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Wire transfers deposit to Pinnacle

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Views: 1887
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Prospect
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Joined: Nov, 2006
Posts: 0
Posted: #1
Hey guys

I'm from Canada. Just wondering has anyone did a wire transfer deposit to Pinnacle through their bank before. I have been using instadebit for a long time however their deposit limits are too low. Since from what I've read Pinnacle will reimburse the wire transfer service fee. My question is after depositing, can I withdraw using different method like instadebit or do I have to do wire transfer back to bank.

Any experience and complication doing this would be helpful. Transfer under 10k? or does it matter . Would they ask to provide a reason of transfer?

Thanks a bunch
 
Captain
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Joined: Mar, 2002
Posts: 7312
Posted: #2
Used this method before without any problem...........If you win they will send you a cheque or a bank wire back to you.

You should always transfer under 10k.


 
Veteran
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Joined: Aug, 2011
Posts: 1239
Posted: #3
Quote Originally Posted by lifemisspent:

Used this method before without any problem...........If you win they will send you a cheque or a bank wire back to you.

You should always transfer under 10k.



hi i sent you a friends request to ask you a question
 
Captain
Participation Meter
Joined: Mar, 2002
Posts: 7312
Posted: #4
Quote Originally Posted by Qncyk1:


hi i sent you a friends request to ask you a question

Please resend the request.
 
 
Rookie
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Joined: Aug, 2014
Posts: 634
Posted: #5
Pinnacle has the entire procedure on their site.

You can easily deposit money and withdrawal to and from your bank account. Withdrawals take 3-4 business days most of the time. 

The only problem you run into is nosy bankers. I had a late 40s fat, angry woman question me constantly about withdrawals. Try to keep them under $5,000. $5,000 is the new $10,000 when in comes to FINTRAC. Google it if you don't know what it is. CRA will be all over your behind if you are doing many withdrawals over $5000. 
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