tag:blogger.com,1999:blog-5465015914589377788.post4723628302061041979..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Going From BMO to Tangerine ChequingMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-5465015914589377788.post-71189241598033906002015-09-20T08:55:02.355-04:002015-09-20T08:55:02.355-04:00@Anonymous: After clicking on your chequing accou...@Anonymous: After clicking on your chequing account and you're taken to the Account Details Page, the middle of the page has several choices: Order my cheques, Order a draft, Print void cheque, and Increase Client Card limits. Choose Print void cheque.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-19747309765403605742015-09-20T00:54:16.618-04:002015-09-20T00:54:16.618-04:00Where did you find the pdf file of the void cheque...Where did you find the pdf file of the void cheque Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-75137513429739183262015-05-14T14:03:44.952-04:002015-05-14T14:03:44.952-04:00@Paul: I've been very happy with BMO Investor...@Paul: I've been very happy with BMO InvestorLine for my investment accounts, but I find Tangerine far superior to anything else I've tried for chequing. Your mileage may vary.<br /><br />My experience with staff in bank branches is very different from yours. I find they are nice people with very little authority to do much of anything for me. The bank's rules are enforced by computers and the people working in banks (including the manager) have very limited scope for overriding the computer's rules.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-9143507181144589192015-05-14T13:07:45.854-04:002015-05-14T13:07:45.854-04:00I'm going to go in the other direction and def...I'm going to go in the other direction and defend my bank which is TD Canada trust.<br />I get great service, I have avoided almost all service fee's with the exception of using other banks ATM's here and in the USA. Their staff at "Fundsmart" was/is always really patient with me especially when I did my very first on-line trades and was a bit lost. <br /><br />Once you have a decent amount of AUM's with them (They allow you to combine assets with your Waterhouse accounts) make an appointment, sit down and discuss your fee's across a desk one day and they will wave all the ones that they can. I even have a free small safe deposit box included, and free cheques.<br /><br />I know some people might want to go to Questrade for example to get a sightly cheaper trade fee (or that one time 50 free trades deal), but in the end having everything in one place also has it's benefits. Like the above person mentioned the 24 hr hold on transferring $ from a savings to a chequing account with PC financial is both a waste of time and just simply silly IMO. That's like having $20.00 bucks in you right pocket but you have to put it in your left pock wait a day then buy your coffee.<br /><br />My advice don't listen to headlines, whiners and complainers. The big banks want your business as well. Go past the tellers and get to know some people in the side offices behind them. You will be glad you did.<br />paulhttps://www.blogger.com/profile/00050081178673700867noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-18266618021162137712015-03-18T09:26:05.306-04:002015-03-18T09:26:05.306-04:00@Le Barbu: RBC certainly doesn't want you to g...@Le Barbu: RBC certainly doesn't want you to go off to Tangerine and Vanguard, but based on your comment, I'm guessing that's what you'll be doing :-)Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-67751416123332257312015-03-18T09:23:28.735-04:002015-03-18T09:23:28.735-04:00RBC announce they will change (read crank them up ...RBC announce they will change (read crank them up to the sky) their fees june 2015. Is it a way to make me seek for Tangerine for banking and Vanguard for investing ?Le Barbunoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-77132803238244651112015-03-13T16:30:42.205-04:002015-03-13T16:30:42.205-04:00@W: It's definitely not limited to ATM withdr...@W: It's definitely not limited to ATM withdrawals. Buying stock doesn't seem to count as a withdrawal, but as far as I can tell, everything else counts. Another possibility is that not everyone gets the same deal.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-26698025472805401202015-03-13T15:41:02.597-04:002015-03-13T15:41:02.597-04:00@Jean: Your positive experience is consistent with...@Jean: Your positive experience is consistent with other stories I've heard. Hopefully, mine will go just as well.