long as the correct account info is provided.

March 24, 2026
11:30 am
RetirEd
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I've used pre-authorized debit and credit with CC too, for almost a decade. No hassles.

My main complaint is that their special offers aren't available to non-online members!

RetirEd

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