Ditto. Tangerine is not budging and transfer to zag is too much hassle for extra 0.25%. Few days of interest loss as wellangel_wing0 wrote: ↑I am actually staying at EQ for now. 0.25 is not a *HUGE* difference. Also, I didn't receive any offers for Tangerine, and the 5 interac e-transfers are just too good to not use right now. Doesnt help that Zag's website UI looks downright terrible imo.
The EQ Bank Personal Account thread - 2.50% (+1.50% direct deposit) - USD account is out: 3.00%
- Last Updated:
- Mar 27th, 2024 4:11 pm
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- SCORE+77
- JaiKor
- Deal Addict
- Nov 6, 2013
- 2624 posts
- 2119 upvotes
- Toronto
- akaManny
- Deal Addict
- Mar 8, 2013
- 2950 posts
- 1611 upvotes
Since I have family members on the wait list with birthdays in May and June, I am curious if EQ still gives the $25 bonus after the lower rate starts on April 18. That birthday bonus might also be dropped.
- angel_wing0 [OP]
- Moderator
- Mar 23, 2004
- 47725 posts
- 13890 upvotes
- Markham
That will suck, but i doubt they will remove that.
- douche88
- Newbie
- Dec 22, 2011
- 55 posts
- 16 upvotes
- Barrie
Does anyone know if the bonus is contingent on a certain amount of money being in the account? I plan to basically move everything but a dollar over the next few days.
- angel_wing0 [OP]
- Moderator
- Mar 23, 2004
- 47725 posts
- 13890 upvotes
- Markham
nope, as long as it's your bday, u should get the bonus.
- akaManny
- Deal Addict
- Mar 8, 2013
- 2950 posts
- 1611 upvotes
- ace604
- Deal Guru
- Aug 8, 2012
- 10198 posts
- 4028 upvotes
- BC
Not qutie the fastest, see below ...scoper wrote: ↑If you're doing it today and assuming you haven't used more than 1 of the 5 free interac e-transfers per month with EQ the fastest way for up to $10K would be to do 4 consecutive daily interac e-transfers of $2,500 each from EQ to the chequing account linked to Zag, then transfer them from chequing to zag.
The $2500 weekend (Saturday) Interac e-Transfer I did from EQ got dated for Monday, so I found I couldn't do another one yet since Saturday (e.g. complains over daily limit today)Messerschmitt wrote: ↑I started thursday doing the max 2500$ interac transfer directly to tangerine (got 3% offer there). From thursday to Monday is 5 interac's (the 5 free ones). On Monday I have also set a transfer to my main chequing for the reminder. So I'll get 12500 directly to tangerine by monday, then it's going to take about 3 business days for money to get into my chequing acc, and another 3 to get transfered to tangerine.
The good thing is that unlike EQ which took 6 days, all other banks usually complete the ETF transfers in 2-3 days.
I've also found that EQ->Tangerine EFTs show up at Tangerine next-day, so there's no point in really sending more than 1 day's Interac since the rest of the money would get there the next day anyways
e.g. if want to transfer $10k, just Interac $2500 today, and setup transfer of $7500 today.
$2500 will be there in 30 minutes, $7500 will be there tomorrow.
This. (the quick part, I'd still go for the highest rate personally, which for me is 2.76% Tangerine).mkl38s wrote: ↑Actually I am shock that the money is already in my other bank account today and I transferred out yesterday. This is faster than any of the bank (PCF, ZAG & Tangerine) that I have been dealing with - next day available and I did not use interact e-transfer since the amount was more than their limit. Bravo to EQ for this. With only 0.25% difference with Zag, I probably just leave it with EQ for the rest of the money for now
POLL: How frequent is your RRSP-matching?
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
- ace604
- Deal Guru
- Aug 8, 2012
- 10198 posts
- 4028 upvotes
- BC
I'm in the same boat akaManny pointed out below ... I've done MANY transfers of well over $1500 and exactly zero of them have been held 8 days. They've all been held 5 days. The way they count their holds is also a bit wonky if you ask me, they credit you instantly, then hold it a full 5 days after that, and then you get it the next business day. I'd call that a 6-business day holdangel_wing0 wrote: ↑ [...]
However, there are a few cons:
[...]
- 5 business day hold on all transferred funds on $1500 or less, 8 business days (!!) on funds over $1500 (standard in the online banking world, but no way to bypass this since cannot link from an external account)
[...]
If you find anything that I have not mentioned above (or any errors I made), please let me know and I will update the post.
Maybe you can mention that it "says" this, but seems to actually not be enforced.angel_wing0 wrote: ↑Anyway, that's what I was told, and is also part of their hold policy: https://www.eqbank.ca/general-banking/l ... nds-policy
POLL: How frequent is your RRSP-matching?
