$20 cash +$10 worth of Canadian tire money for opening new savings account

[kateangels]

$20 cash + $10 worth of Canadian tire money for opening new High Interest saving account

https://www.myctfs.com/?ref=http://www.canadiantire.ca/english/fstopnav

[Keny]

$20 cash + $10 worth of Canadian tire money for opening new High Interest saving account

https://www.myctfs.com/?ref=http://www.canadiantire.ca/english/fstopnav

The link does not mention the $10 Canadian Tire money. :confused:
Is it shown somewhere else?

[kateangels]

$10 Canadain Tire money is mentioned here..


https://www.myctfs.com/Products/HighIntSavings/LearnMore/

[FiNaL WaR]

wow after president choice its canadian tire time! haha

[dryang]

any catch?

[patrob]

The high interest savings account rate is 3.8% ... PC is 4% but you need a minimum of $1,000 to get that rate...

Not sure if CT has a minimum...?

[can2000]

thanks OP.

[dmxlite]

any catch?

You have to spend it at Canadian Tire :cheesygri Unless you're near a liquor store that takes CT money.

[bon]

I don t trust CT regarding the money.So, I won't release my personnal infomation for just 20~30 $.

[slotscanada]

I don t trust CT regarding the money.So, I won't release my personnal infomation for just 20~30 $.

Care to explain why? I have had a credit card(s) with them for over 15 years and never had any trust problems.

PS - Thanks Op.

[MrDisco]

nice find op. i don't see any qualifiers in the fine print (which is good)

[dj_b_00]

PC Financial is attached to CIBC. Which bank does Canadian Tire use and where can you withdraw funds?

[LonesomeDove]

I did not know Canadian Tire has become a bank. Has the rules change so that any company can open a bank? So can we expect Future Shop or Best Buy to open a bank?

[ES_Revenge]

PC Financial is attached to CIBC. Which bank does Canadian Tire use and where can you withdraw funds?

Canadian Tire used to be affiliated with ING Direct to some degree, but that seemed to have come/gone quite quickly. I don't know if they've paired up again, but just saying that they had some connection in the past.

[Waynergy]

I did not know Canadian Tire has become a bank. Has the rules change so that any company can open a bank? So can we expect Future Shop or Best Buy to open a bank?

I think RFD should seriously start offering Savings account and GIC.

[salt_26]

Applied. Application was pretty short. theres no minimum deposit required and no monthly fees.

Heres the confirmation message i got

Thanks for applying.

What happens next?

Once we receive your application, we'll mail an instruction package to you - you should receive it within 10 days. The instruction package will outline next steps and ask that you mail a cheque to us.

The cheque must be made payable to yourself, in Canadian funds, from a bank account in your name held at another Canadian financial institution. The cashing of this cheque is required to set up a link to your existing account - your High Interest Savings AccountTM will not be operational until this cheque has been cashed - it's a legal thing, just to make sure everything works properly from the beginning. For joint accounts, you'll need to send a joint cheque with both your signatures, or, you can complete and mail in two separate cheques, one from each of you.

Once we receive the cheque from you, we will begin the process of connecting your existing account to your Canadian Tire High Interest Savings Account. Including the time it takes for your cheque to reach us, this should take about 10 days.

Once we receive your cheque we will mail you a welcome package that outlines how you can access your account, and we'll ask you to call our Canadian Tire Customer Support at 1-866-681-CTFS(2837) for quick verification, so that we can set up your password for online and telephone access to your account.

Once the cheque in your account has been cashed, get ready... because the money you're now saving with us is going to be nice to you for a change.

[wilson.311]

what does "the process of connecting your existing account to your Canadian Tire High Interest Savings Account" supposed to mean?

[slotscanada]

Applied also! Thanks Op.

Now if only they would bring back that 5% rebate credit card !!!

:)

[iamalittlepepper]

No CT actually bought out a bank/financial service company

http://en.wikipedia.org/wiki/Canadian_Tire_Financial_Services

Unlike Presidents Choice which licenses service from CIBC.. CT is actually a bank.

I did not know Canadian Tire has become a bank. Has the rules change so that any company can open a bank? So can we expect Future Shop or Best Buy to open a bank?

[LonesomeDove]

No CT actually bought out a bank/financial service company

http://en.wikipedia.org/wiki/Canadian_Tire_Financial_Services

Unlike Presidents Choice which licenses service from CIBC.. CT is actually a bank.

IF CT is actually a bank, can we assume our deposits are guaranteed by the Canada Deposit Insurance Corporation up to $100,000?

[1ply]

^^ sure you can assume anything.. and while you're assuming, feel free to buy a new screwdriver as you wait in line at the bank machine.

Seems pretty limited as far as withdrawals etc are concerned as you would have to do them during store hours :(

[demanche]

Hmm $20.. I am tempted

[ChinpokoMon]

IF CT is actually a bank, can we assume our deposits are guaranteed by the Canada Deposit Insurance Corporation up to $100,000?

https://www.myctfs.com/DepositInsurance/

[andyp]

I think RFD should seriously start offering Savings account and GIC.

Right! Try and make any money off the people around here! :)

[demanche]

Right! Try and make any money off the people around here! :)


Our Ideal bank would pay us for each transaction because we would send them tons of new clients =)

[smihaila]

"Unfortunately, we can't accept applications from residents of Quebec at this time." :>:(

[crasher]

Our Ideal bank would pay us for each transaction because we would send them tons of new clients =)

Actually PC use to pay 50 pts for each transaction when they started. A friend of mine use to pay $50 bill in 50 transactions of $1. :cheesygri
THey stoped that quickly, and limited to 500 pts monthly. Eventually stopped altogether.

[Mei Yee]

Thanks - Applied.

