4 ms·
Yeah 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
by CosmicShadow 9y ago
Yeah 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!