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
- angelus72
- Newbie
- Jan 31, 2016
- 56 posts
- 11 upvotes
- Thorold, ON
KW confirmed to me on Twitter that no minimum balance is required.
https://twitter.com/EQBank/status/722051776875081729
Can confirm, CIBC is garbage. Barely worth the $300.
- patrob
- Deal Guru
- Apr 17, 2005
- 11038 posts
- 1546 upvotes
- Brampton
Same here, they said I already have their 2% promo rate & don't qualify for new promo lol I agree I love the 5 free e-transfers!angel_wing0 wrote: ↑Also, I didn't receive any offers for Tangerine, and the 5 interac e-transfers are just too good to not use right now.
Lucky you congrats!Invincible wrote: ↑I was offered 3% from Tangerine which I didn't bother moving for... until I saw this notice that EQ is dipping to 2.25. Time to start another transfer!
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- choclover
- Deal Fanatic
- Oct 7, 2007
- 9404 posts
- 5374 upvotes
Faster transfer ever. I did my transfers using EQ's online banking system yesterday morning and they are already in my external account. For a company that has been incredibly slow on everything else the speed on the external transfer far exceeded my expectations.
- mkl38s
- Deal Fanatic
- Jan 21, 2014
- 8517 posts
- 6261 upvotes
Agree. I saw someone mentioned it took several days to get the money out so I was concerned. But then I did 3 more transfers yesterday and they all showed up at my bank this morning so literally it's overnight
- sprdave
- Deal Addict
- Mar 28, 2008
- 2076 posts
- 902 upvotes
- ON
When did you initiate it and to where? I did one Monday before 9am and it's still not in CIBC noon Tuesday. Which is normal, in the past they don't show up until later on the next day to CIBC or to Tangerine.
Which I agree is pretty quick, the only quicker ones I've had is Hubert, which show up at CIBC late the same day. Worst I've had is ZAG which was 3 days I believe (even though they pull it the next day).
- angel_wing0 [OP]
- Moderator
- Mar 23, 2004
- 47725 posts
- 13890 upvotes
- Markham
I just use e-transfers, get there in 30 minutes
- ace604
- Deal Guru
- Aug 8, 2012
- 10198 posts
- 4028 upvotes
- BC
In terms of quick, next day is next day, showing up earlier is good if you need time to react to send a payment elsewhere or transfer it though.sprdave wrote: ↑When did you initiate it and to where? I did one Monday before 9am and it's still not in CIBC noon Tuesday. Which is normal, in the past they don't show up until later on the next day to CIBC or to Tangerine.
Which I agree is pretty quick, the only quicker ones I've had is Hubert, which show up at CIBC late the same day. Worst I've had is ZAG which was 3 days I believe (even though they pull it the next day).
Wondering if both of you guys are with TD or a credit union who seem to be involved with processing back end transfers for EQ:
POLL: How frequent is your RRSP-matching?
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
- ace604
- Deal Guru
- Aug 8, 2012
- 10198 posts
- 4028 upvotes
- BC
Gonna take a long time for people with $100k to use Interac e-Transfers though ;-)angel_wing0 wrote: ↑I just use e-transfers, get there in 30 minutes
Only good for first $2500 of any transfer, any larger amount will be here next-day anyways with normal transfer.
POLL: How frequent is your RRSP-matching?
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
- mkl38s
- Deal Fanatic
- Jan 21, 2014
- 8517 posts
- 6261 upvotes
to TD. Did it before 9am yesterday (3 transfers). This morning at 6AM, I checked and they were not there. By 9AM, all 3 transfers were there.sprdave wrote: ↑When did you initiate it and to where? I did one Monday before 9am and it's still not in CIBC noon Tuesday. Which is normal, in the past they don't show up until later on the next day to CIBC or to Tangerine.
Which I agree is pretty quick, the only quicker ones I've had is Hubert, which show up at CIBC late the same day. Worst I've had is ZAG which was 3 days I believe (even though they pull it the next day).
- cookiemonster123
- Jr. Member
- Sep 14, 2014
- 105 posts
- 11 upvotes
- Vancouver, BC
You are very lucky because I transferred my money yesterday too but my other bank hasn't received it yet
- mkl38s
- Deal Fanatic
- Jan 21, 2014
- 8517 posts
- 6261 upvotes
Maybe it has 'high speed' connection with TD ? I did one on Friday morning (I know stupid me, losing the interest during the weekend because I did not know EQ takes money off immediately) and it showed up Saturday morning but dated Monday which was correctcookiemonster123 wrote: ↑You are very lucky because I transferred my money yesterday too but my other bank hasn't received it yet
- cookiemonster123
- Jr. Member
- Sep 14, 2014
- 105 posts
- 11 upvotes
- Vancouver, BC
Mine is with tangerine. I set up the transfer on Sunday afternoon and by the evening, the money in EQ is gone, but nothing is showing up with my other bank and now it's Tuesday. Still nothing
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