Online Banking in Canada

Online banking in Canada is the fastest and easiest way take care of pretty much all banking matters, and is accessible to you 24 hours a day, seven days a week.

So if your closest branch closes, you can still do business. Banks also offer Apps for smart phones, which enable you to check your account balance, transfers and purchase history straight from your phone. You can also set up balance alerts, which will remind you when your account balance is low, or inform you of a purchase made. This can help ensure your card has not be duplicated or used for any unauthorized purchases.

When you open a bank account, you can go to the bank’s website and sign up for online banking. You should also see if it offers the option of a phone code. This makes it easier to speak to a customer service representative, as they can access your information by your entering this number, without you having to provide your debit card number.

Interac e-transfers

An Interac e-transfer is a great way to easily send money to anyone, regardless of which bank they have use. It is safe and reliable, and removes the need for cheques. In your online banking account, you simply click on the tab for Interac e-transfer, select the amount you wish to send, add the e-mail address of the recipient as well as a security question (this should be something you both know the answer to), and click send. The transfer is then sent by email, and the recipient of the money can choose to deposit it into their bank account by clicking “accept” and answering the security question correctly.

Automatic Bill Pay

This feature that allows you to set up bill payments, which will come out of your account at the desired date. With such busy lives, often we forget the due date of bills, so this is a really helpful function.

Other Features of Online Banking in Canada

Online banking in Canada also offers easy access to applications for loans, lines of credit, credit cards, increase in credit limit, and it is often a lot easier and faster than going to a bank and applying with a teller or manager. It also allows you to browse information and compare different credit cards and loans before making a decision as to which one suits your needs.

(Photo Credit: Don Hankins, Creative Commons)

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Peter

About Peter

As the child of a diplomat, I’ve had the opportunity to really see the world. Living in Algeria, Italy, Venezuela, South Korea, Ukraine and the Bahamas has taught me that diversity is a gift, not something to fear. When it comes to diversity, Canada is a special place. Its big cities attract high percentages of immigrants from every corner of the globe, and natives are welcoming and kind to them. Racial, gender and other forms of diversity are also largely accepted and even celebrated. Relocating is never easy. The stress of moving, and starting over when it comes to finding friend, can be discouraging. But I can tell you from experience that once you get through the tough parts, Canada is a fabulous place to live. // En tant qu’enfant de diplomate, j’ai eu l’occasion de vraiment voir le monde. Vivre en Algérie, en Italie, au Vénézuela, en Corée du Sud, en Ukraine et aux Bahamas m’a appris que la diversité était un cadeau et non quelque chose à craindre. Et quand il s’agit de diversité, le Canada est un endroit spécial. Les grandes villes attirent un pourcentage élevé d’immigrants provenant des quatre coins du monde. Les natifs sont accueillants et gentils envers eux, la race, le sexe et d’autres formes de diversité sont acceptés et même célébrés. La relocalisation n’est jamais facile. Le stress du déménagement et la nécessité de repartir de zéro quand il s’agit de se faire des amis peuvent être décourageants. Mais je peux vous dire par expérience qu’une fois les moments difficiles traversés, le Canada est un pays fabuleux pour y vivre.