Alterna Bank High Interest eSavings Account
A decent account for those looking for some Interac etransfers (2 free a month)
Apr 1st, 2016 9:56 pm
Apr 2nd, 2016 8:05 am
Apr 2nd, 2016 9:50 am
Where did you find the additional information? Specifically, the echequing account and that cheques are not allowed.MehtabS wrote: ↑Amazing account...good job man
- In-branch transactions are not available on eChequing or eSavings accounts. Cheques and POS are not permitted on eSavings.
-eChequing account available too!
Interest Rate: 0.05%*
Free, unlimited day-to-day transactions**
No monthly fee; No minimum balance required
2 Free Interac® e-Transfers (only $0.95 after)
Surcharge-Free access to over 3,300 ATMs in THE EXCHANGE® Network - Canada's 2nd largest ATM network
Easy access with Online and Mobile Banking, Android and iPhone App
Deposit cheques using your smartphone or tablet with Deposit Anywhere™
Apr 2nd, 2016 12:19 pm
Apr 2nd, 2016 12:25 pm
Apr 2nd, 2016 12:54 pm
Apr 2nd, 2016 1:05 pm
Apr 2nd, 2016 1:10 pm
Apr 2nd, 2016 1:17 pm
I spoke with Alterna and there appears to be conflicting information. I was advised direct deposits can be conducted as well as cheque withdrawals (cost of cheques will apply). You can also utilize teller services to conduct deposits for no fee.
Apr 2nd, 2016 2:02 pm
Nearly 100 years old and launched with Alphonse Desjardins himself, I certainly didn't know that.The Civil Service Savings and Loan Society, launched in 1908 with the assistance of Alphonse Desjardins, was the first credit union in Canada outside Quebec. Federal civil servants were prompted by an article in their magazine The Civilian, when it reported on loan sharks charging civil servants up to 200% for payday loans. After the Government of Ontario passed a credit union law in 1928, the Ottawa-based institution was re-chartered as the Civil Service Co-operative Credit Society (CS CO-OP). Although it has always been one of the largest credit unions in Ontario, it never joined Credit Union Central of Ontario.
Even two branches in Gatineau, I certainly didn't know that either.It had 24 branches in Ottawa, Kingston, North Bay, Pembroke and Toronto. It also provides service across Canada through its subsidiary, Alterna Bank, which has two branches in Gatineau, Quebec.
Apr 2nd, 2016 2:35 pm
I just opened up their eChequing and eSavings account this week. When my account was opened, not only did they email me, but they actually called and notified me of that fact. I also asked them to add a missing "biller". The CSR got on it and emailed me to let me know that she had put in the request to "Central 1"......she says they run their online banking platform. By the end of this past Thursday, the missing "biller" showed up in their database and I was able to add it. So far I'm quite pleased with the customer service. They've been very helpful.
Apr 2nd, 2016 2:45 pm
Good to hear. Did you open under the Credit Union or Bank? I didn't notice their echequing until I went to the sign up page.banknerd wrote: ↑I just opened up their eChequing and eSavings account this week. When my account was opened, not only did they email me, but they actually called and notified me of that fact. I also asked them to add a missing "biller". The CSR got on it and emailed me to let me know that she had put in the request to "Central 1"......she says they run their online banking platform. By the end of this past Thursday, the missing "biller" showed up in their database and I was able to add it. So far I'm quite pleased with the customer service. They've been very helpful.
The only thing I find missing is "me-to-me" transfers, but the CSR says it is coming sometime in May......take it for what it's worth. But you do get 2 free Interac eTransfers a month so that makes up for it somewhat.
Apr 2nd, 2016 2:52 pm
I opened with Alterna Bank as the bank subsidiary is offering the eChequing and the 1.85% eSavings accounts......the credit union do not offer these products. I live in western Canada so I can't be a member of their credit union even if I wanted to (only for Ontario residents).
Apr 2nd, 2016 3:02 pm
Are the debt card limits reasonable? I.e. Do they hold an entire deposit or do they give you access to more than the $100 release.
Apr 2nd, 2016 3:06 pm
Apr 2nd, 2016 3:16 pm
I've only deposited 2 cheques (mobile deposit) so far. Deposited $300 to the eChequing with a hold of $200 on the 28th of March, and it was cleared this past Friday. Deposited a $10000 cheque the same day (March 28th) to the eSavings with a hold of $7000. It is still on hold (but I believe the standard is 5 business days for most banks on holds). The first cheque is much smaller in amount so I'm guessing that probably has something to do with the shorter hold times. Other than that, I made a payment to my Tangerine MasterCard and it went thru fine. Will move my payroll deposit over as well this coming week.
Apr 2nd, 2016 4:52 pm
Or you can keep a PC Financial account with free cheques for the rare occasions where you have to make one.banknerd wrote: ↑One thing I forgot to mention is that they do not offer free cheques. Not even for the first set to 50 like Tangerine. They cost roughly $40 to $43 for 50 cheques. But I believe there is a thread on here that has information on where to go to get cheques at reasonable costs if I'm not mistaken.
Apr 2nd, 2016 5:04 pm
Way ahead of you . My primary chequing is currently PCF, but decided to move my payroll deposit to this eChequing due to the 2 free interac e-transfers per month...which I can use one of them to transfer to PCF if/when for that rare occasion I need to write a cheque.
Apr 2nd, 2016 5:07 pm
Mine is with PCF too. I think I will keep it as primary, because my payroll deposit is there and my rent PAD is there too and I don't feel like changing them. I'll just deposit PCF cheques to myself though a National Bank ATM every now and then.
Apr 2nd, 2016 5:31 pm
Yeah PCF has been good to me too. Been with them since the year 2000. Will give Alterna Bank a try because of the flexibility of the Interac e-transfers. I can always switch back to PCF if I don't like it as I don't have anything else going in and out other than the payroll.