We opened an ING Direct (now Tangerine.ca) account because they paid us $25 and because it paid a good interest rate on a savings account. Then later, we opened a PC Financial chequing account because they give you unlimited free cheques, at least for now. For both accounts, we need to transfer money in and out from our “Big 5” Canadian bank accounts. We do not directly deposit our pay, for example, to Tangerine or to PCF (although we could, for free.) So the amount of time it takes to make a transfer and how long the bank has a hold on the money after a transfer matters to us. It may matter to you, too, so this is a review of whether Tangerine or PC Financial is better for transfers and holds.
The Conclusion: Which is Better Tangerine or PC Financial for Transfers?
As you can see if you continue reading, Tangerine Continue reading