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-21467140739995949712015-03-13T15:38:50.401-04:002015-03-13T15:38:50.401-04:00Like Bet Crooks, I too have been with ING (now Tan...Like Bet Crooks, I too have been with ING (now Tangerine) for years - at least 5 or 6. If you are looking for a negative opinion, I cannot really oblige. The only downsides for me was that in their early years, they had no chequing, and they had few ATM access points; both "deficiencies" addressed now. When our kids "grew up" and moved out, I helped set them up with ING accounts, where their paycheque goes, and auto monthly deposits to TFSA (invested into one of the Tangerine mutual funds, at 1.07 MER).<br /><br />The other really nice thing about their savings account, is that you can create up to 5 "envelopes". For example, I have one for Cottage taxes, another for Car repair fund, a Trip fund, etc. (with auto-deposits to each). It makes for a very convenient saving and budgeting system.<br /><br />The other cool thing (now that it's Tangerine/Scotiabank) is that (according to their fine print) you can withdraw at many ATMs around the world, with no surcharges. I haven't tried that yet, but my wife and I are retiring next year, so I should have a chance to try it soon.<br /><br />Best regards to all,<br /><br />Jean A.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-81145144414907370332015-03-10T20:24:13.936-04:002015-03-10T20:24:13.936-04:00@Paul G: I'm glad Tangerine has worked out fo...@Paul G: I'm glad Tangerine has worked out for you. Hopefully, it works out for me as well. I think I'd like to hear someone with a negative opinion to ground me.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-18000676307872158552015-03-10T20:07:25.830-04:002015-03-10T20:07:25.830-04:00I went from National Bank to Tangerine as my "...I went from National Bank to Tangerine as my "second" bank ( I always like having 2 distinct accounts, so that I always have a backup plan) because of the 0 fees, and have found the whole process, including depositing cheques, really easy and practical.<br /><br />-Paul G.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-40707773150784671032015-03-10T10:17:38.703-04:002015-03-10T10:17:38.703-04:00@Anonymous: Transferring from Tangerine to BMO IL...@Anonymous: Transferring from Tangerine to BMO IL is trivial -- I can do it online in a few seconds. I haven't tried the other direction yet, but at worst I could write a check and take a picture of it.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-656505328683132902015-03-10T10:15:49.553-04:002015-03-10T10:15:49.553-04:00@Robb: I can be pretty bad when it comes to inerti...@Robb: I can be pretty bad when it comes to inertia. But this trait can help me as well. For example, I almost never rush out to get the latest new gadget. By the time I decide it would be useful, prices have usually come way down. But this trait isn't so good when it comes to adopting things like online bank accounts to save me money.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-72400871256297295792015-03-10T09:56:31.942-04:002015-03-10T09:56:31.942-04:00How easy is it to transfer money from your Tangeri...How easy is it to transfer money from your Tangerine account to your BMO IL account?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-69439029235654268212015-03-10T09:43:02.681-04:002015-03-10T09:43:02.681-04:00It amazes me how powerful inertia can be - how so ...It amazes me how powerful inertia can be - how so many people bank at the same place all their life, accept the fee increases and initial mortgage renewal offers without question. Sure, saving a few bucks a month won't change your life, but it's not that difficult to make the change. <br /><br />I switched to ING several years ago when there were still a couple of barriers of entry - you know, before you could just take a picture of a cheque and had to physically mail it in, and when they were on the Exchange network (which had all of one ATM in Lethbridge). Now that those barriers have been removed, the process has become that much easier and hopefully more people will make the change (to Tangerine or PC Financial).Robb Engenhttp://www.boomerandecho.comnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-20402116344633443042015-03-10T08:15:07.575-04:002015-03-10T08:15:07.575-04:00@Bet Crooks: Thanks for the advice. I'll kee...@Bet Crooks: Thanks for the advice. I'll keep that in mind as I get into the rhythm of a new system.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-84156212668686356402015-03-10T07:55:15.493-04:002015-03-10T07:55:15.493-04:00If you want to get slightly more interest, keep yo...If you want to get slightly more interest, keep your money in a Tangerine savings account and transfer it to your chequing account (online) just before you want to withdraw it. Unlike PC Financial you can instantaneously transfer from Savings to Chequing.<br /><br />We've been with Tangerine (for Savings) for years and it's been very reliable and useful.Bet Crookshttp://financialcrooks.comnoreply@blogger.com