I suspect that Tangerine reps will be more agreeable when they see that you have an electronic link to EQ.
Can you set up you EQ as a linked account at Tangerine? This would be great so that you could simply "pull" from EQ when the deals come out (and so the agents can see this link). But I thought you could only link chequing accounts (which EQ is not)?
I suspect that Tangerine reps will be more agreeable when they see that you have an electronic link to EQ.
Can you set up you EQ as a linked account at Tangerine? This would be great so that you could simply "pull" from EQ when the deals come out (and so the agents can see this link). But I thought you could only link chequing accounts (which EQ is not)?
Yes, I have EQ and Tangerine linked at both ends. Tangerine now supports the 'small deposits' method of linking external accounts, and EQ now supports pre-authorized deposits/withdrawals.
I suspect that Tangerine reps will be more agreeable when they see that you have an electronic link to EQ.
Can you set up you EQ as a linked account at Tangerine? This would be great so that you could simply "pull" from EQ when the deals come out (and so the agents can see this link). But I thought you could only link chequing accounts (which EQ is not)?
Yes, I have EQ and Tangerine linked at both ends. Tangerine now supports the 'small deposits' method of linking external accounts, and EQ now supports pre-authorized deposits/withdrawals.
That seems to be the smartest way to deal with an outfit like Tangerine. For about 2 years I have an account with about a dollar in it and have NEVER received one of their offers.I'm not interested in phoning in to beg for 2% every 3 months when Alterna & EQ will pay you that much anyway.
It seems that TING (according to the posters at RFD) usually reward clients that methodically remove all of their funds out about 5 days before the 3 month lottery begins.These posters are then offered varying rates on "new money" to return. Of course all of their funds are now "new money".
Kind of worth it for a few clicks of the mouse if you're moving around a few hundred K.
jeremy wrote: ↑05 Apr 2017 11:38Yes, I have EQ and Tangerine linked at both ends. Tangerine now supports the 'small deposits' method of linking external accounts, and EQ now supports pre-authorized deposits/withdrawals.
I suspect that Tangerine reps will be more agreeable when they see that you have an electronic link to EQ.
Can you set up you EQ as a linked account at Tangerine? This would be great so that you could simply "pull" from EQ when the deals come out (and so the agents can see this link). But I thought you could only link chequing accounts (which EQ is not)?
On EQ web site, click "Pre-authorized transfers" under "Pay & Transfer". The page shows the magic numbers that you need to set up a linked account at Tangerine.
I suspect that Tangerine reps will be more agreeable when they see that you have an electronic link to EQ.
Can you set up you EQ as a linked account at Tangerine? This would be great so that you could simply "pull" from EQ when the deals come out (and so the agents can see this link). But I thought you could only link chequing accounts (which EQ is not)?
On EQ web site, click "Pre-authorized transfers" under "Pay & Transfer". The page shows the magic numbers that you need to set up a linked account at Tangerine.
Enter your EQ account number as 9 digits without dashes.
Thanks for that.
BTW, I noticed whichever account at Tangerine I completely deplete of funds (mine or wife's) gets the next promotion offer.
"Speculation is an effort, probably unsuccessfully, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little." Fred Schwed " Where are the Customers’ Yachts?"
hamor wrote: ↑06 Apr 2017 11:57
BTW, I noticed whichever account at Tangerine I completely deplete of funds (mine or wife's) gets the next promotion offer.
Assuming it had some "decent" money in the "recent" past.
(the secret algorithm parameters are in the rhyme above )
finiki, the Canadian financial wiki
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]
My wife and I have transferred her RSP out of Tangerine and will be calling them soon to tell them to stick it where the moon don't shine (close all accounts).
We've had enough of the jerk and pull with rates and are taking all of our money and leaving forever.
Has anyone linked Td brokerage Canadian investment cash account and Alterna bank or EQ bank. Any tips on setting it up. Often requested a void cheque sort of thing and no such thing for the Td.
To my knowledge, links between brokerage accounts and bank accounts are limited to:
1. Movement to an external (not-inhouse) brokerage account is done by Bill Payment from the bank account
2. Movement from a brokerage account is typically done via a linked/in-house bank account, e.g. a TD bank account in this case.... or in some cases, via EFT through a brokerage form designed for that purpose... or wire transfers (at some cost).
I know RBC DI does not have any such mechanism to move funds EFT from their brokerage accounts to non-RBC bank accounts. Scotia iTrade does (or at least did) have a form that could be filled out that allowed EFTs (not wire transfers) out to external bank accounts. Don't know about TD.
