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I'm a Canadian living in Canada. Nobody likes interac, debit only system and sending money to others has crazy fees for small transactions.
by ckdarby 8y ago
I'm a Canadian living in Canada. Nobody likes interac, debit only system and sending money to others has crazy fees for small transactions.
- smnrchrds 8y agoSimplii Financial (direct banking subsidiary of CIBC) has unlimited transactions, Interac e-transfers, Autodeposit and Request Money, Interac Flash (contactless payments), and supports Apple Pay, Google Pay, and Samsung Pay, and all these features are absolutely free. Maybe you just need to change your bank.
- Marsymars 8y agoThere are a bunch of different things you're listing there, but none of them are really accurate: * Most merchants love Interac, it's far cheaper than credit for them. * Interac hasn't been "debit only" in a meaningful sense in some years, various banks now issue debit cards with Visa/MC fallback for international/online use. * The last few years has seen a proliferation of banks offering free Interac etransfers. There's no reason anyone now needs to pay for etransfers or for a bank account.