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How to Set Up Automatic Transfers to a PC Financial Account

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TV shows like Till Debt Do Us Part encourage people to set up automatic deposits to savings accounts. The idea is that if the money is never seen you will spend less of it. You can automatically transfer money every week, every two weeks, once a month, every 3 months, every 6 months or once a year to a PC Financial bank account from another institution to help you save. You can also transfer money within your PC Financial accounts. For example you can transfer from a chequing account to a savings account. Here’s how to make these transfers automatic.

How to Set Up a Regular Automatic Account Transfer for a PC Financial Account

Sign In to your PC Financial Bank Accounts

  1. Go to http://www.pcfinancial.ca/
  2. Make sure Online Banking is selected from the drop down list in the top right corner of the screen, then
    Click the Go button.
  3. In the Card Number field, type the number on your ABM card.
  4. In the Password field, type the password you set up for online banking.
  5. Click on the Sign In button.

To Transfer Automatically from your Bank to PC Financial or Between PCF Accounts

  1. From the link list on the left side of the screen, click on: transfers
  2. From the drop-down list, select from which account to take the money.
    • For example, I selected our PCF chequing account.
    • NOTE: you can see how much money you have in your PCF accounts but not in accounts at another bank or credit union.
  3. From the drop-down list, select to which account the money should be deposited.
    • For example, I selected our PC Financial savings account.
    • Because this is a PC Financial account, it does show the current balance in the account.
  4. In the How much? field, type the amount you want to transfer.
  5. From the drop-down list, select How Often to make the transfer.
    • I selected Every week.
    • Choices include:
      • Once;
      • Every week;
      • Every two weeks;
      • Once a month;
      • Every 3 months;
      • Every 6 months;
      • Once a year.
  6. In the When? Field, select the month and type the day and year.
    Or select the date from a Calendar by clicking on the icon.
  7. Read the warning notes.
    • For example, the account balances shown for the PCF accounts include funds on hold that may not be able to be transferred.
  8. For the Ending when? section, select
    • the date the transfers should stop, or
    • how many transfers should be made before stopping
  9. Click on the continue button.
    • If, like me, you left the date as today’s date, you will get a rejection message that states:
      “The transfer date is invalid. The transfer date must be dated at least one day in the future. Funds transferred to and from another financial institution usually take 1 to 2 business days to process.”
    • Don’t ask why it waited till this point to reject my request. Anyway I changed the date to tomorrow and clicked on the Continue button again.
  10. On the Transfers – before you finish screen, review the details.
    • In particular if you have several bank accounts make sure the correct account numbers are selected.
    • Read the warnings about Holds placed on the incoming funds and delays.

    Click on the set up transfer button.

  11. Copy the Confirmation screen or make a note of the Reference number if desired for future needs.

If you are finished banking

  1. At the top right of the screen, click on the Sign Out button.
  2. Click on the OK button.
  3. Close your browser to increase the security of your banking information.

To Check Your Regular Contribution Instructions for an PC Financial Account

  1. Log in to your PC Financial account online.
  2. To check your upcoming transfers, on the left side of the screen, click on the Transfers link.
  3.  A new sub-list is displayed on the left side.
    Click on the upcoming transfers link.

    • A screen will show a list of scheduled transfers.
    • It tells you which accounts the money is coming from and going to, the amount, the date of the next transfer and any details such as if there are 3 more  transfers scheduled and how often.
    • Review the notes about when transfers begin and what happens if you cancel them.
  4. When you’re finished, for security, click on the Sign Out button, click OK and close your browser session.

You’re done!

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Do you find automatic transfers useful? Do you use them to pay your bills or to save money? Please share your experiences with a comment.

How to Save your Account Transaction History for a CIBC Investor’s Edge Account

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Recently I’ve been organizing and backing up our financial records for posterity. After all, I’m sure after the universities finish poring over Mr. Warren Buffet’s records for inspiration and insights they’ll come knocking on our door. (Not?) One record I find useful to keep on file is our transaction history for our CIBC Investor’s Edge account. This makes it simple to reference when and why money moved in to or out of our trading account. Although we have the same information in other places, I like this format. Here’s how I made a copy of the transaction history in Excel and saved it on a DVD.

How to Save the Transaction History for your CIBC Investor’s Edge Account

  1. Sign on to your account/s.
    1. Go to https://www.investorsedge.cibc.com/ie/index.html
    2. In the User ID field, type your User ID.
    3. In the Password field, type your password.
    4. Click on the Sign On button.
  2. From the link list on the left side of the screen, under Account Information, click on Transaction History.
  3. Click on the custom range tab.
    1. From the From: drop-down lists, select the oldest permitted month, day and year.
    2. From the To: drop-down lists, make sure the most recent permitted date is selected or modify it.
    3. To list the transactions for that period, click on the Search button.

    If you selected a date that is earlier than the available data, the system will correct it to the earliest possible date and reply with the message:
    “Please note: Transaction History can only display transactions as far back as 13 months ago. Your From Date has been changed to the earliest possible date and the results are being displayed accordingly.”

  4. Above the display is a red link titled Download Transactions with a small downward facing arrow beside it. Click on this link.
  5. The Opening Transaction_History.xls window will appear.
    You will be prompted to either

    • Open the file with a spreadsheet program like Microsoft Office Excel; or
    • Save File

    Personally, I prefer to open the file first.

    1. Click to select the radio button beside your preferred choice.
    2. Then click the OK button.
    3. If you chose to open the file, your spreadsheet program will open a window with the data displayed.
  6. You may see some ########## fields. That just means your column is too narrow to display the information. You can click on the narrow vertical line between two columns and pull the column to the right to widen it. You should then see proper values in the cells of that column. Repeat as desired.
  7. After checking the data is what you expect, you can save it.
    1. While holding down the Ctrl key, press S.
    2. You will be warned that you need to give the file a new name to save it. To dismiss the warning, click OK.
    3. In the Save As window
    • In the File Name: field, type a new name for the transaction history file.
    • In the Save as type: field, select the type of file to save it as. For example, I selected Excel Workbook.
    • Click on the Save button.
  8. If you are finished with your Investor’s Edge account, click on the Sign Off link.
  9. For extra security, close your Browser session.

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Do you find the Transaction History is useful when you are reviewing your InvestorLine account? Or do the e-statements meet your needs better? Please share your experiences with a comment.