Easy free transfer method between PCF and other?

dtm252535 wrote: ↑ I know I've read about this before on here but couldn't find it, is there an easy way to transfer money from a pc financial account to a cibc, or TD account? Perhaps by adding them as a bill payment or something? Trying to avoid the recurring e transfer fees.

905P4N6 wrote: ↑ I have my PCF linked to my accounts at CIBC, Tangerine and RBC.
Once they are linked, transfering funds is easy.
Go to "Transfer" .. "Add Accounts".
The process to set up the link is antiquated. They require you to mail in a VOID Cheque. ("You must send in a void cheque or a customized account confirmation form to complete this request. The address will follow")
Setting up the link will take days factoring in travel time via CanadaPost.

In contrast, setting up external links from EQ Bank and Tangerine to external accounts only takes a day or so. (done via 'micro-deposits' to the accounts you want to link.

905P4N6 wrote: ↑ I have my PCF linked to my accounts at CIBC, Tangerine and RBC.
Once they are linked, transfering funds is easy.
Go to "Transfer" .. "Add Accounts".
The process to set up the link is antiquated. They require you to mail in a VOID Cheque. ("You must send in a void cheque or a customized account confirmation form to complete this request. The address will follow")
Setting up the link will take days factoring in travel time via CanadaPost.

In contrast, setting up external links from EQ Bank and Tangerine to external accounts only takes a day or so. (done via 'micro-deposits' to the accounts you want to link.

Shadow Rider wrote: ↑ Just use their free checks

dtm252535 wrote: ↑
Thanks for the reply. I was hoping they weren't still in the Stone Age of having to mail anything in to set it up.

dtm252535 wrote: ↑ And then snail mail the cheque to the person I can't physically meet hence the need for a means of electronic transfer?

1. Linking to external accounts with micro-deposits to verify (up to 10 external accounts)
2. Same day transfers between accounts instead of artificial one day delays imposed by PCF from savings to chequing
3. Pay bills from savings accounts (they are all savings accounts!) as well as PADs, PACs
4. 5 free Interac e-Transfers per month
5. Unlimited free instant EQ-to-EQ transfers
6. 2.3% vs 0.8%
7. You can create as many savings accounts as you want
8. You can give these accounts names instead of PCF where you can't