Investments: You can invest using a term deposit inside a non-registered or registered account (e.g. Business Pay As You Go: $5 monthly fee and pay per transaction. That means if you decide to make a purchase or sign up through these links, I may earn a commission at no cost to you. Basic package: $4/month (waived with a $1000 minimum balance) with 20 ‘free’ transactions, free e-statement (or $1.50 for a paper statement). Alterna Savings and Credit Union Ltd. has added a new Increased Authentication feature to the login process. Business Premium: $55/month and 100 transactions. Please login to set up the new security feature. Members of Alterna Savings and Credit Union have access to over 3,700 surcharge-free ATMs across Canada though The EXCHANGE Network. Alterna Savings and Credit Union is one of Canada’s largest credit unions and the first credit union outside of Quebec. Alterna Bank is absolutely a legitimate bank. Related news CI acquires US$23B Chicago-based RIA 5) Alterna Savings Visa Infinite Card: $120 annual fee, 19.90% interest rate, comprehensive travel insurance benefits, auto rental collision/loss insurance, purchase protection/extended warranty and earn 2 points per $1 spent. Learn about salary, employee reviews, interviews, benefits, and work-life balance © 2021 Enoch Media Inc. All Rights Reserved. Articles on SavvyNewCanadians.com may contain affiliate links. Please read our, Best Money Management Apps For Canadians in 2021, Coast Capital Savings (Federal) Credit Union Review. RRSP, TFSA, RESP, and RRIF). Operating primarily as a direct bank since 2017, most customers access accounts using the bank's website, … Learn how your comment data is processed. Alterna Savings Accounts: Personal Banking, Alterna Savings Accounts: Business Banking, Paymi Referral Code: Get Cash Back on Shopping ($5 Bonus), STACK Mastercard Review (Plus a $5 Bonus), Newfoundland and Labrador Tax Rates and Tax Brackets, ZBAL Review: BMO Balanced ETF Portfolio Explained, ZGRO Review: BMO’s All-in-One Growth ETF Portfolio Explained. M to F: 8:00 am to 6:00 pm Alterna Bank is a digital bank in Canada offering financial services including savings, chequing, investments, and mortgages. This review of Alterna Savings and Credit Union covers the services and products they offer to members as well as the low to no-fee digital banking services available through their direct banking subsidiary, Alterna Bank. 3) Alterna Savings Visa Classic Card: $30 annual fee, 11.90% interest rate, purchase protection, extended warranty, and mobile device insurance. Please note that our branches will be closed on Monday, February 15, 2021. Business Investment Savings Account: Earn up to 0.40%*. Download apps by Alterna Savings and Alterna Bank, including Alterna Savings Mobile, Alterna Bank and Alterna Bank Business Banking. It’s easy—set up an auto-transfer to your TFSA and build your savings over time; Manage your TFSA online – conveniently transfer funds to your Alterna accounts through online and mobile banking; Here are some ways for you to save: View Branch Hours and Contact Information, Be the first to know about news, promotions, and announcements. When you invest in a Tax-Free Savings Account (TFSA) at Alterna, your money will grow, and you can keep every penny of it. The credit union, in the year 2000, launched Alterna Bank. Last Post Loonie July 23, 2019 - 10:05 pm. A free inside look at Alterna Savings salary trends based on 99 salaries wages for 55 jobs at Alterna Savings. 7) Alterna Savings Travel Rewards Visa Gold Card: $99 annual fee, 19.90% interest rate, extended travel insurance benefits, purchase protection and extended warranty, earn 1 point per $1 spent (double for foreign currency purchases). In 2013, Alterna Savings merged with Ottawa Women’s Credit Union. Our Contact Centre will be open from 9:30 am to 4:00 pm EST. In order to send funds to and from your Alterna Savings And Credit Union Ltd. bank account, you will need a minimum of three account details at hand: Financial Institution number (3 digits), Branch Transit Number (5 digits) and Account Number (7-12 digits). The eligibility requirements for membership are that you must: You can conduct transactions online, in-branch, and via telephone. The contact centre is open from Monday-Friday (8 am-8 pm) and Saturday (9:30 am to 4 pm). About Thinking Capital Thinking Capital, founded in 2006, is a leader in the Canadian fintech industry and Canada’s largest non-bank lender to small businesses. As should be expected of any bank, Alterna offers several banking services including savings and chequing accounts, investment accounts and options, and mortgages among other things.The bank – like most other digital banks – boasts some juicy interest rates on the accounts they offer and have eliminated monthly and