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Article #6

Re: Ottawa Online banking - The Good, Bad and the Ugly.

#6
From: Patrick Coghlan
Date: Tue, 08 Sep 1998 00:00
56 lines
3376 bytes
In article <slrn6v8rc3.5c6.mcr@varrus.sandelman.ottawa.on.ca>,
mcr@sandelman.ottawa.on.ca wrote:

> On Wed, 02 Sep 1998 16:28:09 GMT, Mark Rejhon <marky@marky.com> wrote:
> >Why I ask?  I've got personal, business, and visa accounts at TD and have
> >all transactions electronically downloaded into Quicken without typing in a
> >number. I also have my investment account and RRSP with TD too.  However, I
> 
>   Also me.
> 
> >am growing rather dissatisfied with TD's terrible service and they put me on
> >one phone tag too many :-( and different TD representatives have given me a
> 
>   Further, 90% of the time the transaction I want to do is something I can't
> do over phone or web, so I have to go into a branch. They have 11-3 hours
> now, no bicycle parking, etc. I won't run Java to do my online banking.
>   Misc.invest.canada has a running thread, often with posts from Patrick
> Coghan (I think I got the name right) about various online trading services. 

Well, add an "h" and you're there!

>   So far, ETrade with Canada Trust for basic stuff seems to be the solution
> for me. No, it doesn't get me good online banking, but it does get me
> good branch hours :-)

E*Trade is great when it comes to some things such as being able to stay
logged on (from work) for days at a time.  Unlike TD, it doesn't let you
go through 2 or 3 levels of menus (which can take a couple of minutes at
busy times) only to tell you that you've timed out and been logged off.

E*Trade does come up short against TD when it comes to features.  In
particular, it does not provide stop-loss or good-through, but these
features are planned for introduction in December (no problem for anyone
thinking of switching over now, since it takes about 2 months for the
sending/receiving institutions to move the securities).

> 
>   I suspect that you might have better luck with a thread in can.taxes or
> something.

BTW, for pure electronic banking I just LOVE Mbanx.  No, I don't work
there, but since I have a mortgage and line of credit with them I actually
make about $25 each month from their "cash rewards" program even after I
pay the $13 monthly fee.  I get $25 in my pocket each month PLUS all of my
cheques, web banking and Interac purchases are FREE.  You gotta love that!

In addition, they man the phones 24 hours a day.  If you feel like phoning
at 2 a.m. to ask for a loan (to cover the money you just lost at the
Casino) someone will be there to take the information and you'll have an
answer within a day or two.

Remove "noSpam." from my return address to reply via e-mail

--------------------

-Pat
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From: pcoghlan@noSpam.magma.ca (Patrick Coghlan)
Subject: Re: Ottawa Online banking - The Good, Bad and the Ugly.
Date: 1998/09/08
Message-ID: <pcoghlan-0809980959440001@macpcoghlan.ca.newbridge.com>
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References: <slrn6uqscn.1d4.marky@marky.com> <slrn6v8rc3.5c6.mcr@varrus.sandelman.ottawa.on.ca>
Organization: Magma Communications
Newsgroups: ott.online,can.consumers,misc.invest.canada