I called PC Financial yesterday to see if I could 1) get more access to money deposited into the ATM – currently I only have access to the first $1k, and 2) apply for overdraft protection.
Let me first start off by saying I heart PC Financial. Even though they’re an online bank, their customer service reps are always very helpful, and I’ve never had a problem with them before. They’re fab. Plus, who doesn’t like free banking?
The rep I talked to said I qualified for $1,500 access to ATM money (apparently you can only go up in $500-step increments, and I can ask for the $2k increment in 6 months). And I also got a $100 overdraft. In the past year I bounced 2 cheques. How embarrassing. One was about $0.05 off, and the other time I miscalculated the timing of a deposit and was off by 2 hours. So, figured this was the best thing to do just in case. Reasoning for not doing it sooner? Because I switched jobs, I had to wait until after my probation period to apply since it required a credit check.
Anyway, I’m still closely monitoring the interest rates of ING vs. PC Financial. ING is ahead at 1.5% and PC is at 1.2%. Sigh!
I checked ING and PC Financial again today, and they’re down from the last time I checked 2 weeks ago.
ING is at 1.85%
PC Financial is at 1.65%
Wow. The last time I checked my interest rates on my savings account was a few weeks ago. ING was at 2.3% and PC Financial was at 2.35%. Not good, but not bad either. Remember when interest rates were over 4%? Now those were good times.
ING is at 2%
PC Financial is at 1.85%
It’s interesting that when I logged into my ING account today, I had every intention of moving my Travel Fund over to PC Financial, because historically they have a higher interest rate, if only by a little bit. So it certainly came as a shock to see that ING was ahead of the game. I expect to see their rates fall again in the next few days. I’ll keep my eye out since I have nothing better to do than shuffle my money in between accounts to try and catch the best interest rate.