just curious if the email address is correct?bylo wrote: ↑ Yup. My email's salutation reads, "Hi Anjo,..."
Note to EQ, my name is Bylo, not Anjo
Also I find the offer rather feeble, perhaps even insulting.
They're offering 2.35% on a 3 month GIC. That's a whopping 5bp more than on their fully liquid savings account. But even worse, the Bank of Canada is widely expected to raise their rate tomorrow. So why would anyone lock in at 2.35% for 3 months (vs. 2.3% to stay in a HISA) when chances are that rates may go up in the next week or two?
The EQ Bank Personal Account thread - 2.50% (+1.50% direct deposit) - USD account is out: 3.00%
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- SCORE+77
- LOL808
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- Jan 30, 2012
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- gqbluez
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It's a legitimate email and the reply to address is correct as well. It was sent from their marketing email address reply @ email.Eqbank. ca
I think their system may have just mixed up the names. I didn't click on anything. The campaign is legit as well if you go to the eq bank website the first banner is advertising the 2.35% short term GIC.
Wondering if the system just mixed up the names.
- bylo
- Deal Expert
- Jan 7, 2002
- 29708 posts
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- Waterloo, ON
Yes the email is perfectly legit. In addition to being encrypted and passing through Google's spam/scam filtering, all the links have URLs starting with http://click.email.eqbank.ca/?qs=63ed47a...
How else would it have gotten to me?just curious if the email address is correct?
veni, vidi, Visa
- LOL808
- Deal Guru
- Jan 30, 2012
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- multi city dweller
i have received "many" emails that were not addressed to me ... the email addresses were not mine and yet i received them ... better believe it ...
the last one i received was from a real estate lawyer to his client (both husband and wife names were on the documents ...) and the email address was 100% NOT mine ...
what was worse was that the real estate deal was done in queensland australia ...
- bylo
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- Waterloo, ON
- bylo
- Deal Expert
- Jan 7, 2002
- 29708 posts
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- Waterloo, ON
This just in from EQB:
Note the salutation in this email is just a generic "Hi,". I suppose that's one way to fix the bugHi,
At approximately 2pm ET today, we had a “whoops” moment with your first name. The email was intended for you but the first name in the salutation was incorrect.
We’ve fixed the mix-up on our end. Rest assured your security is our number one priority and your information is safe. We apologize for any confusion this may have caused.
If you have any questions, feel free to call us anytime at 1-844-437-2265. We’re available 24 hours a day, 7 days a week.
Sincerely,
EQ Bank
veni, vidi, Visa
- kiwi1962
- Jr. Member
- Mar 11, 2009
- 134 posts
- 89 upvotes
Got an email today from EQ about them increasing the maximum balance to $200,000 per customer for their savings plus account.
- yopman
- Newbie
- Aug 28, 2016
- 93 posts
- 18 upvotes
Do people usually leave only $100k per account? For CDIC insurance.
Once you cap the $100k mark what bank do you guys recommend? I was looking into the one based in Manitoba since it covers 100% of the deposit (unlimited $$$).
- BostonM
- Banned
- Apr 21, 2018
- 128 posts
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Dumb question but is EQ safe??
- Troydabes
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- titaniumtux
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Safe as any online only FI can be. Password requirements are high. No ATM access. Only vulnerability is PAD agreement, but EQ monitors activity fairly closely, so I doubt they'll let your account get looted without stepping in.
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- choclover
- Deal Fanatic
- Oct 7, 2007
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They are safe up to $100k. Beyond that, I would park my money elsewhere. They are in the same business as Oaken Financial which means they should be fine but if this housing market crashes (and it might), we may see some messes out there. Better to be safe.
- angel_wing0 [OP]
- Moderator
- Mar 23, 2004
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They are safe, but their online banking system was dead for two days back in Nov 2017.
- archonz
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- Speedy1
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- archonz
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If we are talking about the same various associated risks (available service and funds access/limits, inflation, policy terms from EQ, CDIC and so on) then would agree. Like with stock market decisions, that is why one should try to diversify where one parks some of their play or operational money and make allowances to take advantages of (more) profitable opportunities whenever possible for their situation (imho).
- Speedy1
- Deal Fanatic
- Jun 29, 2007
- 6041 posts
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- Vancouver
The risk for me is it not being CDIC insured. Putting money in the bank is my safest, most conservative investment thus I want 0% risk of losing the money. For me, it is not worth the 0.5 or 0.75% higher interest even if there is 0.1% or whatever the risk is of losing my money. I have other investments that already have some risk.archonz wrote: ↑ If we are talking about the same various associated risks (available service and funds access/limits, inflation, policy terms from EQ, CDIC and so on) then would agree. Like with stock market decisions, that is why one should try to diversify where one parks some of their play or operational money and make allowances to take advantages of (more) profitable opportunities whenever possible for their situation (imho).
- angel_wing0 [OP]
- Moderator
- Mar 23, 2004
- 47725 posts
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- Markham
Thanks, OP udpated.
- Justlikeyou
- Newbie
- Aug 4, 2018
- 85 posts
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How many days before it hit my bank if I EFT funds from EQ.
Thanks
Thanks
- titaniumtux
- Deal Expert
- May 8, 2009
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- Going to the Moon
You wanna push money from EQ to external? 2-3 business days.
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