I tried back in January when I set up my EQ account. No dice. The initial deposit (and subsequent linked account) had to be a plain jane chequing account from TDCT.
Profit not Prophet wrote: ↑06 Apr 2017 17:28
Has anyone linked Td brokerage Canadian investment cash account and Alterna bank or EQ bank. Any tips on setting it up. Often requested a void cheque sort of thing and no such thing for the Td.
Not sure what you mean by this. I am at TDW with a linked checking account to another big 5 bank. I have to call in and ask them to transfer X from whichever account to the account they have on file for the other bank, Canadian funds only, couple of days time. I had to submit a blank voided check now they may take an emailed scanned form from the bank if you ask nice. For US withdrawals they will send a free bank draft takes about a week. Have not tried Alterna or EQ not sure why they wouldn't if you had a checking account at either.
Bill payment going from Big 5 to TDW make sure it's correct if not it may take a month to find/fix the problem first hand experience.
You may have to do a three way transfer, TDW to a Big 5 bank then out to EQ etc.. Peoples, CDF & Oaken all have the ability to push and pull money from a Big 5 can't remember about Zag.
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
ig17 wrote: ↑05 Apr 2017 19:46On EQ web site, click "Pre-authorized transfers" under "Pay & Transfer". The page shows the magic numbers that you need to set up a linked account at Tangerine.
Enter your EQ account number as 9 digits without dashes.
A friend has set up an EFT from her TDDI account to her CIBC chequing account. She has to call TDDI to move money. Presumably, one could set up a link to EQ using the above information.
Thanks for the info and ideas folks. I have TD broker to BMO personal chequing set up. Was looking to streamline to TD to EQ or Alterna directly. As I suspected it might be more trouble than it's worth for the number of movement I plan.
Another alternative could be just stuff my pockets with twenties, wear baggy pants and go wrapper style. I don't think a 50ish Irish heritage cheapskate can do the swagger thang justice though. Cheers
A friend has set up an EFT from her TDDI account to her CIBC chequing account. She has to call TDDI to move money
I have monthly transfer from BMO to TDDI, it was a huge pain to setup, but now it works np.
"Speculation is an effort, probably unsuccessfully, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little." Fred Schwed " Where are the Customers’ Yachts?"
KFried wrote: ↑08 Apr 2017 10:13
At Tangerine, one can easily set up multiple ISAs online, no bureaucracy. Do each and everyone of the accounts qualify for the 100k CDIC protection ?
Thanks
No. You cannot increase your CDIC insurance by simply opening additional Tangerine regular savings accounts registered under your name alone. If you have a joint savings account with someone else, this qualifies separately.
TFSA and RRSP savings accounts also qualify for protection separately.
Note however that RRSP savings accounts do not qualify for Tangerine's recent rate promotion and joint accounts don't qualify for the promotion if either party also has a separate savings account with Tangerine.
and joint accounts don't qualify for the promotion if either party also has a separate savings account with Tangerine.
This doesn't seem right. I have two joint savings accounts with Tangerine, with different people. There is no issue with qualification for the higher rate.
and joint accounts don't qualify for the promotion if either party also has a separate savings account with Tangerine.
This doesn't seem right. I have two joint savings accounts with Tangerine, with different people. There is no issue with qualification for the higher rate.
Joint accounts do qualify for the promotion as if they would be the property of the primary account holder (i.e., the secondary does not count).
finiki, the Canadian financial wiki
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]
This is a question or comment re the minimum interest paid in an interest bearing account.
Does anyone have an interest bearing account whereby if the interest is less than a certain amount it is not paid?
I have a number of accounts in various institutions for HISA as well as regular banking and move money around as required. On occasion when there has been very little in an account I have seen interest as low as a few cents paid.
My main bank account for bills etc is with my credit union. (DUCA) via my PCA. My pensions go in there.
They also have an account called EARN MORE SAVINGS ACCOUNT which advertises to pay interest at 1.2%.
I keep most of my operating funds in it until I need to transfer to the PCA to pay bills.
Most months the interest is only in the order of $1-$2 little enough I know. I was not paid any interest for March. When I enquired I was told that as it was less than $0.75 they don't pay interest. (I calculated it as $0.63)
I have challenged them to show me where on their documentation it states this limitation on interest paid. So far I have not received a call back. Look after the pennies and the pounds will look after themselves
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover
I've not heard of that. I've had/have a number of accounts where monthly interest paid is between 1 and 35 cents on a regular basis (and a whole year's worth is barely $2).