[MrDisco]

what does "the process of connecting your existing account to your Canadian Tire High Interest Savings Account" supposed to mean?

it means when you send them in a cheque, they will link that account to your CT account. this way you can transfer money online between the two accounts.

[a_y3n]

Thanks, signed up =)

[tomasz]

Thanks OP signed up. Going to get my GF to sign up.

[psweitzer]

Thanks OP... Free $30 is free $30! :twisted:

[ERIKAAMORRIS]

$20 cash + $10 worth of Canadian tire money for opening new High Interest saving account

https://www.myctfs.com/?ref=http://www.canadiantire.ca/english/fstopnav

I'm pretty sure that $10 CDN tire money was pre-promotion, and now you get $20 for a limited time.

Hope no ones expecting $30...

[bs9999]

I remember signing up for this $20 Cash + $10 Tires Money and even called to confirm those were the correct facts....however, after signing up for 2 different people (bro and i) we never received the expected "Welcome Package" (and this was to go to two different addresses). Interestingly i finally received a letter indicating the welcome package was with it which it was not, it did not include a mailback envelope (which it claims should have been included) and the date i had to get my check and signed documents back by, as part of that welcome package (mentioned on the letter) was actually 5-days prior but when you read the letterhead they had actually mailed this letter out on the same day it claims i was to have my completed package back to them....to me i got the impression they were looking for ways to drop this promotional offer because they got too many applicants....I called to let them know they made a mistake about 2 weeks back and they appologised and said they would take care of it and as such, so far i have not received any word for either applicant.

I suspect none of you guys will hear anything back regarding this promotion either....let me know how it goes..

UPDATE: If you check their site you will also notice they "dropped" the $20 cash and now it is just the $10 Tires money. This is what i was expecting...It should be noted that the promotional offer for the $20 Cash was to end on May 31st so ubruptly CT just ended it without notice and for me (and bro) we were left in the cold despite applying back in mid-April

[schweendborscht]

IF CT is actually a bank, can we assume our deposits are guaranteed by the Canada Deposit Insurance Corporation up to $100,000?

Canadian Tire Bank is not listed on the CDIC list of members. There is something called CTC Bank of Canada, but Wikipedia says that is Chinatrust Commercial Bank subsidiary.

http://www.cdic.ca/1/3/1/7/index1.shtml

[astimegoesby]

I suspect none of you guys will hear anything back regarding this promotion either....let me know how it goes..


Signed up on May 8 online for both. Got the two welcome packages in the mail yesterday (in one week). All it asked for is a pre-printed cheque showing your name, make the cheque payable to your self and mail back to CT in the postage prepaid envelops. That was it.

In the fine-print, it says you can close this account any time. I looked the itemized service fees, no indication of any charge of early closing of the account (other banks usually charge 20-30 for closing account within 3 months). Be patient.

[jcoltage]

I am scared that one day I go to withdraw cash and the ATM starts giving me CT money instead of real money... Not List under the CDIC then I would not put more than 500 bucks in it... but like said 30 bucks is 30 bucks ....

Edit - I guess Canadian Tire does not believe that Quebec as part of Canada ...

[crasher]

Canadian Tire Bank is not listed on the CDIC list of members. There is something called CTC Bank of Canada, but Wikipedia says that is Chinatrust Commercial Bank subsidiary.

http://www.cdic.ca/1/3/1/7/index1.shtml

They already claiming being member of CDIC here (https://www.myctfs.com/DepositInsurance)

[bonzo]

Actually PC use to pay 50 pts for each transaction when they started. A friend of mine use to pay $50 bill in 50 transactions of $1. :cheesygri
THey stoped that quickly, and limited to 500 pts monthly. Eventually stopped altogether.



I remember that and I think you would get points for transfers too, from your checking to savings. I would take advantage of the offer.

[djayboi]

$20 cash + $10 worth of Canadian tire money for opening new High Interest saving account

https://www.myctfs.com/?ref=http://www.canadiantire.ca/english/fstopnav

I hate to point this out, but you can't include a referral link.

if you sign up you can just go directly to this website w/out the refer link.

https://www.myctfs.com

[paperclip]

according CDIC's website:

http://www.cdic.ca/1/3/1/7/index1.shtml

[mahjongmaniac]

You have to spend it at Canadian Tire :cheesygri Unless you're near a liquor store that takes CT money.

CT has "their own" liquor" stores??

[a_y3n]

Is this thread..dead??

[abercrombieboy]

$20 cash + $10 worth of Canadian tire money for opening new High Interest saving account

https://www.myctfs.com/?ref=http://www.canadiantire.ca/english/fstopnav

where does it mention $20 cash?

[MrDisco]

where does it mention $20 cash?

you're too late. when this thread was originally posted there was a $20 offer.

[mahjongmaniac]

"Unfortunately, we can't accept applications from residents of Quebec at this time." :>:(

ouch... QC seems to occasionally get shafted for stuff like this at times... :-0

[phillbert]

For anybody wondering. I did infact get a $10 gift card and a bonus $20 deposited into my account.

And I only wrote them a $1 cheque.

[Mei Yee]

Thanks, Phillbert, I WAS wondering. I will send them my cheque for a dollar now! Free $20 + $10 GC is a good deal for investing a buck!:D

[a_y3n]

I opened my account I believe when this thread first appeared.. and I got my $10 CT card plus $20 deposited into my account on June 1st

[patrob]

Now if only they would bring back that 5% rebate credit card !!!
:)

I miss it too :cry: ...it was amazing while it lasted :D

[lame23]

is there a fee when you transfer money from canadian tire to your original banging institution?

[doogle]

is there a fee when you transfer money from canadian tire to your original banging institution?
Nice Freudian slip. :)

[lame23]

Nice Freudian slip. :)
lol but seriously is there a fee??