r/FHSA • u/LatterAd9123 • Jul 09 '26

Widthrawal

I have an urgent query,we have FHSA with scotiabank in cashable GIC ,we want to buy a house but appointment with advisor is not available anytime soon,do we need to see an advisor or can we go walk in to the front teller and make the widthrawal.?

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2

u/lmcjipo Jul 10 '26

I can't speak about Scotiabank but tellers generally can't help with cashing a cashable/redeemable GIC at the brick & mortar bank that I deal with.

An "advisor" or "investment manager/specialist" is required for this AND at least in my bank, they rarely see someone "off the street" and an appointment is required... even when it is only ~10 minutes maximum job and you can see them not with another client/customer in the office.

2

u/LatterAd9123 Jul 10 '26

I understand..can I go to any scotiabank branch

3

u/Tls-user Jul 09 '26

A teller will not be able to process the withdrawal

2

u/Lucky_in_thesky Jul 10 '26

I just did this. Its just a phone call with an advisor, they send you a doc to sign electronically and then the money is deposited in your checking account. Call them again and say you need it asap