annual fees on their chequing accounts. Learn more about increased authentication. M to F: 8:00 am to 6:00 pm Sat: 9:30 am to 4 pm Sun: 9:30 am to 4 pm Toll-free 1.877.560.0100. Telephone: Call 416-252-5621 (Toronto), 613-50-0100 (Ottawa) or Toll-free at 1-877-560-0100. Welcome to the bank that actually puts customers before profits and winning customers with service, products and the total transparency that truly puts the good in banking. Everything you need for your financial well-being is available at Alterna Savings. In 2016, Alterna Savings merged with Nexus Community Savings. Alterna Bank. About Alterna Alterna Savings and Credit Union Limited (Alterna) has been the Good in Banking for 111 years! Alterna is made up of Alterna Savings and Credit Union Limited and its wholly-owned subsidiary, Alterna Bank. Your email address will not be published. Views 1759. CS Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC) We are here for you. 33 Alterna Savings jobs. In December 2018, Alterna Savings merged with Toronto Municipal Employees’ Credit Union (TME Savings). Save for whatever you like — a new car, a home renovation, a vacation, a rainy day — knowing that you won’t have to pay any tax on the interest you earn. Investment savings account: Earn up to 0.40%*. Note that foreign currency deposits and investments such as mutual funds, stocks, and bonds are not insured by DICO. This membership means that deposits (savings, chequing, term deposits, and GICs) with the credit union are insured up to a maximum of $250,000 per member (including interests and dividends). For more information about Alterna Bank and its products please visit www.alternabank.ca, or to learn more about Alterna Savings, please visit www.alterna.ca. Get your bank accounts talking to each other with a few clicks. Log In. Their credit card offerings via Collabria Financial Services are: 1) Alterna Savings Cash Back Visa Card: No annual fees, 19.90% interest rate, earn 1 point per $1 spent (double on gas), purchase protection and extended warranty, mobile device insurance. Always consult with a licensed financial or tax advisor before making any decisions based on the information you read on this blog. Posts 2. Is Alterna Bank legit? Online: Use their website or the Alterna Savings mobile app which is available on iOS and Android. Required fields are marked *. Jump to. Signup Now! Business Prestige: $100/month and 200 transactions. Unlimited package: $14/month including unlimited transactions, unlimited Interac e-Transfers and 1 free ATM Interac withdrawal/month (free with a $1,500 minimum monthly balance), free traveller’s cheques, 1 free bank draft or certified cheque/month. First Post Doug August 7, 2019 - 2:24 pm. Alterna bank homepage In December 2018, Alterna Savings merged with Toronto Municipal Employees’ Credit Union (TME Savings). Business Daily Interest Savings: Earn up to 0.05%* and 2 free transactions per month. In 2016, Alterna Savings merged with Nexus Community Savings. Alterna Bank offers Digital Banking in Canada which is secure, convenient, competitive and provides great rates. Alterna Bank savings accounts ratings. Press alt + / to open this menu. The line up of business credit cards offered by Alterna Savings are: Investing: Business members can also access investment assets such as mutual funds (via Qtrade Advisor), term deposits and brokerage services (through Qtrade Investor). Following Meridian Credit Union, Alterna Savings is the second-largest credit union in the province of Ontario. Alterna Bank also operates in Gatineau, Quebec and 31 branch locations across Ontario through Alterna Savings*. Toll-free 1.877.560.0100. A free inside look at company reviews and salaries posted anonymously by employees. New members can apply online, walk into a branch or call Alterna at 1-877-560-0100. You will also receive our FREE e-Book! His writing has been featured or quoted in The Globe and Mail, Toronto Star, MSN Money, Financial Post, Winnipeg Free Press, Wealthsimple, and many other personal finance publications. Alterna Savings & Credit Union is one of Canada’s largest credit unions. This review provides more information about Alterna bank, with an in-depth analysis of their leading personal finance products. CONTACT CENTRE HOURS. Value package: $10/month including 35 transactions, 50 cheques/year, free American Express Traveler’s cheques. Online banking and ATMs are available for your convenience. Daily interest savings: Earn up to 0.05%*. Join Alterna and get started. Toronto Rock vs Calgary Roughnecks #AlternaCup #AlternaLax Alterna Bank. CS Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC) We are here for you. With the same 1.20% interest rate on whichever account you go with, it's your choice if you want a straightforward high interest savings