LOL, I didn't realize they can't do recurring bill payments. LOOOL. They also can't do recurring transfers from savings to chequing (I think it was one-way they could do it, maybe not both ... or you had to pay a fee to set it up or something stupid?)john.canad wrote: ↑Aug 2nd, 2017 7:43 pmI can't believe that BMO can't do recurring bill payments... why are they so behind?!
Anyways, what are people doing in terms of setting up regular withdrawals from the account? I've set my payroll to deposit in the unlimited account, but unsure how to transfer it out regularly
Anyways, add that to the list like angel said ... no mobile cheque deposits either.
In terms of automating the requirements, I've done $750 twice a month from payroll and scheduled 2 recurring $750/mo transfers on EQ's side to pull from BMO on the 16th and last day of the month.
I've also setup quarterly transfers of $1 into BMO savings from EQ, and then back out a week later. You have to keep the savings account open to qualify ... if you don't use it ever it could go inactive and dormant (see above futility for reason to schedule it recurring from external and not internal )