4 ms·
In Canada we have Interact e-transfers. For about $1 you can send money between any two banks via email or sms. The fee is frustrating, especially when you want
by kennywinker 10y ago
In Canada we have Interact e-transfers. For about $1 you can send money between any two banks via email or sms. The fee is frustrating, especially when you want to pay someone back for lunch or something small, but it is very convenient and basically everybody knows how to use it at this point.
- jessriedel 10y agoBtw, EQ Bank and ATB Financial offer a few (5-10) Interac transactions for free per month. http://www.playpay.ca/blog/comments.cfm?id=3&blogid=7 http://www.playpay.ca/blog/comments.cfm?id=3&blogid=7
- CosmicShadow 10y agoYeah these are great, they've pretty much made cheques obsolete. Need to pay the cleaning lady or lawn guy? Just email money transfer, no one wants to go to the bank or take a photo of a cheque. I even get paid for many contracts via this method, but it can be annoying that some banks have lower daily limit, and even more surprisingly my personal daily limit is like twice as high as a business bank account's limit (for certain banks), but it's like $1.50 to send the money and people just do it over the course of 2 days if it's over the limit. Wire transfers are too crazy expensive in Canada as well. Also easiest way to send money to yourself if your business account is at a different bank and you don't have cheques or want to get robbed carrying cash!
- jlebrech 10y agosomeone who asks you for that $5 back, is always that person that will borrow $500 from you and never pay back, why spend a dollar for such a small amount.
- kennywinker 10y agoWhere are you going for lunch?