account or take advantage of some tax-sheltering savings with a RRSP or TFSA. It has over 160,000 members, 35 branches in Ontario and more than $8 billion in assets under management. Founded in 1908, Alterna Savings has managed to amass for itself a large sphere of influence. Your email address will not be published. Their commitment to providing a strong and reliable platform, coupled with an exceptional client experience and leading-edge investment tools, has earned them an award-winning history that spans 15 year. This feature provides members with an additional layer of protection. Alterna Savings is a local credit union and a member of the Deposit Insurance Corporation of Ontario. Community Plus chequing account: for incorporated non-profit organizations. Be the first to know about news, promotions and announcements. Business Value: $28/month and 50 transactions. Accessibility Help. Salaries posted anonymously by Alterna Savings employees. Last Post Briguy August 7, 2019 - 4:58 pm. The credit union has more than one hundred and sixty thousand (160000) members, a total of 35 branches in Ontario, and gathered over $8 billion in forms of assets that it manages.. Alterna Savings. Alterna Savings Collabria No Fee Cash Back Visa Business Card, Alterna Savings Collabria Visa Infinite Business Card, Alterna Savings Collabria Low Rate Visa Business Card. Together, it has $8 billion in assets under management. Online-only banks (with few or no physical branches) have become more popular as younger customers are comfortable with performing most bank transactions online and have become more sensitive to paying monthly chequing account fees. Available with your Alterna Bank account, Me-to-Me is a free feature that lets you link all your accounts from different financial institutions so you can transfer funds with ease. See more of Alterna Savings on Facebook. Sign up now, Enter address, postal code or branch name, Products for Small and Medium Enterprises. Welcome to the bank that actually puts customers before profits and who is winning customers with service, products and total transparency that truly puts the good in banking. Welcome to the bank that actually puts customers before profits and winning customers with service, products and the total transparency that truly puts the good in banking. Posted by Enoch Omololu | Updated Jun 9, 2020. Email or Phone: Password: Forgot account? To log in to online banking, you must have JavaScript and cookies enabled. Enoch Omololu is a personal finance expert and a veterinarian. Sun: 9:30 am to 4 pm Personal loans, mortgages, retirement and investment products backed by expert advice to help you meet your goals. Business Basic: $10/month including 15 transactions. Sign Up. Sections of this page. Save for whatever you like — a new car, a home renovation, a vacation, a rainy day — knowing that you won’t have to pay any tax on the interest you earn. If you have not received your tax slip(s) within 2 weeks of that mailing date, please call us at 1.866.560.0100. This post may contain affiliate links. Alterna Savings Credit Union is one of the largest credit unions in Canada. 1 2 3. I am not a financial advisor. Alterna Savings. Alterna Bank and Alterna Savings President & CEO Rob Paterson video interview with BNN Bloomberg. 4) Alterna Savings FlexRate Visa Card: $40 annual fee, variable interest rate up to 15.90%, earn 1 point per $1 spent, purchase protection and extended warranty, mobile device insurance. This Alterna Savings review covers all you need to know about their services. Alterna Savings was founded in 1908. Apply to the latest jobs near you. On April 30, 2019, Alterna Savings merged with City Savings and Credit Union. 8) Alterna Savings US Dollar Visa Card: $50 USD annual fee, 19.90% interest rate, travel insurance, auto rental collision/loss insurance, purchase protection/extended warranty, and earn 1 point per $1 USD spent. 59+ Club: Get a discount on the regular chequing accounts as follows: basic chequing (free), value package ($5), and unlimited package ($7). Facebook. 6) Alterna Savings Student Visa Card: $0 annual fee, 11.90% interest rate, purchase protection/extended warranty, and mobile device insurance. When you invest in a Tax-Free Savings Account (TFSA) at Alterna, your money will grow, and you can keep every penny of it. Alterna Savings is a local credit union and a member of the Financial Services Regulatory Authority of Ontario. Alterna Bank offers everyday banking services, including a High Interest eSavings Account, as well as investment and borrowing services. Canada's Reliable Online Bokerage . Alterna Savings and Credit Union Ltd. and its subsidiary Alterna Bank have $9.6 billion in assets under management, 183,000 members and 36 branches across Ontario, including partner Peterborough