Personal Finance

Delay in paying bills from Tangerine Checking?

  • Last Updated:
  • Feb 14th, 2021 8:59 pm
Deal Addict
Oct 19, 2007
2551 posts
1022 upvotes

Delay in paying bills from Tangerine Checking?

This is about paying credit card bills from a Tangerine Checking. Sometimes the transfer would be right away (such as today). Other times the transfer is scheduled for next day (like tomorrow).

I just initiated a pay bill from my Tangerine Checking to my Scotia MC but Tangerine scheduled it for tomorrow 13th.

Why is it so random? TD doesn't do it, it just transfer right away (as in today)
5 replies
Deal Guru
Feb 4, 2015
10180 posts
6559 upvotes
Canada, Eh!!
Perhaps if early in day it is same day else next day.
2022/3: BOC raised 10 times and MCAP raised its prime next day.
2017,2018: BOC raised rates 5 times and MCAP raised its prime next day each time.
2020: BOC dropped rates 3 times and MCAP waited to drop its prime to include all 3 drops.
Deal Addict
User avatar
Oct 13, 2007
4902 posts
3816 upvotes
Edmonton
Seks wrote: This is about paying credit card bills from a Tangerine Checking. Sometimes the transfer would be right away (such as today). Other times the transfer is scheduled for next day (like tomorrow).

I just initiated a pay bill from my Tangerine Checking to my Scotia MC but Tangerine scheduled it for tomorrow 13th.

Why is it so random? TD doesn't do it, it just transfer right away (as in today)
All banks have cut-offs. Today is Sunday so of course it will only be scheduled for tomorrow.
Deal Fanatic
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Jan 31, 2006
8536 posts
2647 upvotes
Toronto
starchoice wrote: All banks have cut-offs. Today is Sunday so of course it will only be scheduled for tomorrow.
Tomorrow is Stat holiday.
Deal Addict
Oct 13, 2006
3012 posts
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Burnaby
Also if its a new bill pay it will be a 24hrs/extra business day
Deal Fanatic
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Mar 30, 2004
5265 posts
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Durham Region
cgtlky wrote: Tomorrow is Stat holiday.
Only provincially. Not a federal holiday (banks are federally regulated).

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