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For all of Canada's chartered banking bureaucracy and lack of customer empathy ... I have to say that our e-transfer system is pretty amazing. For business or p
by emptybits 3y ago
For all of Canada's chartered banking bureaucracy and lack of customer empathy ... I have to say that our e-transfer system is pretty amazing. For business or personal, one-off or regular transfers. It just works.
- clord 3y agoI always have an awkward delay with interac transfers when doing in-person. like "so, what do you think of those jays" bla bla for several minutes. Works great when the transaction is not 100% live though.
- emptybits 3y agoHa. Interesting. I do a lot of e-transfers but I don't think I've ever needed instant, on-the-spot confirmation so I've never noticed that! Noted!
- moberley 3y agoIf the e-transfer involves a credit union it can take much longer than several minutes at least that is the case in the rural area where I live.
- grecy 3y agoI do find it funny that to deposit an e-transfer in Canada you get an email, are required to click a link in that email and then login to your internet banking with your username and password. Straight out of the "NEVER EVER do that" playbook.
- emptybits 3y agoWell "required" is not exactly right. You can accept funds manually that way if you prefer. But if you set your account up once to auto receive and deposit then any funds anyone transfers to your email address will just appear in your account. This is done once in your online banking setup and after that there is no clicking of links or logging in or passwords necessary. Is there a reason to not configure it this way? I've always set things up this way, with the three banks I deal with, and can't think of any obvious ways I could get burned or fooled.