lol at least have an extra 0 to make it more interesting.This quote is hidden because you are ignoring this member. Show Quote
lol at least have an extra 0 to make it more interesting.This quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
LOL wasn't even bragging. $20K on Beyond is poverty level....no where near baller status but deposit was easy. As others mentioned, teller had to go get a manager to come authorize it. Asked a couple questions about what for. Easy. And RBC holds the cheque for 4 business days. Def no dai loThis quote is hidden because you are ignoring this member. Show Quote
Originally posted by GTS Jeff
You know those bored stay at home moms who's entire lives revolve around driving their kids to soccer, various cleaning accessories, and worrying about neighbourhood rapists? The kind of people that watch the View and go "uh huh..." Those unfulfilled people who try to fill the void in their empty lives by writing whiny letters to the editor complaining about shit that no one really cares about?
Well imagine if instead of writing that letter to the editor, she just posts on a car forum for car enthusiasts. That's Kritafo.
I guess I'm f'n bottlepicker then LOLThis quote is hidden because you are ignoring this member. Show Quote
Funny that you speak of that. I collect bottles at work to supplement my income. Gotta make those monthly car paymentsThis quote is hidden because you are ignoring this member. Show Quote
Originally posted by GTS Jeff
You know those bored stay at home moms who's entire lives revolve around driving their kids to soccer, various cleaning accessories, and worrying about neighbourhood rapists? The kind of people that watch the View and go "uh huh..." Those unfulfilled people who try to fill the void in their empty lives by writing whiny letters to the editor complaining about shit that no one really cares about?
Well imagine if instead of writing that letter to the editor, she just posts on a car forum for car enthusiasts. That's Kritafo.
if you have 20k in chequing account, that means you should have 10x that in your savings, and 100x that in your investment accountsThis quote is hidden because you are ignoring this member. Show Quote
It’s not like savings accounts pay you anything anyways.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
It would be very surprising to have a cheque on hold for 1-2 weeks, unless it was from the US. Most I've ever had to wait is maybe 5 business days, and they always say "up to."
Of course if you're a repeat client, the cheque is from the same person and can have the bank manager authorize it, they will allow large deposits like that to be available immediately. All the B/M does is put a note on your account - I had to remind the tellers often as they were not typically aware these kind of deposits were possible without holds.
Ultracrepidarian
The only reason I can see to use a "savings account" is if it not accessible by your debit card, and the debit card is for chequing only. Would help in bank fraud situations to limit access to your money.This quote is hidden because you are ignoring this member. Show Quote
Not really related but not worth a new thread and I didn't see an existing one.
I used a bank draft to make an offer on something and my offer was not accepted. The bank draft has been returned to me. It is not lost or stolen, it's back with me.
Can I do something as simple as stick it in an ATM, or, do I need to take it to a human teller and somehow get it put back in my account?
It is not made out to me (I am not the payee).
fun fact... if i deposit up to a $25k cheque from a trust account via teller at BMO there is a partial hold till they can call and verify funds, but if i put it in a machine or use the mobile app there is zero hold
...
Last edited by Sugarphreak; 08-18-2019 at 04:26 PM.
I’m moving to a manulife one account myself... can play with different terms for sub accounts, then also leave some on the LOC portion of you want to essentially extend your amortization for better cash flow. Use it as your main bank account to reduce interest charges on the LOC as they calculate it daily. The ultimate for managing fluctuations in income as the P+I sub accounts pay themselves from the main LOC as long as there is room. Can also have the sub accounts readvancing so you never have to refinance again to add room to the LOC. Once it’s free and clear they also pay a decent interest rate if you use it as your savings account
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Last edited by Sugarphreak; 08-18-2019 at 04:26 PM.
For the sub accounts (P+I mortgage component) it ranges from 3.24-3.79, main account (LOC) is P+0.5, 1.5% credit if you have a positive balance
So a little out of market for sure, but for the flexibility I’m fine with the premium, especially since it’s a better rate than my current mortgage of P-0.5 on the fixed terms.
Last edited by ercchry; 05-01-2019 at 08:43 AM.
Nothing wrong with hustling, not all of us can be Jordan Belforts! I sometimes sell some loot from work lol that's the fun money.This quote is hidden because you are ignoring this member. Show Quote
So, answering my own question...This quote is hidden because you are ignoring this member. Show Quote
The process is very simple as long as you are in possession of the Bank Draft. Hand it to the teller and it will be deposited back into your account.
She also told me I could've used an ATM, but the money would've been held a few days.
Easy.
I actually got in an argument with my co-worker (a financial controller) who insisted that the payee would need to cash it and give me money. It would be impossible for the bank to take it back from me, even though I'm the one that had it written. Idiot.
Only kinda related, and I can't find a better thread for this. But have a current offer for 17k for my truck, and the guy seems to not have a bank account, so he's requested to pay all in cash.
I'd kinda prefer not to take that many paper bills from a stranger. I'm asking additional questions to see how comfortable I feel with this fine gentleman.
Walking into a bank branch and watching him order a bank draft would feel better.
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or walk into your branch with him, and have him give the cash to the teller to deposit to your account. They can check to see if it is counterfeit or not too. once it is in your account....Profit???This quote is hidden because you are ignoring this member. Show Quote
Boosted life tip #329
Girlfriends cost money
Turbos cost money
Both make whining noises
Make the smart choice.
Originally posted by Mibz
Always a fucking awful experience seeing spikers. Extra awful when he laps me.
Couldn't you just deposit it in person with him, they'll run it through their bill counter and spit out the fakes in real time. I assume you wouldn't have any additional concerns?This quote is hidden because you are ignoring this member. Show Quote
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
unoriginal prick.This quote is hidden because you are ignoring this member. Show Quote
Boosted life tip #329
Girlfriends cost money
Turbos cost money
Both make whining noises
Make the smart choice.
Originally posted by Mibz
Always a fucking awful experience seeing spikers. Extra awful when he laps me.