Canada E-Bank transfer SAFE???
Posted: Fri Jul 25, 2014 10:35 am
As this seems like the appropriate forum for this subject.
I thought it may be best to post a link on this. I have done this in the past with other (in Canada) sellers with no problems.
HOW IT WORKS
Interac® e-TransferTM
Using your online banking account, all you need is the recipient’s email address1
Money is deposited once the recipient receives the email notice2
Enjoy the same security features that protect your online banking information
Take advantage
Five Interac e-Transfers per month are included in the Premium Bank Plan.
Two Interac e-Transfers per month are included in the Kids, Teens, Students and Recent Graduates Discount Programs when the discount is applied to a Plus or Performance Plan.
The fee to send an Interac e-Transfer is $1.50; there is no fee to receive an Interac e-Transfer via Online Banking3.
How does Interac e-Transfer work? Learn more
How is your Interac e-Transfer protected?
When you send funds using Interac e-Transfer, your money never actually travels by email. Email messages are used only to notify the recipient of the transfer and to provide instructions on how to deposit the money. BMO and your recipient’s financial institution transfer funds using established and secure banking procedures, and never by email. BMO will never request confirmation of your banking information by email.
To send an Interac e-Transfer, sign-in to Online Banking
1Recipient has to accept the transfer before the amount is credited.
2The deposit must be made at one of the following participating banks and credit union: BMO Bank of Montreal, CIBC, RBC Royal Bank, Scotiabank, TD Canada Trust, and Central 1 Credit Union. Recipients can receive Interac e-Transfer funds instantly and for free if they deposit the money online into a bank account at one of the six participating financial institutions
3Recipients can receive Interac e-Transfer funds instantly and for free if they deposit the money online into a bank account at one of the participating financial institutions in Canada.
Please chime in with your experiences with this.
I thought it may be best to post a link on this. I have done this in the past with other (in Canada) sellers with no problems.
HOW IT WORKS
Interac® e-TransferTM
Using your online banking account, all you need is the recipient’s email address1
Money is deposited once the recipient receives the email notice2
Enjoy the same security features that protect your online banking information
Take advantage
Five Interac e-Transfers per month are included in the Premium Bank Plan.
Two Interac e-Transfers per month are included in the Kids, Teens, Students and Recent Graduates Discount Programs when the discount is applied to a Plus or Performance Plan.
The fee to send an Interac e-Transfer is $1.50; there is no fee to receive an Interac e-Transfer via Online Banking3.
How does Interac e-Transfer work? Learn more
How is your Interac e-Transfer protected?
When you send funds using Interac e-Transfer, your money never actually travels by email. Email messages are used only to notify the recipient of the transfer and to provide instructions on how to deposit the money. BMO and your recipient’s financial institution transfer funds using established and secure banking procedures, and never by email. BMO will never request confirmation of your banking information by email.
To send an Interac e-Transfer, sign-in to Online Banking
1Recipient has to accept the transfer before the amount is credited.
2The deposit must be made at one of the following participating banks and credit union: BMO Bank of Montreal, CIBC, RBC Royal Bank, Scotiabank, TD Canada Trust, and Central 1 Credit Union. Recipients can receive Interac e-Transfer funds instantly and for free if they deposit the money online into a bank account at one of the six participating financial institutions
3Recipients can receive Interac e-Transfer funds instantly and for free if they deposit the money online into a bank account at one of the participating financial institutions in Canada.
Please chime in with your experiences with this.