Source press release: https://www.globenewswire.com/news-rele … ealth.html

Link: https://www.lbcdigital.ca/

Coming on the heels of the soft launch of the B2B Bank direct-to-consumer digital banking and HISA offering, which had been only in the brokered deposits and banking space, Laurentian Bank yesterday launched its no digital-only offering outside of Quebec. It’s essentially the same as Motive Financial’s, Alterna Bank’s, Simplii Financial’s, and Innovation Credit Union’s offering, though their HISA is a market-leading 3.30% (tied with subsidiary B2B Bank and besting perennial leader Motive Financial).

As with their subsidiary, B2B Bank, you get free and unlimited Interac e-Transfers, surcharge-free access to The EXCHANGE ATM Network, and debit card and cheques (cheques at standard cost, but available through cheaper alternatives like ASAP-Cheques.com and DiscountCheques.com).

Per the press release, which @jacnel and I were wondering, “Beginning in early 2020, the offer will be promoted in Quebec.” They also plan, “(i)n the coming months, (to) continue to develop more digital products, services and transactions to enhance (their) offering and stay on top of (their) customers’ needs.” So, it seems likely that as they complete their full-scale banking system migration to Celero Systems’ Temenos core banking system and to a new online banking platform, they likely plan to basically turf the old Laurentian Bank website.

See also: B2B Bank No-fee Chequing and HISA Official Thread

Cheers,
Doug

Statistics: Posted by dmehus — Nov 21st, 2019 1:49 am


* This article was originally published here