Link Bank Account to TD HELOC Revolving Portion
Does anybody have experience in linking HELOC of TD to a Chequing Account of another Bank, let's say, CIBC? so that the borrowed money can be deposited to and the LOC interest can be paid through another bank? So far, the TD agents told me that chequing account has to be from TD, which is unreasonable, because right now I can pay the mortgage from my CIBC account, why the HELOC cannot? Are they trying to get a sale for their checking account? I would appreciate if anyone could share your experience or thoughts.