Community Savings. Mail: Alterna Savings, 319 McRae Avenue, 2nd Floor, Ottawa, ON K1Z 0B9. Visit the site to learn more Branches: Alterna Savings has a network of 33 branches in Ontario including the Greater Toronto Area, Kingston, Ottawa, Pembroke, and North Bay. Whether you stop by for daily banking transactions or advice on loans and mortgages, a knowledgeable Alterna representative will always be delighted to serve you. CHIP chequing account: reduced service fees and this account earns interest. Please read my disclaimer/disclosure for more info. Routing Number - 084200646 - Alterna Savings And Credit Union Ltd. Alterna Savings And Credit Union Ltd Branch. Designed by Elegant Themes | Powered by WordPress. Alterna Savings offers a full suite of banking services to its personal and business members. Related: Low-Fee Investing Options in Canada. Sat: 9:30 am to 4 pm Alterna Savings (French: Caisse Alterna; officially Alterna Savings and Credit Union Limited) is a credit union founded in 1908 in Ottawa.It operates branches in Ontario and direct banking across Canada through its subsidiary Alterna Bank. 2) Alterna Savings Centra Visa Gold Card: $0 annual fee, 9.90% interest rate, earn 1 point per $1 spent, auto rental collision loss insurance, purchase protection and extended warranty, accident protection. He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and a passion for helping others win with their finances. 108 Alterna Savings reviews. Alterna Savings looking to raise $50 million in 4% preferred share issuance. Tax slips will be mailed out to clients by the Canada Revenue Agency (CRA) deadline of February 28th, 2021. Their chequing account offerings include: Alterna Savings offers mortgages, personal loans, lines of credit, and credit cards. Purchase a $15 membership equity share which gives you a stake in the credit union so you can vote and share in the profits. I already have a TFSA with Alterna and am more familiar with them, but the 2.3% rate at EQ has peaked my interest. Alterna Savings is a member of the Deposit Insurance Corporation of Ontario (DICO). Alterna Bank is one of Canada’s most popular alternative banking institutions. An Alterna Bank review for 2020. categories: Deposits. They provide mortgages, overdraft protection, business credit cards, loans, micro-financing and letters of credit. Toronto Rock vs Calgary Roughnecks #AlternaCup #AlternaLax Alterna Bank. Student chequing account: $0 monthly fee, no minimum balance required, unlimited free day-to-day transactions, and unlimited Interac e-Transfers, 2 free ATM Interac withdrawals/month. The content on this site is for informational and educational purposes only and is not intended as a substitute for professional financial advice. Chequing and savings accounts that work for you. Insurance: Travel insurance is available through CUMIS and Allianz Global Assistance Canada. Youth Start package (for members who are 18 and under): $0 monthly account fee, 30 free transactions/month, free statements. Our partner, Qtrade® Investor is the online brokerage you can depend on through market ups and downs. Alterna Bank is a digital bank that offers a TFSA eSavings Account with a competitive interest rate of 1.2%, no monthly fees, and no minimum balance.Though it’s a lesser known online bank, your balance is still secured through the Canada Deposit Insurance Corporation ().With any TFSA account, you can take advantage of tax-free earnings using a competitive interest rate. Stay in touch. This site uses Akismet to reduce spam. Other popular credit unions in the province of Ontario are: This Alterna Savings review is a part of a series on the best credit unions in Canada. December. Pay As You Go: No monthly account fee – pay per transaction. CS Alterna Bank (French: Banque CS Alterna), operating as Alterna Bank (French: Banque Alterna), is a Canadian direct bank and a wholly owned subsidiary of the Ontario-based credit union Alterna Savings.The bank offers chequing and high-interest savings accounts and mortgages. They are the direct (aka: online) banking arm of Alterna Savings, which is a federally regulated institution under the Bank Act. In 2013, Alterna Savings merged with Ottawa Women’s Credit Union. DUCA Financial Services Credit Union Limited. I am thinking of parking my down payment + wedding fund in a savings account and have narrowed it down to Alterna and EQ Bank. Sign up now to join thousands of other visitors who receive our latest personal finance tips once a week. In 2000, CS Alterna Bank was launched as a direct banking (online bank) arm of Alterna Savings and is a federally-regulated financial institution. Related: 14 Financial Apps To Build Wealth. Also, deposits held in a registered account (RRSP, TFSA, RESP, or RRIF) are 100% insured with no maximum limit.